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Lawmakers rekindle investigation into digital payment platforms
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Banking, Consumer Protection, Data Privacy, Emerging Technology, Government Oversight
Tuesday, July 15, 2025
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Three Democratic leaders rekindled investigative efforts into illegal activity reported on Zelle and other peer-to-peer payment platforms. The Consumer Financial Protection Bureau filed a lawsuit against three of the nation’s largest financial institutions with an ownership stake in the platform but dropped the suit in March.
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