Follow
https://techcrunch.com/2024/11/21/apple-pay-paypal-cash-app-will-be-treated-more-like-banks/
"Apple Pay, Cash App, PayPal and other apps to be treated more like banks
Some digital services look like banks and act like banks, but aren’t banks — meaning they can, for instance, close down your account without notice. Or be difficult to contact when you want to dispute fraud.
This is about to change: the U.S. Consumer Financial Protection Bureau (CFPB) has just ruled that all digital services that handle a significant number of transactions should be subject to bank-like supervision. The government agency will gain new powers around incorrect transactions, fraudulent activity, data privacy, and more."
Maybe relevant to #FreeSpeech?
"Debanking: Given the volume of payments consumers make through many popular payment apps, consumers can face serious harms when they lose access to their app without notice or when their ability to make or receive payments is disrupted. Consumers have reported concerns to the CFPB about disruptions to their lives due to closures or freezes."
#FreeSpeech #HumanRights