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CFPB Waves White Flag In Prepaid Rule Fight With PayPal

By Sarah Jarvis ( April 22, 2025, 8:47 PM EDT) -- The Consumer Financial Protection Bureau has abandoned its D.C. Circuit defense of a rule that subjected Venmo-style digital wallets to some of the same fee disclosure requirements as reloadable prepaid cards, walking away from an appeal of PayPal's legal challenge to the regulation....

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