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Apple, Google and Venmo fight new U.S. plan to monitor payment apps [Yahoo! Finance]
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- in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send money to family and friends. But the prospect of heightened federal oversight has sparked deep and wide-ranging unease throughout the tech industry, triggering a lobbying offensive that aims to limit the government's power to monitor mobile wallets, accounts or other digital payment services. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. The spats have occurred with little fanfare on Capitol Hill and at the Consumer Financial Protection Bureau, which unveiled its proposal for new tech scrutiny in November. The agency seeks to subject the largest payment apps and services - from money-transferring tools like Cash App, for example, to the smartphone wallets offered by Apple and Google - to the same rigorous checkups as their brick-and-mortar predecessors. In practice, the CFPB would gain the ability to c
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