Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by […]
Public comments on a proposed rule subjecting larger nonbank companies that offer digital payment apps and wallets will be accepted by the Consumer Financial Protection Bureau (CFPB) through Jan. 8, according to a notice in […]
“A rapidly growing financial threat to military families” is how digital payment apps are being characterized by the federal consumer financial protection agency in a report released Tuesday. However, the same report also offers recommendations […]
Billions stored on digital payment apps such as Venmo and PayPal (among others) used by consumers may lack federal savings insurance, the federal consumer financial protection agency warned Thursday; it urged those consumers to transfer […]
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