It's written like it's a strange thing: > role is normally limited to banks and financial services companies. Was anyone expecting a system that handles 6 tri

It's written like it's a strange thing: > role is normally limited to banks and financial services companies. Was anyone expecting a system that handles 6 trillion dollars a year to not fall under financial regulatory purview? Which I realise is not the actual thrust of the rule change (obviously they were already under some regs already), but it's just such an odd intro. Apple withdrawing Pay Later when it became clear they'd need to comply with lending regs is quite telling too. Presumably they were attempting to sneak in the back door and claim "it's tech not banking" and got told they're not above the law when the Truth in Lending Act was confirmed to cover the system.