U.S. Regulators Want to Treat Apple

US Regulators Seek to Handle PayPal and Apple Like Banks

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In a filing on Tuesday, the Consumer Finance Protection Bureau (CFPB) suggested that huge digital companies be subject to the same laws as banks. If PayPal and Apple provide bank-like financial services like credit cards, savings accounts, and payments, the CFPB wants to regulate them in the same way that it regulates banks. The organisation … Read more

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