Congress disapproves a rule by the Bureau of Consumer Financial Protection on defining larger participants in digital payment markets.
This bill disapproves a rule submitted by the Bureau of Consumer Financial Protection regarding the definition of larger participants in the market for general-use digital consumer payment applications. The rule, which was published on December 10, 2024, is declared to have no force or effect. This action effectively nullifies the rule's impact on the financial sector and digital payment systems.
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