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Digital Currency › Digital Wallets › Consumer Financial Products

McGlinchey Stafford

CFPB’s Designation of Large Digital Wallets Subject to Supervision: Game Changer or Much Ado About Nothing?

McGlinchey Stafford on

The Consumer Financial Protection Bureau (CFPB) recently finalized a rule that will subject the country’s most active digital wallets to ongoing supervision by the agency. Will the CFPB’s new supervisory authorities be a game...more

Wilson Sonsini Goodrich & Rosati

CFPB Proposes New Examination Authority over “Larger Participants” in the Digital Wallet and Consumer Payment App Markets

Wilson Sonsini Goodrich & Rosati on

In a shot across the bow to the digital payments industry, the U.S. Consumer Financial Protection Bureau (the Bureau) has issued a proposed rule to expand its oversight authority to nonbank providers of consumer payment apps....more

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