Thursday, November 21, 2024

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 …



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Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., boosted by Galaxy S25 and legacy DRAM sales (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg : Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., bo...