
On December 16, 2024, the Consumer Financial Protection Bureau (CFPB) published a special edition of its Supervisory Highlights, detailing various unlawful activities identified by its examiners within the student loan markets. Additionally, the CFPB has issued a risk-based supervision order concerning a major technology company. Following this, on December 17, 2024, the CFPB's final rule aimed at enhancing oversight of large digital payment app providers is set to take effect on January 9, 2025. This rule was established under 12 U.S.C. § 5514(a)(1)(B) and grants the CFPB supervisory authority over nonbank entities recognized as larger participants in the general-use digital consumer payment applications market.
On Nov. 21, 2024, the @CFPB issued a final rule, pursuant to 12 U.S.C. § 5514(a)(1)(B), to establish supervisory authority over nonbank entities identified as larger participants in the general-use digital consumer payment applications market. #GTAlert: https://t.co/bQeEdPs8R2. https://t.co/4IMqVkOIMR
CFPB’s Final Rule Enhancing Oversight of Large Digital Payment App Providers Goes into Effect Jan. 9 – Are You Ready? https://t.co/0CwgnESlIF @GT_Law #cfpb #onlinebanking #protectconsumers https://t.co/uadgK3sK2d
DoD Issues Proposed Rule for New Disclosures on Foreign Review of Computer Code https://t.co/pbxaQ2bqXD | by @SheppardMullin
