Big Tech Payment Apps May Get a Break from CFPB Rule
by Patti Murphy on March 7, 2025 at 3:57 PM
Lawmakers are challenging a CFPB rule that extends oversight to Big Tech payment apps, arguing that the agency is overreaching its authority, while industry groups push back against increased regulation. Welcome to Today in Payments. I’m your host, Patti Murphy, here with your daily d …
Will Big Tech's Payment Oversight Tighten Payments?
by Patti Murphy on March 4, 2025 at 2:57 PM
Regulatory uncertainty looms over Big Tech payment apps as the CFPB's new oversight rule faces challenges amid leadership changes and political debate over the agency’s future.