Pros & Cons: Forecasting the Impact of the New Administration on the Payments Space
Director of Policy Research, Compass Point Research & Trading, LLC
General Counsel, Wirecard North America, (former President & CEO of NBPCA)
Counsel, Pillsbury Winthrop Shaw Pittman LLP
SVP and Executive Director, Card Policy Council, American Bankers Association
From the potential repeal of all or significant portions of Dodd-Frank to the reshaping of the leadership structure of the CFPB, the consensus is that the new administration will have a substantial impact on the landscape of the financial services industry. With the Republicans controlling the presidency and both houses, Congress can essentially wipe out regulations that have been passed within the past 60 legislative days through the Congressional Review Act. What will this mean for the final CFPB Prepaid Account Rule and other pending regulations such as the anticipated final CFPB Arbitration Rule? We’ve assembled this panel of industry experts and Washington insiders to give you a better sense of how this might all shake out over the next year.