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Regulatory Agenda › Dodd-Frank Wall Street Reform and Consumer Protection Act › Payment Processors

Skadden, Arps, Slate, Meagher & Flom LLP

CFPB Finalizes Rule To Subject Large Payment Apps to Direct Supervision

Skadden, Arps, Slate, Meagher & Flom LLP on

On November 21, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule that deems payment app providers “larger participants” subject to the agency’s direct supervision (Rule)....more

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