Mass. Bank Regulators Get Power Over Venmo, CashApp
A new bill has been signed by Gov. Maura Healey that gives the state’s banking regulators oversight over peer-to-peer payment apps like Venmo, PayPal and CashApp.
Mass. Money Transmission Bill Protects Consumers, Levels Regulatory Playing Field
by Banker & Tradesman | Mar 24, 2024
Massachusetts residents send billions of dollars every year using money transmission platforms like Venmo, PayPal and CashApp – but with zero state consumer protections.
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