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Cryptocurrency Cointelegraph

US consumer finance watchdog sued for treating digital wallets like banks

TechNet and NetChoice are challenging a move by the US Consumer Financial Protection Bureau to regulate payment apps and digital wallets such as Apple Pay, Google Wallet, PayPal, Venmo and Cash App.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

US consumer finance watchdog sued for treating digital wallets like banks

TechNet and NetChoice are challenging a move by the US Consumer Financial Protection Bureau to regulate payment apps and digital wallets such as Apple Pay, Google Wallet, PayPal, Venmo and Cash App.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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