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The long-anticipated move by CFPB Director Rohit Chopra, who built his career targeting Big Tech over privacy and competition issues, gives a competitive boost to lenders grappling with an onslaught of new rules from capital hikes and caps on debit and credit cards fees to tougher fair lending standards. ....
Apple Pay: If finalized, the proposal would cover about 17 companies that together send more than 13 billion payments annually, according to a CFPB official. The agency declined to name the other platforms that would be covered beyond GooglePay, ApplePay, PayPal and CashApp. ....
Jack Dorsey’s Block reports earnings after the market close on Thursday, and investors will be watching closely to see if the departure of key executives and technical. ....
Billionaire Jack Dorsey’s Block reported better-than-expected earnings and raised 2023 adjusted cash flow (ebitda) guidance by more than $1.5 billion, contingent on tearing down silos. ....