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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

Under the Proposal, however, they would be subject to heightened scrutiny via routine monitoring, requests for information, and on-site or off-site compliance examinations. Under the Dodd-Frank Act, large non-bank digital consumer payment companies are subject to CFPB enforcement authority.

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 How To Cut The Phishing Lines That Bind Us

PYMNTS

All of this comes against a backdrop where, as Webster said, the bad guys (and gals) have gotten increasingly adept at fashioning sophisticated attacks, using legitimate channels to make phishing attempts appear to be official requests for information or money.

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IPA Joins Forces With FBI to Fight Crime in Payments

Innovative Payments Association

Criminals are working together to get information on companies and their customers. They sell credentials, identities, and even hacking software to one another on the dark web. They also need to know how to verify requests for information or payment. Second, payments providers are up against tough opposition.

FBI