Congress Repeals Rule That Would Have Subjected Large, Nonbank Digital Wallet and Payment App Providers to CFPB Supervision

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Report metadata

Identifier

IF12935

Version

9

Product type

Resources

Status

Active

Published

Jun 12, 2025

Source updated

Jun 17, 2026, 8:38 am UTC

Authors: Karl E. Schneider, David H. Carpenter, Paul Tierno

Source topics: Consumer Finance Protection, Financial Technology Innovation

Politically.com intentionally does not reproduce the report summary or full text. Use the official Congress.gov links above to read the product in its source context.

Structured Congress.gov references

Related federal bills

• HJRES 64Disapproving 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".
  119th Congress
• SJRES 28A 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".
  119th Congress