Musical Chairs at the Regulatory Agencies

IPA Payments Pod

Changes are coming in the leadership of the financial regulatory agencies. The Consumer Financial Protection Bureau got a new director last year. The chair of the Federal Deposit Insurance Corp. has announced she is resigning, and the Office of the Comptroller of the Currency still only has an acting director. As the openings are filled, the regulatory climate will change for the financial services industry.

In this episode Brian Tate, the IPA’s CEO, and Chris Stromberg, the head of government relations, talk about what all these changes might mean and how some of the recent actions by the agencies provide clues as to their priorities.