PayPal sues US Consumer Financial Protection Agency against new rules

According to foreign media news today, PayPal has filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) against the new rules because the new rules introduced by the latter require PayPal to report too strictly and restrictively on its digital wallets. It is reported that the Consumer Financial Protection Bureau (CFPB) previously announced new rules to regulate prepaid cards to avoid money laundering. PayPal said in a lawsuit filed in the US District Court for the District of Columbia that the rules for prepaid cards do not apply to digital wallets, and the principle is completely different from digital wallets.