United States of America: Filed public lawsuit against Consumer Financial Protection Bureau’s supervision rule for digital payment providers (TechNet and NetChoice v CFPB)
Description
Filed public lawsuit against Consumer Financial Protection Bureau’s supervision rule for digital payment providers (TechNet and NetChoice v CFPB)
On 16 January 2025, TechNet and NetChoice initiated legal proceedings in the District Court for the District of Columbia against the Consumer Financial Protection Bureau (CFPB), contesting the legality of the latter's regulation that renders "larger…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court