Big Tech payment apps are the ‘holy grail’ of surge pricing, says ...

Key Words Big Tech payment apps are the ‘holy grail’ of surge pricing, says CFPB’s Chopra ‘Companies want transaction data so they know how much you’re willing to pay,’ the regulator said ... Read More

CFPB expands oversight of Big Tech payment apps

The Consumer Financial Protection Bureau (CFPB) has finalised a rule that will see it supervise tech giants such as Apple and Google that offer digital payment apps and wallets. 2 21 November 2024 ... Read More

One Tech Tip: These Are the Apps That Can Now Avoid Apple's In-App ...

That's because Spotify long ago removed the in-app payment option in protest against Apple's practice of requiring that digital subscriptions be bought only through iOS apps while taking a ... Read More

CFPB proposes federal oversight for digital wallets, payment apps

The CFPB estimated that the regulation would cover about 17 providers of general-use digital consumer payment apps that meet the rule’s transaction threshold. Read More

Big Tech in the CFPB’s Crosshairs: Bureau Proposes to Supervise ...

Specifically, the CFPB seeks to supervise large nonbanks that provide peer-to-peer (P2P) payments, funds transfers, or wallet functionalities through a digital payment application. Read More

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

Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from ... Read More

Republicans Are "Throwing Consumers to the Wolves," Says Waters on Big ...

Republicans Are "Throwing Consumers to the Wolves," Says Waters on Big Tech Payment Bill. ... Big Tech Payment Scams Act,” warning it would block oversight of payment apps like Venmo and Cash App. Read More

Are payment apps systemically important? CFPB's Chopra thinks so

Last year, the agency requested information from Cash App, Venmo and its parent company PayPal, as well as Big Tech-backed payment platforms such Apple Pay and Google Pay about their management of ... Read More

Big Tech payment apps are the ‘holy grail’ of surge pricing, says ...

The practice of “surge” or “dynamic” pricing is common in markets ranging from airlines to supermarkets — and U.S. regulators are concerned that the growing role of tech giants will ... Read More

One Tech Tip: These are the apps that can now avoid Apple’s in-app ...

That’s because Spotify long ago removed the in-app payment option in protest against Apple’s practice of requiring that digital subscriptions be bought only through iOS apps while taking a ... Read More

Tech Groups Sue US CFPB to Block Rule on Payment Apps, Digital Wallets

Reuters. FILE PHOTO: Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly/File Photo ... Read More