Source: Fox News
by Lynn Westmoreland
“Many Americans were surprised to recently see a coalition of the country’s most radical politicians — Sen. Elizabeth Warren, D-Mass., Rep Maxine Waters, D-Calif., and Sen. Richard Blumentha l, D-Conn., to name a few — teaming up to introduce heavy-handed legislation against the peer-to-peer payment companies (like PayPal, Venmo, Zelle and CashApp) that have improved all our lives. Blumenthal even went so far as to dispatch a separate letter to the head of the Consumer Financial Protection Bureau (CFPB) demanding an investigation into Zelle. I wasn’t surprised to see any of these developments. When I served on the U.S. Congress’[s] Financial Services Committee, including its Subcommittee on Financial Institutions and Consumer Credit, I can’t tell you how many times I witnessed my Democratic colleagues attempt to directly or indirectly knife these upstart payment processors.” (08/28/24)
https://www.foxnews.com/opinion/far-left-wants-crush-paypal-zelle-can-take-bank