#X announced it struck a deal w/ #Visa to soon offer a mobile payments service, cementing the card giant as the first major partner in a feature called "#XMoneyAccount."

This service would be directly regulated by the #CFPB under expanded #oversight powers it had finalized late last year allowing the agency to police things like #privacy issues, #fraud & how disputed transactions are handled at mobile payment #apps….

#law #ElonMusk #regulation #finance #tech #Cybersecurity #InfoSec #security