A joint resolution 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".

This resolution would cancel a rule made by the Consumer Financial Protection Bureau (CFPB) that was published on December 10, 2024. The canceled rule had given the CFPB the power to oversee large payment app companies that are not banks and that handle at least 50 million transactions per year. By undoing this rule, these large payment app companies would no longer fall under the CFPB's oversight authority.

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