House Votes to Repeal CFPB Rule on Consumer Payment Apps
The House of Representatives passed a Congressional Review Act resolution Wednesday (April 9), overturning the Consumer Financial Protection Bureau’s (CFPB) rule, “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications.” The resolution (H.J.Res.64) says that Congress disapproves the rule and “such rule shall have no force or effect.” It passed in a…
