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.
  • May 23, 2018
    The Office of the Comptroller of the Currency (OCC) on Wednesday pushed U.S. banks to offer short-term loans to customers with troubled credit histories, a practice shunned by the regulator five years ago. The OCC announced a new policy on short-term, small-dollar loans Wednesday meant to encourage banks to compete in a space now dominated by storefront “payday” lenders with high-interest rates...
  • May 23, 2018
    Regulator Presses for Revival of Small, Short-Term Loans Trump-appointed regulator wants bank to start making riskier loans to compete with payday lenders
  • May 21, 2018
    WASHINGTON – The Consumer Bankers Association, Consumer Mortgage Coalition and Financial Services Roundtable today submitted comments on the supervision process at the Bureau of Consumer Financial Protection. The comments are part of the Bureau’s ongoing requests for information. “CBA and CBA member banks have always supported the Bureau’s mission and believe regulatory supervision is an...
  • May 21, 2018
    May 21, 2018 VIA EMAIL AND COURIER Monica Jackson Office of the Executive Secretary Bureau of Consumer Financial Protection 1700 G Street NW Washington, DC 20552 Re: Request for Information Regarding the Bureau’s Supervision Program, Docket No. CFPB-2018-0004 Dear Ms. Jackson, The Financial Services Roundtable,1 the Consumer Bankers Association,2 and the Consumer Mortgage Coalition3 (collectively...
  • May 18, 2018
    May 18, 2018 The Honorable Paul Ryan Speaker U.S. House of Representatives H-232, U.S. Capitol Washington, D.C. 20515 The Honorable Nancy Pelosi Minority Leader U.S. House of Representatives H-204, U.S. Capitol Washington, DC 20515 Dear Speaker Ryan and Minority Leader Pelosi: On behalf of the Consumer Bankers Association (CBA), I write to express our support for S. 2155, the Economic Growth,...
  • May 18, 2018
    WASHINGTON HAPPENINGS In a Fortnight – Two Items on CBA’s watch list ahead of Memorial Day include: A House Vote on Senate Banking Bill – The Senate’s regulatory relief bill, which CBA supports, is expected to receive a vote in the House this Tuesday, May 22 . McWilliams Confirmation as FDIC Head – President Trump’s nominee to head the FDIC Jelena McWilliams is expected to receive a confirmation...
  • May 14, 2018
    May 14, 2018 VIA EMAIL AND COURIER Monica Jackson Office of the Executive Secretary Bureau of Consumer Financial Protection 1700 G Street NW Washington, DC 20552 Re: Request for Information Regarding Enforcement Processes, Docket No. CFPB-2018-0003 Dear Ms. Jackson, The Financial Services Roundtable, [1] Consumer Bankers Association, [2] and Consumer Mortgage Coalition [3] (collectively, the...
  • May 14, 2018
    WASHINGTON – The Consumer Bankers Association, Consumer Mortgage Coalition and Financial Services Roundtable today submitted comments to the Bureau of Consumer Financial Protection’s request for information on the effectiveness and efficiency of the Bureau’s enforcement of federal consumer financial laws. The request also asked for information detailing any appropriate changes to the process. “...
  • May 11, 2018
    DRIVING THE CONVERSATION Rumor Mill Churns: McWatters as Bureau Director? – There is plenty of buzz in D.C. surrounding President Trump’s potential nomination of National Credit Union Administration Board Chair Mark McWatters as the next Director of the Bureau of Consumer Financial Protection (Bureau). We have had conversations with McWatters, as well as many other potential candidates for the...
  • May 8, 2018
    WASHINGTON — The House on Tuesday repealed controversial 2013 guidance by the Consumer Financial Protection Bureau that allowed it to go after indirect auto lenders. The vote was a big win for Republicans trying to rein in the agency. Read more .

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