Regulators will oversee cash apps including Apple, PayPal and Zelle [Yahoo! Finance]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
The rule covers payment services from Apple, Google and Amazon, as well as firms including PayPal and Block, and will cover peer-to-peer services Venmo and Zelle. The apps covered by the new rule process more than 13 billion consumer payments a year, the CFPB said in a statement "Digital payments have gone from novelty to necessity and our oversight must reflect this reality," said CFPB Director Rohit Chopra . "The rule will help to protect consumer privacy, guard against fraud and prevent illegal account closures." Mega Tech companies such as Amazon and Apple, as well as large payment firms that handle at least 50 million transactions a year, will be required to adhere to the law, which is meant to ensure that they are held to the same laws that traditional banks and credit unions abide by, the CFPB said. This new rule will also allow the CFPB to more closely monitor newer entities to the financial scene, such as the tech companies and payment apps, that have sidestepped muc
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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
- 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