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House nixes CFPB overdraft, larger participant rules
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Consumer Protection, Emerging Technology, Government Oversight, Industry Regulation, Legislation, Nonbank Financial
Friday, April 11, 2025
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The U.S House passed two measures nullifying rules finalized by the Consumer Financial Protection Bureau under the Biden-Harris administration with strong support from Republicans. The resolutions of disapproval targeted the bureau’s rule capping overdraft fees and its larger participant rule, applying to large digital payment providers.
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