Should Venmo be treated like a bank? 

Well, that's the subject of a new proposal in Washington to make payment services like Apple Pay, Cash App and Venmo subject to the same regulations as other financial institutions, a plan tech companies are NOT happy with. 

For more on this, KCBS Radio's Holly Quan was joined by Ian Sherr, CBS News Tech contributor.

Should Venmo be treated like a bank? 
Well, that's the subject of a new proposal in Washington to make payment services like Apple Pay, Cash App and Venmo subject to the same regulations as other financial institutions, a plan tech companies are NOT happy with. 
For more on this, KCBS Radio's Holly Quan was joined by Ian Sherr, CBS News Tech contributor.

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