HJRES. 64In Committee
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".
Nullifies the CFPB rule defining larger nonbank digital consumer payment app participants subject to supervisory authority
Plain-English overview
What this bill does
Nullifies the CFPB rule defining larger nonbank digital consumer payment app participants subject to supervisory authority
Key points
- Repeal CFPB payment app rule
Current status
Where it stands
Status
In Committee
Latest action
2025-02-27 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauFinance and Financial SectorInternet, web applications, social media