The once-siloed world of
digital payments regulation is experiencing a jolting realignment. In a
surprising display of international cooperation, the US Consumer Financial
Protection Bureau (CFPB) and the European Commission have joined forces to
tackle the burgeoning fintech industry. Since last July, these financial
watchdogs have been conducting a series of hushed meetings, their focus
narrowed on the vanguard of financial technology – a realm teeming with
“buy now, pay later” (BNPL) schemes, tech giants wielding digital
wallets, and…
