The Consumer Financial Protection Bureau proposed a new regulation to apply consumer financial protection rules to nonbank firms that offer payment apps and digital wallets.
JPMorgan CEO Jamie Dimon plans to sell a portion of his family’s holdings in the bank for the first time, offloading 1 million of the 8.6 million shares, according to an SEC filing.
PayPal on Monday rolled out a U.S.-dollar back stablecoin PayPal USD (PYUSD), becoming the first major fintech firm to introduce a digital currency for payments and transfers.