{"abstract":"The Consumer Financial Protection Bureau (CFPB) issues this rule to define larger participants of a market for general-use digital consumer payment applications. Larger participants of this market will be subject to the CFPB's supervisory authority under the Consumer Financial Protection Act (CFPA). A nonbank covered person qualifies as a larger participant if it facilitates an annual covered consumer payment transaction volume of at least 50 million transactions as defined in the rule, and it is not a small business concern.","action":"Final rule.","agencies":[{"raw_name":"Consumer Financial Protection Bureau","name":"Consumer Financial Protection Bureau","id":573,"url":"https://www.federalregister.gov/agencies/consumer-financial-protection-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/573","parent_id":null,"slug":"consumer-financial-protection-bureau"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2024/12/10/2024-27836.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1090","title":12}],"citation":"89 FR 99582","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This rule is effective January 9, 2025.","disposition_notes":null,"docket_ids":["Docket No. CFPB-2023-0053"],"dockets":[{"supporting_documents":[],"agency_name":"CFPB","documents":[{"comment_count":0,"comment_start_date":"2024-12-10","updated_at":"2024-12-10T10:01:43.218-05:00","comment_url":"https://www.regulations.gov/commenton/CFPB-2023-0053-0068","allow_late_comments":false,"id":"CFPB-2023-0053-0068","comment_end_date":null,"regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"CFPB-2023-0053","title":"Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"}],"document_number":"2024-27836","effective_on":"2025-01-09","end_page":99654,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2024/12/10/2024-27836.xml","html_url":"https://www.federalregister.gov/documents/2024/12/10/2024-27836/defining-larger-participants-of-a-market-for-general-use-digital-consumer-payment-applications","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2024-27836?publication_date=2024-12-10","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2024-12-10/2024-27836/mods.xml","not_received_for_publication":null,"page_length":73,"page_views":{"count":3104,"last_updated":"2026-06-16 20:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-12-10/pdf/2024-27836.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-27836.pdf?1733751918","publication_date":"2024-12-10","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2024/12/10/2024-27836.txt","regulation_id_number_info":{"3170-AB17":{"issue":"202410","html_url":"https://www.federalregister.gov/regulations/3170-AB17/defining-larger-participants-of-a-market-for-general-use-digital-consumer-payment-applications","title":"Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202410&RIN=3170-AB17&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3170-AB17"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/3170-AB17/defining-larger-participants-of-a-market-for-general-use-digital-consumer-payment-applications","title":"Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications"},"comments_count":0,"agency_id":"CFPB","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=CFPB-2023-0053","supporting_documents_count":0,"docket_id":"CFPB-2023-0053","document_id":"CFPB-2023-0053-0068","regulation_id_number":"3170-AB17","title":"Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications","checked_regulationsdotgov_at":"2024-12-11T14:00:25Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":99582,"subtype":null,"title":"Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications","toc_doc":"Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications","toc_subject":null,"topics":["Consumer protection","Credit"],"type":"Rule","volume":89}