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US consumer finance watchdog sued for treating digital wallets like banks

TechNet and NetChoice are challenging a move by the US Consumer Financial Protection Bureau to regulate payment apps and digital wallets such as Apple Pay, Google Wallet, PayPal, Venmo and Cash App.

Jan 17, 2025 - 10:00
US consumer finance watchdog sued for treating digital wallets like banks

TechNet and NetChoice are challenging a move by the US Consumer Financial Protection Bureau to regulate payment apps and digital wallets such as Apple Pay, Google Wallet, PayPal, Venmo and Cash App.

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