At the end of 2020, PayPal won an initial victory in its lawsuit against the Consumer Financial Protection Bureau in the U.S. District Court for the District of Columbia. On December 30, Judge Richard Leon granted summary judgment for PayPal on two motions.
In the latest episode of the IPA Payments Pod, 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 decision is likely to be appealed, 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.
You can listen to the episode here, or wherever you get your podcasts. Please subscribe and leave us a review on your favorite podcast help to help others find the show.
Write something about yourself. No need to be fancy, just an overview.