Overview
Members of Steptoe’s Financial Services team, partners Alan Cohn, Andrew Owens, and Coy Garrison along with associates Evan Abrams, Sophia Breggia, and Vito Arethusa authored an article published by Law360 titled “CFPB As Pay App Watchdog May Invite More Fintech Regs.”
The article discusses how the Consumer Financial Protection Bureau announced a notice of proposed rulemaking that would establish CFPB supervisory authority over certain nonbank companies "participating in a market for 'general-use digital consumer payment applications.'
