Tech trade groups NetChoice and TechNet sue CFPB for its efforts to regulate digital payment apps like Apple Pay, Google Wallet, and Venmo more like banks (Gaby Del Valle/The Verge)

Gaby Del Valle / The Verge:
Tech trade groups NetChoice and TechNet sue CFPB for its efforts to regulate digital payment apps like Apple Pay, Google Wallet, and Venmo more like banks  —  Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks.