Regulators will oversee cash apps including Apple, PayPal and Zelle
Tehnologie
Nov. 21 (UPI) -- The Consumer Financial Protection Bureau will start overseeing non-bank companies that offer financial services, such as online payments and wallet apps, the agency announced Thursday. The rule covers payment services from Apple, Google and Amazon , as well as firms including PayPal and Block, and will cover peer-to-peer services Venmo and Zelle. Advertisement The apps covered by the new rule process more than 13 billion consumer payments a year, the CFPB said in a statement . "
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