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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

The proposal would subject certain large non-bank companies offering wallet and payment services to federal regulatory oversight on par with banks and credit unions. The Proposal also excludes certain types of transactions, including the following: International payments or money transfers (e.g.,

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What is Zelle Real-Time Payments in the USA?

Clearly Payments

billion transactions Supported Institutions: Over 1,700 banks and credit unions in the U.S. only Primary Use: Peer-to-peer payments for personal transactions This article gives an overview of Zelle, how it works, key statistics, and some comparisons to other similar services. It does not support international payments.

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