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Expert Analysis

CFPB May Be Moving To Regulate Mobile Financial Services

Law360, New York (June 30, 2014, 10:32 AM EDT) -- The relative newness of mobile financial services as a technology has generated many questions regarding the regulatory treatment of such services, as well as questions regarding the roles and responsibilities of the various payment system participants. Yet, the ubiquity of smartphones in the hands of consumers enables new ways for consumers and businesses to interact. It is this confluence of technological developments and the delivery of financial services via smartphones that has captured the attention of policymakers and generated a regulatory buzz about mobile financial services....

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