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Final Rules

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New CFPB Larger Participant Rule Boosts Oversight of Major Digital Payment Providers

Sheppard Mullin Richter & Hampton LLP on 11/25/2024

On November 21, the CFPB announced the arrival of its finalized larger participant rule (the “Rule”) regulating nonbank companies offering digital funds transfer and payment wallet applications to consumers....more

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New CFPB Larger Participant Rule Boosts Oversight of Major Digital Payment Providers

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