CFPB will supervise tech companies offering digital wallets, like Apple Pay, Google Pay and Venmo, by treating companies with 50M+ annual transactions as banks (Paige Smith/Bloomberg)

Paige Smith / Bloomberg:
CFPB will supervise tech companies offering digital wallets, like Apple Pay, Google Pay and Venmo, by treating companies with 50M+ annual transactions as banks  —  The US Consumer Financial Protection Bureau will now treat those companies more like banks as long as they handle …