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The CFPB introduces new rules for large digital payment firms, facing legal challenges from tech companies.
The Consumer Financial Protection Bureau (CFPB) has set new rules to oversee major digital payment companies, including those processing over 50 million transactions annually, to protect consumers from risks like unauthorized fees and privacy issues.
However, trade groups representing tech giants like Apple, Google, and PayPal have sued the CFPB, arguing the agency oversteps its authority and risks stifling innovation.
The lawsuit seeks to invalidate the new rule, potentially altering the regulatory landscape for digital payments.
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El CFPB introduce nuevas normas para las grandes empresas de pagos digitales, que se enfrentan a desafíos legales de las empresas tecnológicas.