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Nullifies a final rule from the Consumer Financial Protection Bureau that defined which firms count as “larger participants” in the market for general-use digital consumer payment applications. If enacted, the rule published Dec. 10, 2024 would be declared to have no force or effect, removing that regulatory definition and its immediate legal effect.
Official title: 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".
Introduced February 27, 2025 by John Peter Ricketts · Last progress May 9, 2025