The podcast we are releasing today is part 1 of a re-purposed webinar we produced on March 25 titled “The Impact of the Election on the CFPB – Part 4.” As a result of the diminishing impact of the CFPB on enforcing the consumer financial services laws, we expect that void to be filled by state government enforcement agencies and private civil litigation, including class and mass actions.… Continue Reading
consumer finance
This week’s podcast episode: A close look at the impact of antitrust laws on the consumer financial services industry
By Barbara S. Mishkin on
The consumer financial services industry has become the target of increasing regulatory scrutiny under antitrust laws as well as class action antitrust litigation that challenges industry practices on the grounds that they undermine competition. We first provide an overview of the federal antitrust laws, discuss the Biden Administration’s focus on competition, and the wide remedies available under antitrust laws. … Continue Reading
This week’s podcast: What will 2022 hold for the consumer finance industry–a conversation with special guests Evan Weinberger, Correspondent at Bloomberg Law, and Jon Hill, Senior Banking Reporter at Law360
By Barbara S. Mishkin on
Posted in Podcasts, Regulatory and Enforcement
In this wide-ranging conversation with two experienced reporters on the consumer finance industry, we discuss differences between the current CFPB and the Trump-era CFPB, including with regard to areas of regulatory and enforcement focus such as UDAAP, consumer access to financial information, small business issues, and fair lending. We also discuss the potential implications of the current CFPB’s interest in buy-now-pay-later and its inquiry into large technology companies that offer payment services. … Continue Reading