Payments News Update – November 10, 2023
Posted 11/10/23
Legal and Regulatory Developments
SPOTLIGHT: US Consumer Watchdog Proposes Rules for Big Tech Payments, Digital Wallets
Reuters – November 7, 2023
The top U.S. consumer financial watchdog on Tuesday proposed to regulate tech giants' digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack consumer safeguards.
The Consumer Financial...