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.
  • July 9, 2018
    July 9, 2018 VIA Electronic Submission Monica Jackson Office of the Executive Secretary Bureau of Consumer Financial Protection 1700 G Street NW Washington, DC 20552 Re: Request for Information Regarding Bureau Financial Education Programs , Docket No. CFPB-2018-0015 Dear Ms. Jackson, The Consumer Bankers Association (“CBA”) appreciates the opportunity to comment in response to the Bureau of...
  • July 6, 2018
    CBA Statement on BCFP Leadership Washington, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Bureau of Consumer Financial Protection Deputy Director Leandra English announced her resignation: “The transition of power at the Bureau was a circus and we could possibly witness it again in five years unless a bipartisan commission is created to...
  • July 6, 2018
    D.C. DOWNLOAD No Rest for the Weary with Bureau’s Comment Letters – CBA’s legal team was busy this week working with members to put the final touches on the Bureau of Consumer Financial Protection’s latest RFI. We submitted comments on the Bureau’s Guidance & Implementation process this Monday and focused on two main goals: first, ensuring the guidance process is transparent and, second,...
  • July 6, 2018
    On July 2, 2018, CBA submitted comments to the Bureau of Consumer Financial Protection’s request for information (RFI) on regulatory and rule guidance and implementation support. The comments focused on ensuring the guidance process is transparent and does not inappropriately circumvent appropriate rulemaking. “CBA’s members frequently rely on the Bureau’s guidance and implementation support to...
  • July 2, 2018
    CBA Submits Comments on BCFP Guidance & Implementation Support Washington, D.C. – The Consumer Bankers Association submitted comments to the Bureau of Consumer Financial Protection’s request for information on regulatory and rule guidance and implementation support. CBA’s comments focused on ensuring the guidance process is transparent and does not inappropriately circumvent appropriate...
  • July 2, 2018
    Submitted via regulations.gov Monica Jackson, Office of the Executive Secretary Bureau of Consumer Financial Protection 1700 G Street NW Re: Request for Information Regarding Bureau Guidance and Implementation Support Dear Ms. Jackson, The Consumer Bankers Association (“CBA”) appreciates the opportunity to comment on the Bureau of Consumer Financial Protection’s (“Bureau”) guidance and...
  • June 29, 2018
    On June 29, 2018, the Bureau of Consumer Financial Protection (BCFP) announced it had settled with Citibank for alleged Truth in Lending Act violations which the company self-reported to the agency. According to the consent order , the Bureau claims the company failed to reevaluate and lower the annual percentage rates (APRs) for approximately 1.75 million consumer credit card accounts and did...
  • June 29, 2018
    D.C. DOWNLOAD Senate Hearing Set for Kraninger’s BCFP Nomination – Late yesterday the Senate Banking Committee announced Kathy Kraninger’s confirmation hearing had been scheduled for Thursday, July 19. This is the first of several steps in the Senate. After the hearing, the Committee will schedule a vote on her nomination before sending it to the full Senate for final confirmation. Senate rules...
  • June 27, 2018
    The Consumer Bankers Association (CBA) offered Monday feedback on requests for information regarding inherited regulations and new rulemaking authorities. The submission stems from the Consumer Financial Protection Bureau seeking input on the guidelines, with CBA focusing on the need for the Bureau to ensure rules reflect changes in technology and consumers bank methods. CBA also commented on...
  • June 25, 2018
    June 25, 2018 Submitted via regulations.gov Monica Jackson, Office of the Executive Secretary Bureau of Consumer Financial Protection 1700 G Street NW Re: Request for Information Regarding the Bureau’s Inherited Regulations and Inherited R ul ema king Authorities (Docket No. CFPB-2018-0012) Dear Ms. Jackson, The Consumer Bankers Association1 (“CBA”) appreciates the opportunity to comment on the...

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