Apple Wallet
Tech groups sue US CFPB to block rule on payment apps, digital wallets
Two technology trade groups sued to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks.
Two technology trade groups sued to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks.
Silicon Valley tech giants who process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision.
Corporate giants Goldman Sachs and Apple will pay $89 million for violations of consumer protection laws in their joint credit card business.