TechNet & NetChoice v. CFPB

Chris Marchese

Litigation Center Director

Key Takeaways:

Victory: NetChoice and TechNet voluntarily dismissed this case on May 20, 2025, after Congress and President Trump invalidated the misguided and unlawful Biden-era rule.
The CFPB’s unlawful overreach into digital payments is about increasing government control—not helping American consumers. NetChoice sued 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: NetChoice and TechNet Voluntarily Dismiss Lawsuit

Latest Update: May 20, 2025

Attorneys:
Andrew Pincus Andrew Olmem

Firms:
Mayer Brown

Timeline

U.S. District Court for the District of Columbia
January 16, 2025: Complaint filed
U.S. District Court for the District of Columbia
May 20, 2025: NetChoice & TechNet secure victory, file dismissal

NetChoice and TechNet filed to voluntarily dismiss this case on May 20, 2025, after Congress and President Trump invalidated the misguided and unlawful Biden-era rule, “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Application.”

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 CFPB’s rule exceeded the agency’s authority and unlawfully expands government power over the American economy. This blatant overreach was 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.