Lawsuit Challenges CFPB's Digital Wallet Rule
This is a news story, published by Yahoo Finance, that relates primarily to the U.S. Consumer Financial Protection Bureau news.
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CFPBReuters
•Tech groups sue US CFPB to block rule on payment apps, digital wallets
79% Informative
Two tech trade groups sue the U.S. Consumer Financial Protection Bureau to block a new rule.
The rule gives the regulator supervisory authority over payment apps and digital wallets from large non-banks.
The CFPB said it would help give consumers who use big technology companies for processing payments the same protections they enjoy at banks.
VR Score
90
Informative language
97
Neutral language
54
Article tone
formal
Language
English
Language complexity
63
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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