Chamber of Progress: CFPB Goes After Fintech in Finalized 'Larger Participant' Rule
November 22, 2024
November 22, 2024
MCLEAN, Virginia, Nov. 22 -- Chamber of Progress, a center-left tech industry policy coalition promoting a progressive future, issued the following news on Nov. 21, 2024:
* * *
Rule requires fintechs to comply with banking regulations
* * *
Today, the Consumer Financial Protection Bureau (CFPB) finalized a controversial rule to bring a range of nonbank companies under formal federal supervision. The so-called 'larger participant' rule will requ . . .
* * *
Rule requires fintechs to comply with banking regulations
* * *
Today, the Consumer Financial Protection Bureau (CFPB) finalized a controversial rule to bring a range of nonbank companies under formal federal supervision. The so-called 'larger participant' rule will requ . . .