House introduces bill to overturn CFPB rule on digital payment applications
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Table of Contents
A member of the House of Representatives has introduced a bill that would overturn a specific rule recently issued by the Bureau of Consumer Financial Protection (CFPB).
Why it matters: This is a procedural move intended to stop a specific regulatory definition from taking effect. Its practical impact depends entirely on whether the bill passes and is signed into law.
Who it affects
- Digital consumer payment application companies
This information comes from Congress.gov regarding the CFPB; readers should consult the official text of the bill before relying on this summary.
Agency: House
Source: Congress.gov — read the official document