1y ago

Consumer Finance Protection Bureau wants to regulate Venmo, Apple Cash like banks | Digital wallets and payment applications would be affected by move.

arstechnica.com Consumer Finance Protection Bureau wants to regulate Venmo, Apple Cash like banks

Digital wallets and payment applications would be affected by move.

Consumer Finance Protection Bureau wants to regulate Venmo, Apple Cash like banks | Digital wallets and payment applications would be affected by move.::Digital wallets and payment applications would be affected by move.

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Anything the CFPB wants to regulate I’m 100% in favor of. The CFPB is an AMAZING tool to push back against corps with horrible customer service (to be fair Apple’s customer service has always been good for me). I’ve used the CFPB to get a corp to reply to me after brushing me off.
If money is involved at all and a business is giving you the run around I encourage you to file a complaint. They have to contact you with a few days and they actually want (or are required) to solve your issue.
- The customer service might feel good, but it's very overpriced, overreaching and thus in my opinion bad. Additionally there are close to no alternatives, thanks to apple being anti consumer.