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".

HJRES 64 is a joint resolution disapproving a rule issued by the Bureau of Consumer Financial Protection (CFPB) that defined "larger participants" in the market for general-use digital payment applications. The resolution directs Congress to reject the rule (published in the Federal Register on December 10, 2024), stating it shall have no force or effect. This action directly affects the CFPB’s regulatory authority over digital payment platforms, specifically targeting how the agency classifies major companies in this sector. The resolution does not create new policy but formally overturns the CFPB’s existing rule on this matter.