Far left wants to crush PayPal, Zelle and you can take that to the bank
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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’ 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.
Most Americans
