Matthew Donnelly, VP of Solutions and Finance at FreedomPay, discusses the rise of contactless transactions like Apple Pay and Samsung Pay and how his company is streamlining that process. Donnelly weighs in on FreedomPay's use of the Cloud and how it streamlines peer to peer transactions. We dig into the security risks and the repercussions if contactless transactions are able to be hacked.

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Trump Administration Shutters Consumer Protection Agency
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
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