Consumer Financial Protection Bureau finalizes rule to supervise apps like Google Wallet [Yahoo! Finance]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
The Consumer Financial Protection Bureau finalized a rule expanding its oversight over non-bank wallet apps hosted by big tech companies. Payment services and wallet apps from Apple, Google, Amazon, and others would fall under the CFPB's purview and potential scrutiny. The CFPB argues that once-small wallet apps have grown to become a "critical financial tool," which is why it's expanding its authority and will conduct "proactive examinations" of these companies. The Consumer Financial Protection Bureau (CFPB) today shared a finalized rule that gives it expanded federal oversight over digital wallet apps and payment services, specifically those hosted by non-bank companies. The rule covers corporations handling more than 50 million transactions per year, which includes Apple, Google, and Amazon. Apple Wallet, Google Wallet , and Amazon Pay are just a few of the payment services that may now come under more scrutiny from the CFPB. "Digital payments have gone from novelty to ne
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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
- Regulators will oversee cash apps including Apple, PayPal and Zelle [Yahoo! Finance]Yahoo! Finance
- Apple Pay, Cash App, and other digital wallets will be regulated more like banks now [Verge, The]Verge, The
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