Jan 13, 2021
At the end of 2020, PayPal won an initial victory in its lawsuit against the Consumer Financial Protection Bureau. In this episode, Brian Tate, the Innovative Payments Association’s CEO, talks about what the decision means for the payments industry. He covers the practical implications for payments companies and the potential regulatory and legislative fallout.
The ball is now in the CFPB court to make a decision whether to appeal, so this likely is only the beginning of a long saga between the industry and regulators. Policy discussions informed by the arguments may play out on a different timetable or in tandem. Either way, the decision sets the stage for a number of conversations around the future of payments regulation.