Learning from the US Model of Financial Consumer Protection In yesterday’s article, we discussed the urgent need for a centralised consumer financial protection agency in the EU — a “European CFPB.” Today, we delve deeper into the competencies of the U.S. Consumer Financial Protection Bureau (CFPB) and compare them to
Europe Needs Its Own CFPB: Time to Rethink Consumer Protection in Payment Services As the European Union finalises its landmark Payment Services Regulation (PSR) and PSD3, we find ourselves at a critical turning point. The proposed rules under Article 59 PSR rightly aim to strengthen consumer protection in cases of
The Trump administration’s decision to halt the activities of the US Consumer Financial Protection Bureau (CFPB) is a critical misstep with potentially far-reaching consequences for American consumers. Established in response to the 2008 financial crisis, the CFPB has played a crucial role in promoting financial fairness, transparency, and accountability. Rolling
