Capitol Account

Capitol Account

Banks and Fintechs Push for More Proactive CFPB

Also, final briefs in Illinois swipe fee case debate OCC preemption notice; Electronic Payments Coalition and TIAA hire new lobbyists

May 07, 2026
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Sponsored by U.S. Bank. Small enough to care, big enough to make a difference.

Defenders of the CFPB often argue that the Trump administration’s dismantling of the agency has been a gift to financial firms, but the real story is more nuanced. While there’s no question companies are cheering on the bureau’s deregulatory turn, many still want an active con…

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