Friday, 22 November 2024

Apple Pay, Cash App, PayPal and other apps to be treated more like banks

by BD Banks

Some digital services look like banks, act like banks, but aren’t banks — meaning they can, for instance, close down your account without notice. Or be difficult to contact when you want to dispute fraud. This is about to change: the U.S. Consumer Financial Protection Bureau (CFPB) has just ruled that all digital services that […]

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