Bureau of Consumer Financial Protection December 7, 2021 – Federal Register Recent Federal Regulation Documents

On October 21, 2021, the Consumer Financial Protection (Bureau or CFPB) ordered six large technology companies operating payments systems in the United States to provide information about certain of their business practices. Accompanying the orders, the Director of the Bureau issued a statement and invited interested parties to comment on the inquiry. The statement and request for comment was published in the Federal Register on November 5, 2021, in a document titled, ``Notice and Request for Comment Regarding the CFPB's Inquiry Into Big Tech Payment Platforms.'' The Bureau has determined that a re-opening of the comment period until December 21, 2021, is appropriate.