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"https://9to5mac.com/2024/11/21/apple-will-now-be-treated-like-a-bank-says-us-consumer-financial-protection-bureau/"
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"Apple will now be treated like a bank, says US Consumer Financial Protection Bureau"
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"The CFPB, a watchdog agency responsible for enforcing federal consumer financial law, has finalized a proposal to treat mobile wallet services like Apple Pay and Google Pay as banks, giving it broader powers to enforce fairness and deal with consumer complaints. Apple Pay will be regulated from next month, with the agency's director stating that mobile payments have become an integral part of people's financial lives."
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