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

By: techcrunch.com

Nov 22 2024
10
3220 Views

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

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 […]