Regulatory Two-Step: Changes at CFPB Will Reflect the New Administration
- Date:December 23, 2020
- Author(s):
- Brian Riley
- Research Topic(s):
- Credit
- PAID CONTENT
Overview
The Consumer Financial Protection Bureau (CFPB) achieved many wins on behalf of the American public in eight years, but Pres. Obama’s and Pres. Trump's political inclinations influenced enforcement strategies. Under President Biden, expect the CFPB to return to its roots.
Credit card issuers, and lenders in general, should prepare for the shift and consider the consumer’s financial position. In this go-round, the focus will be inclusion, pricing, and consideration for the consumer’s ability to repay.
Book a Meeting with the Author
Related content
Honor All Cards: The U.S. Credit Card Model Takes a Hit
The Honor All Cards principle—that any merchant with a Visa and/or Mastercard sticker in the window accepts all card products on those networks—could be undermined by a recent sett...
2026 Credit Payments Trends
The U.S. credit card market is healthy and strong, but performances among banks diverge along size lines. Large issuers have been able to better curate their customers through acqu...
Young Borrowers: Riskier Than Ever...and the Future of Credit Cards
The future of credit cards rests with younger consumers, in the 18-to-29 age range, and not with their parents and grandparents. Here’s the rub, though: These consumers are a much ...
Make informed decisions in a digital financial world