TechNet & NetChoice v. CFPB

Chris Marchese

Litigation Center Director

Key Takeaways:

The Consumer Finance Protection Bureau (CFPB)’s unlawful overreach into digital payments is about increasing government control—not helping American consumers. NetChoice is suing the CFPB and Director Rohit Chopra with TechNet to protect consumers, businesses and innovation from overzealous bureaucrats misusing their authority to inappropriately expand government power over the American economy.

What's At Stake

Unlawful Power Grab: The CFPB has exceeded its authority by attempting to regulate digital payments, thwarting the rule of law and violating separation of powers.
Chopra’s Quest for Control: CFPB Director Rohit Chopra has advocated to expand government control over innovative businesses, distorting market dynamics and prioritizing bureaucratic agendas over consumer needs.
Disregard for Consumers: The CFPB rule prioritizes further ballooning its authority over addressing actual consumer needs, leading to higher prices, less competition and reduced product availability.
Acting as a Roadblock to Innovation: The CFPB’s overreach stifles innovation, discourages market entry—especially for small businesses—and risks making the U.S. resemble Europe’s dwindling innovation ecosystem.

Case Brief

Case Status: Complaint Filed

Latest Update: January 16, 2025

Attorneys:
Andrew Pincus Andrew Olmem

Firms:
Mayer Brown

Timeline

U.S. District Court for the District of Columbia
January 16, 2025; Complaint filed

NetChoice joined TechNet in a lawsuit to protect American consumers, businesses and innovation from the Consumer Financial Protection Bureau (CFPB) and Director Rohit Chopra’s attempted power grab over digital payments. The lawsuit has been filed in the U.S. District Court for the District of Columbia.

The CFPB’s rule exceeds the agency’s authority and unlawfully expands government power over the American economy. This blatant overreach is less about protecting consumers and more about overzealous bureaucrats consolidating government control over one of the most innovative sectors of the economy.

Protecting consumers should mean encouraging innovation, not smothering it under the weight of inappropriate, unlawful regulation. NetChoice stands committed to promoting innovation, consumer choice and proper balance of power in America’s digital economy.

Read the complaint filed January 16, 2025, here.