U.S. Regulators Want to Treat Apple, PayPal Like Banks

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Source: Gizmodo

The Consumer Finance Protection Bureau (CFPB) proposed to hold big tech accountable to the same regulations that banks are, in a filing Tuesday. If Apple and PayPal offer financial services similar to banks like savings accounts, credit cards, and payments, the CFPB wants to regulate them like it does the banks.

Source: U.S. Regulators Want to Treat Apple, PayPal Like Banks

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