SJRES. 28Became Law
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".
Nullifies the CFPB rule defining which large nonbank digital payment app companies are subject to agency supervision
Plain-English overview
What this bill does
Nullifies the CFPB rule defining which large nonbank digital payment app companies are subject to agency supervision
Key points
- Repeal CFPB payment app rule
Current status
Where it stands
Status
Became Law
Latest action
2025-05-09 — Became Public Law No: 119-11.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresCongressional oversightConsumer affairsConsumer Financial Protection BureauFinance and Financial SectorInternet, web applications, social media