Apple Pay, Cash App, and other digital wallets will be regulated more like banks now from the Verge Emma Roth

Illustration: Hugo Herrera / The Verge Major digital payment providers will soon be subject to bank-like supervision from the US Consumer Financial Protection Bureau (CFPB). On Thursday, the CFPB issued a final rule that will regulate digital payment apps that process over 50 million transactions each year, covering services like Apple Pay, Google Wallet, PayPal,…

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