On June 4, 2025, Modern Retail quoted Jonathan Pompan on changes to the Consumer Financial Protection Bureau (CFPB) and how said changes might impact consumers. According to the article, the top of the agency has experienced a major leadership shift under the current administration.
Pompan explained that “while the foundation of consumer protection laws hasn’t changed, the attitudes and focus at the agency have indeed shifted. At the federal level, there’s been a significant deregulatory push at the Consumer Financial Protection Bureau, including attempts at downsizing and signaling to the marketplace a narrower set of priorities compared to what had previously been a broad, expansive agenda,” he said.
Pompan also touched on what is next. “The new regulatory environment could lead to more products or company changes, which in turn could change the experience when people check out on a brand’s or retailer’s website using a BNPL service,” he noted. “By stepping back, the CFPB is offering some operational relief, and that may create a landscape for greater innovation.”
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