Office Of Competition And Innovation news and trends

Quick Reads
CFPB Proposes Oversight for Big Tech and Digital Wallet Providers

November 07, 2023
In a move to ensure consumer protection and regulatory oversight, the Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps. This proposal announced Tuesday (Nov. 7) comes as digital payment apps and wallets, driven largely by Big Tech and other large technology firms, […]