VIP NEWS
House Financial Services Committee Members Demand More Time to Debate New Digital Payment Proposal
Leading members of the U.S. House Financial Services Committee, Chairman Patrick McHenry, Subcommittee Chairman French Hill, and Representative Mike Flood, have requested an extension of the public comment period for the CFPBâs proposed rule on digital consumer payment applications. This request centers on the committeeâs concerns over the ruleâs potential impact on the digital asset industry and its demand for a more comprehensive stakeholder review.
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