CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal [CNBC]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: CNBC
That would include services from Apple and Google, as well as payment firms like PayPal and Block. The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said. The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. Tech giants and payments firms that handle at least 50 million transactions annually will fall under the review, which is meant to ensure the newer entrants adhere to the laws that banks and credit unions abide by, the CFPB said in a release. That would include services from Apple and Google , as well as payment firms like PayPal and Block While the CFPB already had some authority over digital payment companies because of its oversight of electronic fund transfers, the new rule allows it to conduct “proactive examinations” to ensure legal compliance, enabling it t
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PYPL
News
- PayPal Holdings, Inc. (NASDAQ: PYPL) had its "neutral" rating re-affirmed by analysts at Piper Sandler. They now have a $88.00 price target on the stock.MarketBeat
- $170+ Bn Payment Gateway Global Market Opportunities and Strategies to 2033 with Amazon Payments, PayPal, Stripe, Visa, and Fiserv Dominating [Yahoo! Finance]Yahoo! Finance
- PayPal Holdings, Inc. (NASDAQ:PYPL) is largely controlled by institutional shareholders who own 73% of the company [Yahoo! Finance]Yahoo! Finance
- Consumer Financial Protection Bureau finalizes rule to supervise apps like Google Wallet [Yahoo! Finance]Yahoo! Finance
- Regulators will oversee cash apps including Apple, PayPal and Zelle [Yahoo! Finance]Yahoo! Finance
PYPL
Earnings
- 10/29/24 - Beat
PYPL
Sec Filings
- 10/29/24 - Form 10-Q
- 10/29/24 - Form 8-K
- 10/15/24 - Form 4
- PYPL's page on the SEC website