Nearing the Finish Line: What to Expect from the CFPB in an Election Year

Under Director Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) has been exceptionally active, proposing a myriad of new regulations, seeking to expand the reach of its supervisory authority to non-traditional financial institutions, laying down markers on the CFPB’s bona fides as a competition regulator, and vigorously pursuing enforcement against many of the participants in the payments ecosystem. But despite all this activity, there is a lot the CFPB is looking to finish in 2024, including before the Congressional Review Act comes into play. This session will detail what the payments industry can expect from the CFPB in 2024 as it sprints to the end of the President’s first term.