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Digital payment apps continue to grow in popularity, but they don t abide by the same rules as large banks, credit unions, and other financial institutions. The Consumer Financial Protection Bureau CFPB is
stanley cup proposing to change that.The proposed rule, if finalized, would mean about 17 of the largest payment app firms including Apple Pay, Venmo, and Cash App would have to follow consumer protection laws that apply to privacy rights, transferring money, and unfair, deceptive, and abusive acts and practices. Frauds and scams are going to be very high on our list of risks that we re looking for, said Shiva Nagaraj, Senior Counsel with the CFPB. So, this rule would subject the largest non-bank players in the payments market that provide mobile wallets and P2P apps to our examination process. And by examination, I mean that we are going to send CFPB examiners to these firms to make sure that they re following the laws they re su
stanley cup bject to. And that means looking at their books and records, talking to their executives, and looking at real-life transactions with consumers to make sure that they re not violating the law, to make sure that they re keeping consumers funds and data safe. Banks, as you kno
stanley flask w, are subject to very strong oversight from the federal government and the state government. But that s not true for these large tech firms, Nagaraj added. These 17 firms collectively, by our estimates, account for more than 10 billion consumer transactions a year. And in dollar volu Lsio Smash Mouth lead singer Steve Harwell dies at 56
Costco is set to close all its photo centers nationwide next month.According to a bulletin on its Costco Photo Center website titled Important Photo Center Announcement,
stanley cup on Feb. 14, the company is closing all their photo departments at every Costco location.Consumers will still be able to order
stanley cup some items online for delivery, including prints, enlargements, and posters; photo books and calendars, stationery and photo greeting cards, canvas, metal, and acrylic prints; photo blankets and other photo gifts; and business printing products.In the announcement, Costco said services including ink refill, passport photos, photo restoration, and YesVideo home movie transfer s
stanley cups uk ervice wouldn t be available after the centers close.
