Explainer Things: Episode 5

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Extreme Makeover: Payments Edition? The CFPB’s General Counsel, Seth Frotman, spoke to the Innovative Payments Association at its conference this month highlighting three “areas of concern” the agency has about the rapidly changing payments industry. The CFPB is concerned with data harvesting and privacy, specifically with companies using payment data to do individualized marketing or selling payment data to third parties to do so….
By: Akerman LLP
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