The Senate has voted to overturn key regulations that granted the Consumer Financial Protection Bureau supervision over payment services operated by platforms such as PayPal, Google, and Apple. The largely party-line 51-47 vote on Wednesday is part of a broader campaign by the Trump administration to defang the CFPB,
A Consumer Financial Protection Bureau rule targeting digital payment platforms run by Apple Inc., Alphabet Inc.'s Google, and Meta Platforms Inc.'s Facebook is one step closer to repeal after the Senate voted to eliminate it.
To promote American global competitiveness, antitrust policy should focus on consumer welfare and reducing impediments to business efficiency and innovation.
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