Apple, Google and other tech giants oppose ‘payments’ regulation in the US
Apple, Google and other tech giants oppose ‘payments’ regulation in the US
A group including Apple, Google, Amazon, Meta and X (formerly Twitter) has expressed concerns about the US Consumer Financial Protection Bureau's (CFPB) plan to impose stricter supervision on digital wallets and payment apps. The proposal, which would subject tech companies to the same level of scrutiny as traditional banks, is being criticised by the Computer & Communications Industry Association (CCIA) and the Financial Technology Association, which represents PayPal and Block Inc.
A group including Apple, Google, Amazon, Meta and X (formerly Twitter) has expressed concerns about the US Consumer Financial Protection Bureau's (CFPB) plan to impose stricter supervision on digital wallets and payment apps. The proposal, which would subject tech companies to the same level of scrutiny as traditional banks, is being criticised by the Computer & Communications Industry Association (CCIA) and the Financial Technology Association, which represents PayPal and Block Inc.
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A group including Apple, Google, Amazon, Meta and X (formerly Twitter) has expressed concerns about the US Consumer Financial Protection Bureau's (CFPB) plan to impose stricter supervision on digital wallets and payment apps. The proposal, which would subject tech companies to the same level of scrutiny as traditional banks, is being criticised by the Computer & Communications Industry Association (CCIA) and the Financial Technology Association, which represents PayPal and Block Inc. 
