NCL urges lawmakers to protect oversight of payment apps
March 5, 2025: Washington, DC – The National Consumers League (NCL) is calling on lawmakers to vote in favor of maintaining the Consumer Financial Protection Bureau’s (CFPB) larger participants rule, which establishes much-needed oversight of companies that offer services like digital wallets and payment apps—such as Zelle and Apple Pay—and ensures they are properly regulated. The rule protects consumers, making sure that all forms of payment, whether provided by traditional banks or nonbank companies, are secure and trustworthy.







