WASHINGTON—Today, NetChoice and TechNet voluntarily dismissed our lawsuit against the Consumer Financial Protection Bureau (CFPB), marking the final nail in the coffin for the agency’s misguided and unlawful “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Application” rule.
We didn’t need to finish this fight in court because Congress and President Donald Trump already delivered the knockout punch. Using the Congressional Review Act, lawmakers rejected the CFPB’s blatant regulatory overreach with the passage of S.J. Res. 28, which the President signed on May 9, 2025.
“This outcome represents not just a victory for the rule of law, but a win for every American who benefits from innovation in digital payments,” said Chris Marchese, NetChoice Director of Litigation. “The Biden CFPB’s unlawful power grab would have crushed emerging payment technologies under the weight of bureaucratic red tape while doing nothing to actually protect consumers. Congress saw through the agency’s thinly veiled attempt to expand its authority beyond its lawful boundaries, which our lawsuit underscored.”
NetChoice will continue to stand as the first line of defense against regulatory overreach threatening America’s digital future. When government agencies step outside their lane, we’ll be there to vigorously defend free expression and free enterprise—in the courts, in Congress and in the court of public opinion.
Read our notice of voluntary dismissal here. Learn more about TechNet & NetChoice v. CFPB here.
Please contact press@netchoice.org with inquiries.