Changes in federal consumer protection priorities in 2021 are afoot. President Trump’s appointees at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) changed course on a range of consumer protection priorities outlined by former President Obama’s administration, and a change in administration in 2021 will almost certainly have significant implications for federal enforcement and regulation in the consumer financial services space. Indeed, the Chair of the U.S. House Energy and Commerce Committee has already called on FTC to limit, until a change in administration, its activities to “consensus and administrative matters that are non-partisan.” At the same time, the COVID-19 pandemic will continue to drive consumer protection enforcement, particularly in consumer financial matters.
Join us as we discuss the changing consumer protection regulatory landscape, our predictions on priorities in 2021 and beyond, and how companies can best anticipate and adapt to these changes.
Duane C. Pozza
Antonio J. Reynolds
Peter S. Hyun
Stephen J. Obermeier