PayPal’s lawsuit against the Consumer Financial Protection Bureau entered a new phase on
As a reminder, the CFPB is appealing Judge Richard Leon’s opinion in PayPal v. CFPB issued on December 31, 2020. Please note that in its Opening Brief filed in August, the CFPB makes it clear that the “sole question presented by the decision below (in U.S. District Court by Judge Richard Leon) is whether the Bureau has statutory authority to adopt the short-form disclosure requirements.”
In the latest episode of the IPA Payments Pod, we talk with Brian Tate, the IPA’s CEO, and Chris Stromberg, our head of government relations, about the possible outcomes for the case and what the suit might mean in the context of some of the Bureau’s other recent actions.
Once you are done listening, you can find the recording of the oral arguments in the case here: https://www.cadc.uscourts.gov/recordings/recordings2021.nsf/B648C0D7905E3B97852587E50059E02D/$file/21-5057.mp3
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