Home Gadgets U.S. Regulators Want to Treat Apple, PayPal Like Banks

U.S. Regulators Want to Treat Apple, PayPal Like Banks

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The Consumer Finance Protection Bureau (CFPB) proposed to hold big tech accountable to the same regulations that banks are, in a filing Tuesday. If Apple and PayPal offer financial services similar to banks like savings accounts, credit cards, and payments, the CFPB wants to regulate them like it does the banks.

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Source: gizmodo.com