CFPB

Enactment of the Dodd-Frank Act created the Consumer Financial Protection Bureau, an agency charged with carrying out federal consumer financial laws. We are focused on retail banking products and services, making CBA the industry resource on the CFPB. Our insights and analysis on CFPB-related issues, along with the latest news and information, provides our members with the necessary tools to navigate this new regulatory environment.
  • December 12, 2017
    December 12, 2017 The Honorable Barry Loudermilk The Honorable Josh Gottheimer U.S. House of Representatives U.S. House of Representatives 218 Cannon House Office Building 213 Cannon House Office Building Washington, D.C. 20515 Washington, D.C. 20515 Dear Representatives Loudermilk and Gottheimer: On behalf of the Consumer Bankers Association (CBA), I would like to express our support of H.R...
  • December 8, 2017
    CBA LIVE Speakers Announced: CEOs of Citizens Bank and Bank of the West CBA LIVE is proud to announce two powerhouse additions to our speaker lineup. Former CBA Board member and current Bank of the West President and CEO Nandita Bakhshi will team up with Citizens Financial Group, Inc. Chairman and CEO Bruce Van Saun to discuss disruption, innovation, moving beyond conventional thinking and their...
  • December 6, 2017
    On Wednesday, December 6, 2017, the CFPB Ombudsman’s Office published its annual report highlighting the office’s selection as one of four case studies in an Administrative Conference of the US study on the use of ombudsmen in federal agencies, how the Ombudsman’s Office can assist the Bureau, internal and external engagement, and examples of how the Office resolves issues. In the report, the...
  • December 5, 2017
    gave the bureau to insulate its work from interference. But the GOP could do little to stop the bureau while Cordray was in charge. Congress doesn’t control the CFPB’s funding, and former President Obama would have vetoed any major legislative changes to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the 2010 bill that created agency. All that has changed after Cordray’s exit. In...
  • December 5, 2017
    December 5, 2017 The Honorable Mike Crapo Chairman Senate Banking Committee 239 Dirksen Senate Office Building Washington, D.C. 20001 Dear Chairman Crapo: On behalf of the Consumer Bankers Association (CBA), I write to express our appreciation for your leadership in crafting S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. S. 2155 marks the first major bipartisan bill...
  • December 3, 2017
    The Consumer Financial Protection Bureau is now the star of a bizarre legal and bureaucratic drama, a Rome-versus-Avignon power struggle unfolding a block from the White House. The resignation of the bureau’s director, Richard Cordray, has created a soap-opera succession battle tailor-made for the frenzied Washington news cycle, with two dueling officials claiming his job and furious partisans...
  • December 1, 2017
    Commission Would Have Prevented CFPB Leadership Turmoil Former CFPB Director Richard Cordray first assumed his position under a legal cloud and he left the same way. From his resignation to the appointment of two separate acting CFPB directors to legal battles and protests, this week has been a circus for the CFPB. To recap, here is an abbreviated version of what took place: On Black Friday:...
  • November 29, 2017
    On Wednesday, November 29, 2017, the Fed, OCC, and FDIC issued a final rule revising regulations implementing the Community Reinvestment Act (CRA). The final rule amended the definitions of “home mortgage loan” and “consumer loan” to align with changes to CFPB Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The final rule also amended CRA public file content requirements...

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