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CFPBRulemakingCFPB-2023-0053

Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications

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Bank Policy Institute filed 1 comment on this docket between Jan 8, 2024 and Jan 8, 2024. 13 other organizations filed here. The comment window closed 932d ago.

What Bank Policy Institute filed (1)

Jan 8, 2024· Comment from The Clearing House Association and the Bank Policy Institute· CFPB-2023-0053-0046

Attached, please find comments from The Clearing House Association and the Bank Policy Institute.

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Abstract

SUMMARY: The Consumer Financial Protection Bureau (CFPB) proposes a rule to define a market for general-use digital consumer payment applications. The proposed market would cover providers of funds transfer and wallet functionalities through digital applications for consumers’ general use in making payments to other persons for personal, family, or household purposes. Larger participants of this market would be subject to the CFPB’s supervisory authority under the Consumer Financial Protection Act (CFPA). ADDITIONAL INFORMATION: For more information about commenting on CFPB’s Notices, please visit us at : https://www.consumerfinance.gov/rules-policy/notice-opportunities-comment/commenting-on-notices/

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Co-filers (13)

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