Lee and Jimmie discuss the CFPB's new proposal to supervise non-bank digital wallets and payment apps. They also comment on Elon Musk's efforts to turn X into a full service finance app.

Lee’s Twitter: @leereiners

Jimmie’s Twitter: @jimmie_lenz

Related Links:

CFPB PRoposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps: https://www.consumerfinance.gov/about-us/newsroom/cfpb-proposes-new-federal-oversight-of-big-tech-companies-and-other-providers-of-digital-wallets-and-payment-apps/

Elon Musk gives X employees a year to turn app into finance platform: 'You won't need a bank account': https://nypost.com/2023/10/27/business/elon-musk-gives-x-employees-a-year-to-turn-app-into-finance-platform/