Apple will now be treated like a bank

Data and identity custodians become money custodians, and vice versa. U.S. CFPB requires that banks export personal data when authorized by consumers, laying the groundwork for commercial data vaults. Could a Personal Data Vault on Mac Mini be connected to Apple Private Cloud Compute (PCC) LLM?

https://www.consumerfinance.gov/about-us/newsroom/cfpb-final...

> The rule requires financial institutions, credit card issuers, and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request for free.. Consumers will be able to access, or authorize a third party to access, data such as transaction information, account balance information, information needed to initiate payments, upcoming bill information, and basic account verification information. Financial providers must make this information available without charging fees. The rule moves the United States closer to having a competitive, safe, secure, and reliable “open banking” system.

Will Facebook return to the digital currency business? https://en.wikipedia.org/wiki/Diem_(digital_currency)

> Will Facebook return to the digital currency business?

Good question. Probably not, especially after this. If you handle other peoples' money, you have legal responsibilities. Facebook hates that.