Back view of male artist painting portrait of black woman on easel against lamp during work in spacious workshop

CFPB Highlights Risks of Storing Funds in Digital Payment Apps

Start
On June 1, the CFPB published an issue spotlight and a consumer advisory detailing the risks associated with storing funds on digital payment apps, particularly in the event of a platform’s financial distress. Specifically, the issue spotlight presented the following findings with respect to consumer funds stored on payment apps:……
By: Sheppard Mullin Richter & Hampton LLP
Previous Story

CareNet Medical Group, PC Confirms Data Breach Following Recent Cyberattack

Next Story

Public-to-private deals continue their hot streak