Reed, Brown, Warren Back New CFPB Payment App Rule to Better Protect Consumers & Prevent Fraud
January 31, 2024
January 31, 2024
WASHINGTON, Jan. 31 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:
In an effort to protect consumers and help Americans keep their money safe, U.S. Senators Jack Reed (D-RI), Sherrod Brown (D-OH), and Elizabeth Warren (D-MA) are backing a proposed federal rule that would expand oversight and supervisory authority over big tech companies that offer digital peer-to-peer mobile payment systems and digital wallet services. The senators say that when it comes to pr . . .
In an effort to protect consumers and help Americans keep their money safe, U.S. Senators Jack Reed (D-RI), Sherrod Brown (D-OH), and Elizabeth Warren (D-MA) are backing a proposed federal rule that would expand oversight and supervisory authority over big tech companies that offer digital peer-to-peer mobile payment systems and digital wallet services. The senators say that when it comes to pr . . .