CFPB Larger Participants Rule for General-Use Digital Consumer Payment Applications
Current understanding
To be populated as evidence accumulates.
Evidence log
- 2025-02-27 — Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications”.: H.J.Res.64 (House companion) introduced to disapprove the same CFPB Larger Participants Rule for General-Use Digital Consumer Payment Applications under the Congressional Review Act, paralleling S.J.Res.28 which was enacted as P.L. 119-11. (novelty: 2)
- 2025-05-09 — A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications”.: S.J.Res.28 was enacted as Public Law 119-11, nullifying the CFPB final rule that would have brought nonbank general-use digital consumer payment app providers with at least 50 million annual transactions under CFPB supervisory authority. (novelty: 3)
Open questions
Related
Contributing findings
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications".
09-may-2025
novelty 3
per-area 3
introduces
Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications".
27-feb-2025
novelty 2
per-area 2
introduces