It will give the CFPB the authority to oversee their compliance with federal laws surrounding privacy, fraud, and other rules through “proactive examinations.”
It’s to help stop scams, not for people trying to use them as a bank or something.
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Do people store their money in these things? I use Google pay quite often, but it draws the money from the bank at the time of payment
It’s to help stop scams, not for people trying to use them as a bank or something.