Tech groups sue US CFPB to block rule on payment apps, digital wallets

By Yahoo! Finance   |   4 days ago
Tech groups sue US CFPB to block rule on payment apps, digital wallets

Tech trade groups sued the U.S. Consumer Financial Protection Bureau over a rule granting authority over non-bank payment apps. They argue the regulator overstepped its mandate without identifying consumer risks. The lawsuit aims to block the rule, raising concerns about stifling innovation and increasing prices.

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