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Image illustrating CFPB digital wallet protection proposal
CFPB

CFPB Proposes Enhanced Protections for Digital Wallet Users

The CFPB aims to extend consumer protection standards to digital wallets, requiring compensation for hacking losses and including stablecoins under the Electronic Funds Transfer Act. This rule coul...

CFPBElon Musk advocating abolition of the CFPB on social media.

Elon Musk Advocates for Abolishing the CFPB: Implications and Insights

Billionaire Elon Musk calls for the abolition of the Consumer Financial Protection Bureau (CFPB), highlighting redundancy in regulatory agencies. His remarks align with GOP efforts to reduce federa...

CFPBCFPB logo discussing digital payment regulations excluding cryptocurrencies

CFPB Finalizes Rules Limiting Digital Payment Platforms to USD Transactions

The CFPB has finalized rules on digital payment platforms, restricting oversight to US dollar transactions while excluding crypto assets. This move follows industry opposition to earlier proposals....