Data / Federal rules / 2024-27836
Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications
The Consumer Financial Protection Bureau published this final rule in the Federal Register on December 10, 2024. It took effect on January 9, 2025.
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What the agency says
The Consumer Financial Protection Bureau (CFPB) issues this rule to define larger participants of a market for general-use digital consumer payment applications. Larger participants of this market will be subject to the CFPB's supervisory authority under the Consumer Financial Protection Act (CFPA). A nonbank covered person qualifies as a larger participant if it facilitates an annual covered consumer payment transaction volume of at least 50 million transactions as defined in the rule, and it is not a small business concern.
Key facts
- Document number
- 2024-27836
- Type
- Final rule
- Action
- Final rule
- Agency
- Consumer Financial Protection Bureau
- Published
- December 10, 2024
- Takes effect
- January 9, 2025
- Dates
- This rule is effective January 9, 2025.
- Docket
- Docket No. CFPB-2023-0053
- Regulation ID (RIN)
- 3170-AB17
- Code of Federal Regulations
- 12 CFR 1090
- Topics
- Consumer protection; Credit
- Pages
- 73
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Everything from the Consumer Financial Protection Bureau · Rules on consumer protection · Rules on credit · Published in December 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.