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Congress Repeals Rule That Would Have Subjected Large, Nonbank Digital Wallet & Payment App Providers to CFPB Supervision Topic of White Paper From CRS
June 19, 2025
WASHINGTON, June 19 (TNSLrpt) -- The Congressional Research Service issued the following In Focus white paper (No. IF12935) on June 12, 2025.

The white paper is written by legislative attorney David H. Carpenter, financial economics analysts Karl E. Schneider and Paul Tierno:

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Congress Repeals Rule That Would Have Subjected Large, Nonbank Digital Wallet and Payment App Providers to CFPB Supervision

On December 10, 2024, the Consumer Financ . . .

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