News & Analysis as of June 17, 2025

Regulatory Reform

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UK regulators publish feedback statement on big tech and digital wallets

A&O Shearman on 3/4/2025

The UK Financial Conduct Authority (FCA) and the UK Payment Systems Regulator (PSR) have issued a joint feedback statement on the usage and impact of big tech and digital wallets (FS25/1). The feedback statement was...more

The CFPB proposes federal supervision for Big Tech and other digital payment providers

A&O Shearman on 11/22/2023

In response to what it sees as the growing influence of ‘Big Tech’ and other large technology companies in consumer financial markets, the Consumer Financial Protection Bureau (CFPB) has introduced a proposed rule to...more

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Payment Systems › Big Tech › Regulatory Reform

UK regulators publish feedback statement on big tech and digital wallets

The CFPB proposes federal supervision for Big Tech and other digital payment providers

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