Became Public Law No: 119-11.
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On December 10, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule bringing certain nonbank digital payment and digital wallet companies under its supervisory regime, allowing the CFPB to subject these companies to reporting requirements and examinations. The CFPB estimated that the rule woul…
In 2010, through enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank, P.L. 111-203), Congress established the CFPB to implement and enforce federal consumer financial law for certain financial products and institutions. Dodd-Frank consolidated in the CFPB certain consumer financial r…
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