On November 7, 2023, the Consumer Financial Protection Bureau ("CFPB") proposed a new rule, to be codified at 12 C.F.R. ยง 1090.109, that would bring general-use digital payment processors who process more than five million...more
11/28/2023
/ Broker-Dealer ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Cryptocurrency ,
Debit Cards ,
Electronic Payment Transactions ,
Financial Services Industry ,
FinTech ,
Proposed Rules ,
Securities and Exchange Commission (SEC) ,
Technology Sector
On January 4, 2021, the Chief Counsel of the Office of the Comptroller of the Currency ("OCC") issued an interpretive letter ("IL 1174") on the permissibility of national banks to use independent node verification networks...more