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.
Interested In This Report
Related content
Cobranded Credit Cards 2023
The cobranded card market is a way to generate loyalty, scale your portfolio, and service the next generation of cardholders.
The Credit Card Data Book Part Two: Internal Dynamics
The Credit Card Data Book is a two-part annual publication that covers the internal and external factors affecting the U.S. credit card market. The first part focuses on environmen...
The Credit Card Data Book Part One: Environmental Factors
The U.S. credit market continued its path toward stabilization in 2022 but faced several hurdles, including rising interest rates, strained household budgets, and a highly competit...
Make informed decisions in a digital financial world