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ARTICLE · 12 DECEMBER 2024

Weekly News Roundup: CFPB Finalizes Rule To Supervise Popular Digital Payment Apps

Goodwin Procter LLP
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In this issue. The Consumer Financial Protection Bureau (CFPB) finalized a rule on federal oversight of popular digital payment apps...

United StatesTechnology
Josh Burlingham
Josh Burlingham
Samantha Kirby
Samantha Kirby
William McCurdy
William McCurdy
Nikki Cary
Nikki Cary
Andrew Kliewer
Andrew Kliewer
Nico Ramos
Nico Ramos
Grace Willingham
Grace Willingham

In this issue. The Consumer Financial Protection Bureau (CFPB) finalized a rule on federal oversight of popular digital payment apps; the CFPB proposed a rule to regulate the sale of sensitive personal data by data brokers; the Federal Deposit Insurance Corporation (FDIC) updated guidance on advertising and use of the FDIC official signs, name, and logo; the Office of the Comptroller of the Currency (OCC) increased 2025 assessment rates for national banks and federal savings associations; and the CFPB issued final rules announcing the annual adjustments to Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA) thresholds for 2025. These and other developments are discussed in more detail below.

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