United States of America: Bureau of Consumer Financial Protection rule on defining larger participants of a market for general-use digital consumer payment

Progress

Current status
rejected
09 Jan 2025 in force
21 Nov 2024 adopted
08 Jan 2024 processing consultation
07 Nov 2023 in consultation
07 Nov 2023 under deliberation

Scope

Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
consumer protection authority
Implementation Level
national

Timeline of events

09 Jan 2025
in force

Consumer Financial Protection Bureau rule on defining larger participants of a market for general-use digital consumer payment applications entered into force

On 9 January 2025, the Consumer Financial Protection Bureau (CFPB)'s final rule on defining larger participants of a market for general-use digital consumer payment applications entered into force. It requires non-bank financial companies, including…

Source
Event type order
Action type implementation
Government branch executive
Government body consumer protection authority
21 Nov 2024
adopted

Adopted CFPB rule on defining larger participants of a market for general-use digital consumer payment applications

On 21 November 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule on defining larger participants of a market for general-use digital consumer payment applications. The rule will come into force 30 days after publication in th…

Source
Event type order
Action type adoption
Government branch executive
Government body consumer protection authority
08 Jan 2024
processing consultation

Closed consultation on CFPB Rule on defining larger participants of a market for general-use digital consumer payment

On 8 January 2023, the American Consumer Financial Protection Bureau (CFPB) closed the public consultation on the rule on defining larger participants of a market for general-use digital consumer payment, which aims to extend federal oversight to no…

Source
Event type order
Action type consultation closed
Government branch executive
Government body consumer protection authority
07 Nov 2023
in consultation

Opened consultation on the CFPB Rule on defining larger participants of a market for general-use digital consumer payment

On 7 November 2023, the American Consumer Financial Protection Bureau (CFPB) opened a public consultation on the rule on defining larger participants of a market for general-use digital consumer payment, which aims to extend federal oversight to non…

Source
Event type order
Action type consultation opened
Government branch executive
Government body consumer protection authority
07 Nov 2023
under deliberation

Announced CFPB proposal for a rule on defining larger participants of a market for general-use digital consumer payment

On 7 November 2023, the Consumer Financial Protection Bureau (CFPB) announced a proposal for a rule on defining larger participants of a market for general-use digital consumer payment. The proposed rule requires non-bank financial companies, includ…

Source
Event type order
Action type announcement
Government branch executive
Government body consumer protection authority