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Digital Wallets

A person holding a smartphone with a digital wallet app displaying a credit card, preparing to use contactless payment at a card reader.
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Apple Pay, Cash App, and Other Digital Wallets Face Bank-Like Regulations

The rapidly evolving landscape of digital payments is entering a new chapter. Apple Pay, Cash App, PayPal, Google Wallet, and other popular digital wallets will soon be held to the same regulatory standards as banks. This follows a landmark rule issued by the US Consumer Financial Protection Bureau (CFPB). Digital wallets face bank-like regulations going…

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