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.
  • March 22, 2018
    On Thursday, March 22, 2018, the CFPB issues its Request for Information (RFI) on the Bureau’s inherited regulations and inherited rulemaking authorities. This is the ninth in a series of RFIs announced from the Bureau in an effort to assess the overall efficiency and effectiveness of its rulemaking processes. The next RFI in the series will address the Bureau’s guidance and implementation...
  • March 20, 2018
    On Tuesday, March 20, 2018, the CFPB granted CBA extension requests. The CID comment letter is now due on April 26, the adjudication comment letter is now due on May 7, and the enforcement comment letter is now due on May 14. Please see the updated information on the following pages of the Bureau’s website: https://www.consumerfinance.gov/policy-compliance/notice-opportunities-comment/open-...
  • March 19, 2018
    A bipartisan group of House members on Wednesday released a bill that would replace the director of the controversial Consumer Financial Protection Bureau (CFPB) with a five-person commission. The bill from Reps. Dennis Ross (R-Fla.), Kyrsten Sinema (D-Ariz.), Ann Wagner (R-Mo.) and David Scott (D-Ga.) would rename the CFPB and replace its director with a bipartisan panel. While the bill would...
  • March 14, 2018
    A bipartisan group of two Democrats and two Republicans in the House of Representatives introduced a bill yesterday that would replace the single director of the Consumer Financial Protection Bureau with a five-person commission. The bill, from Reps. Dennis Ross (R-Fla.), David Scott (D-Ga.), Kyrsten Sinema (D-Ariz.), and Ann Wagner (R-Mo.), would rename the CFPB to the Financial Product Safety...
  • March 14, 2018
    WASHINGTON – The Consumer Bankers Association today strongly endorsed legislation, H.R. 5266, introduced in the U.S. House of Representatives establishing a Senate-confirmed, bipartisan commission at the Consumer Financial Protection Bureau (CFPB). The bipartisan legislation was introduced by Representatives Dennis Ross (R-Fla.) and Kyrsten Sinema (D-Ariz.) and cosponsored by Representatives...
  • March 9, 2018
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today sent a letter to Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Charles Schumer (D-N.Y.) expressing support for S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, as well as urging Congress to act on legislation bringing about a bipartisan commission at the Consumer...
  • March 9, 2018
    Your Guide to a Great CBA LIVE Journey — We are ready for CBA LIVE 2018: Beyond the Bank. Returning for our ninth year — yes, CBA LIVE has been running for nine years straight — nearly 1,500 senior banking leaders, including more than 650 bankers and 200 speakers, will join us in Orlando for a conference they will not soon forget. Each year, the conference continues to grow and members of Team...
  • March 9, 2018
    The Honorable Mitch McConnell Majority Leader U.S. Senate S-230, U.S. Capitol Washington, D.C. 20510 The Honorable Charles Schumer Minority Leader United States Senate S-211, U.S. Capitol Washington, DC 20510 Dear Majority Leader McConnell and Minority Leader Schumer: On behalf of the Consumer Bankers Association (CBA), I write to express our support for S. 2155, the Economic Growth, Regulatory...
  • March 8, 2018
    On Thursday, March 8, 2018, the CFPB issued its final rule aimed at giving mortgage servicers more latitude in providing statements to consumers entering or exiting bankruptcy, as required by the CFPB’s 2016 mortgage servicing rule. The Truth in Lending Act requires mortgage servicers to provide periodic statements to borrowers, and the Bureau has developed sample forms for servicers to use. The...
  • March 7, 2018
    On Wednesday, March 7, 2018, the CFPB issued its request for information on the Bureau’s rulemaking processes. This is the seventh RFI so far to come from the Bureau in an effort to assess the overall efficiency and effectiveness of its rulemaking processes. The next RFI will be released next week and address the Bureau’s adopted rules. The Bureau anticipates issuing RFIs on the following topics...

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