{"id":18150,"date":"2014-09-11T11:41:02","date_gmt":"2014-09-11T15:41:02","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=18150"},"modified":"2014-09-11T11:41:52","modified_gmt":"2014-09-11T15:41:52","slug":"has-apple-pay-just-put-apple-in-the-cfpbs-crosshairs","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2014\/09\/11\/has-apple-pay-just-put-apple-in-the-cfpbs-crosshairs\/","title":{"rendered":"Has Apple Pay Just Put Apple in the CFPB\u2019s Crosshairs?"},"content":{"rendered":"<p><em>Naked Capitalism<\/em> has the post <a title=\"The Real News Network interview\" href=\"http:\/\/www.nakedcapitalism.com\/2014\/09\/apple-pay-just-put-apple-cfpbs-crosshairs.html?utm_source=feedburner&amp;utm_medium=email&amp;utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29\" target=\"_blank\">Has Apple Pay Just Put Apple in the CFPB\u2019s Crosshairs?<\/a><\/p>\n<blockquote><p>&#8230;Apple\u2019s newly announced Apple Pay service puts Apple under the CFPB\u2019s jurisdiction but[sic] virtue of having made itself a regulated financial institution. And Levitin means all of Apple\u2019s consumer services, not just Apple Pay. He believes that Apple is now a \u201cservice provider\u201d under the Consumer Financial Protection Act. That makes Apple subject to CFPB examination and UDAAP.<\/p>\n<p>What, say you, is UDAAP? UDAAP stands for \u201cunfair, deceptive, or abusive acts and practices\u201d. UDAAP is the CFPB\u2019s most feared power.<\/p><\/blockquote>\n<p>Chalk up another win for Elizabeth Warren.\u00a0 Somebody has to put the brakes on Apple taking over everything.\u00a0 As Microsoft&#8217;s evil empire declines, there is Apple ready to move in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has the post Has Apple Pay Just Put Apple in the CFPB\u2019s Crosshairs? &#8230;Apple\u2019s newly announced Apple Pay service puts Apple under the CFPB\u2019s jurisdiction but[sic] virtue of having made itself a regulated financial institution. And Levitin means all of Apple\u2019s consumer services, not just Apple Pay. He believes that Apple is now [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-18150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/18150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=18150"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/18150\/revisions"}],"predecessor-version":[{"id":18152,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/18150\/revisions\/18152"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=18150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=18150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=18150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}