Golden Finance reported that the Consumer Financial Protection Bureau (CFPB) finalized a regulation on November 21 to provide rules for regulating large non-bank companies that provide digital fund transfer and payment Wallet applications. The regulation will help CFPB ensure that these companies (especially those that process more than 50 million transactions annually) comply with federal laws, just like large banks, credit unions, and other financial institutions that CFPB already regulates. CFPB estimates that the most widely used applications covered by this regulation process more than 13 billion consumer payment transactions annually.