US Consumer Financial Protection Bureau proposes new rule to oversee Big Tech digital wallet and payment app providers • NFCW

The US Consumer Financial Protection Bureau (CFPB) is proposing to subject large non-bank companies that offer…

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CFPB issues proposal to supervise nonbank providers of digital wallets and payment apps

The CFPB has issued a proposed rule to supervise nonbank companies that qualify as larger participants…

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CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies…

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Executive Order on artificial intelligence includes actions impacting consumer financial service providers

On October 29, the Biden Administration issued a broad Executive Order (Order) on artificial intelligence (AI). …

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Proposed new AFSL exemptions for foreign financial service providers

The Australian Government has announced it is consulting on additional Australian financial services license (AFSL) exemptions…

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