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.
  • June 7, 2018
    Submitted Electronically: Regulations.gov The Honorable Mick Mulvaney Acting Director Bureau of Consumer Financial Protection 1700 G Street NW Washington, DC 20552 RE: Request for Information Regarding Bureau Rulemaking Processes, Docket No. CFPB-2018-000 9 Dear Acting Director Mulvaney: The Consumer Bankers Association (“CBA”)1 appreciates the opportunity to provide the Bureau of Consumer...
  • June 6, 2018
    NOTE: For the complete oral and written testimony for this hearing, view the PDF file here . Richard Hunt Oral Statement Subcommittee on Financial Institution and Consumer Credit Hearing “Improving Transparency and Accountability at the Bureau of Consumer Financial Protection” June 6, 2018 Chairman Luetkemeyer, Ranking Member Clay, and members of the committee, thank you for having me here today...
  • June 6, 2018
    On Wednesday, June 6, 2018, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing on improving transparency and accountability at the Bureau of Consumer Financial Protection. In the Bureau’s Semi-Annual Report to the President and Congress in April, Acting Director Mulvaney requested that Congress enact four changes to establish greater...
  • June 6, 2018
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt this afternoon testified before the House Financial Institutions and Consumer Credit Subcommittee on ways to improve transparency and accountability at the Bureau of Consumer Financial Protection. Hunt’s written testimony and prepared opening statement are available here . Key excerpts from his remarks are below: “Improving...
  • June 6, 2018
    On Wednesday, June 6, 2018, the Bureau informed interested stakeholders that they would be dismissing current members of the Bureau advisory boards, including the Consumer Advisory Board, and drawing new participants from the current application process to replace them. This comes as a result of the Bureau’s request for information on external engagement. The Bureau noted, “In addition to the...
  • June 4, 2018
    Monica Jackson, Office of the Executive Secretary Bureau of Consumer Financial Protection 1700 G Street NW Washington, DC 20552 Dear Ms. Jackson, The Consumer Bankers Association (“CBA”) appreciates the opportunity to comment on potential changes to the Bureau of Consumer Financial Protection’s (“Bureau”) Public Reporting Practices of Consumer Complaint Information. CBA and its member...
  • June 4, 2018
    WASHINGTON, D.C. – The Consumer Bankers Association today submitted comments on the Bureau of Consumer Financial Protection’s consumer complaint reporting processes. The comments are part of the Bureau’s ongoing requests for information. “CBA members strive to ensure their customers receive a swift and complete review of their complaints and inquiries. In fact, the overwhelming majority of...
  • June 4, 2018
    On Monday, June 4, 2018, CBA submitted comments on the Bureau of Consumer Financial Protection’s consumer complaint reporting processes. The comments are part of the Bureau’s ongoing requests for information. “CBA members strive to ensure their customers receive a swift and complete review of their complaints and inquiries. In fact, the overwhelming majority of complaints filed with the Bureau...
  • June 1, 2018
    My Visit to Huntington Bank – I always enjoy visiting with CBA members and this week I had the pleasure to meet with the folks at Huntington Bank. First and foremost, they are a great group of bankers who work tirelessly on behalf of their customers. We had a lively discussion on the regulatory environment, small-dollar rulemaking, M&A activity and bank innovation. I was glad CBA Board Member...
  • May 29, 2018
    On Tuesday, May 29, 2018, CBA submitted comments on the Bureau of Consumer Financial Protection’s external engagements. The comments are part of the Bureau’s ongoing requests for information. “CBA and its member institutions believe that informed, transparent governing is the best way to produce informed policy that is good for both banks and consumers. A well-functioning Bureau is critical to...

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