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Reuters

Reuters

Tech groups sue US CFPB to block rule on payment apps, digital wallets

Reuters
Summary
Nutrition label

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

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links