CFPB Proposes New Examination Authority over “Larger Participants” in the Digital Wallet and Consumer Payment App Markets

CFPB Proposes New Examination Authority over “Larger Participants” in the Digital Wallet and Consumer Payment App Markets

In a shot across the bow to the digital payments industry, the U.S. Consumer Financial Protection Bureau (the Bureau) has issued a proposed rule to expand its oversight authority to nonbank providers of consumer payment apps. These apps include digital wallets, funds transfer services, and P2P apps—for both U.S. dollar payments and, surprisingly, also bitcoin … Read more

How WSDOT is preparing the roads for winter travel

How WSDOT is preparing the roads for winter travel

Snowfall coming to the Cascades The shift from fall to winter has begun in the Cascades. Tuesday afternoon, snow started falling at Stevens Pass. SEATTLE – The shift from fall to winter has begun in the Cascades. Tuesday afternoon, snow started falling at Stevens Pass. The Washington State Department of Transportation wants drivers to prepare … Read more