Hacker News new | past | comments | ask | show | jobs | submit login

Amazon, Apple, Google, Intuit and PayPal are lobbying for national regulation of money transmitters to solve that problem. They have a lobbying front, "Financial Innovation Now", for this.[1] What they want reads like a giveaway to the "payday loan" business, though. They want federal preemption of state usury laws.

[1] https://financialinnovationnow.org/wp-content/uploads/2017/0...




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: