Disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications".

This joint resolution tells the Consumer Financial Protection Bureau that its recent rule on how to identify larger participants in the digital consumer payment‑app market is disapproved. By passing the resolution, Congress prevents the rule from becoming enforceable, affecting the CFPB’s regulatory authority and any companies that would have been subject to the new definition.