CBA in the News

Press Contact

Jacqueline Ortiz Ramsay
jramsay@consumerbankers.com
202-552-6371
  • February 23, 2017
    Republicans and the Consumer Financial Protection Bureau are playing a game of chicken over a proposal that would restrict banks, credit unions and other lenders from using mandatory arbitration clauses. Republicans stand ready to deploy a rarely used legislative process called the Congressional Review Act if the CFPB finalizes the arbitration plan, which would ban clauses that prevent consumers...
  • February 16, 2017
    It’s time to end the merchant markup and keep retailers from passing on their bills to you. Tell your legislator to support customers and small businesses and repeal the Durbin Amendment.
  • February 16, 2017
    A U.S. appeals court on Thursday granted a request from the Consumer Financial Protection Bureau to reconsider an October ruling that allows the president to fire the CFPB director at will. The U.S. Court of Appeals for the D.C. Circuit ruled that it would rehear the October ruling in PHH v. CFPB, which bolstered the long-running campaign by financial groups and Republicans to restructure the...
  • February 16, 2017
    An appeals court on Thursday set aside a ruling that declared the Consumer Financial Protection Bureau constitutionally flawed, handing a lifeline to the agency as Republicans push to weaken its powers. The U.S. Court of Appeals in Washington granted the bureau’s request to rehear the case , in which a three-judge panel also gave the White House authority to remove its independent director,...
  • February 16, 2017
    A full panel of judges will decide whether the structure of the Consumer Financial Protection Bureau is constitutional, according to court documents filed Thursday, throwing a lifeline to the embattled agency. The administration of Donald Trump is hostile to the CFPB , which is charged with protecting consumers from abuse by banks and other financial institutions. The bureau is an independent...
  • February 16, 2017
    A federal appellate court announced Thursday that it would review a decision finding that the structure of the Consumer Financial Protection Bureau is unconstitutional, temporarily undoing an earlier decision that said the president is allowed to fire the agency's director at will. The United States Court of Appeals for District of Columbia Circuit said that the full court would rehear the case,...
  • February 16, 2017
    A U.S. appeals court said on Thursday it will reconsider an October ruling that the Consumer Financial Protection Bureau's structure is unconstitutional, virtually guaranteeing the battle over an agency borne of the financial crisis will reach the Supreme Court. A full panel of 10 judges on the U.S. Court of Appeals for the District of Columbia Circuit will decide the case after hearing oral...
  • February 9, 2017
    WASHINGTON – The Consumer Bankers Association is hoping that moderate Democrats will finally get on board with converting the Consumer Financial Protection Bureau to a five-member commission rather than a single director, despite continued opposition from Sen. Elizabeth Warren, D-Mass., to such a move. The trade group says the “whipsaw effect” of having a single director who can quickly tack the...
  • February 9, 2017
    House Financial Services Chairman Jeb Hensarling is strengthening his attack on the Consumer Financial Protection Bureau and scaling back regulations on bank living wills and stress tests in new legislation expected to be introduced soon, according to a memo obtained by CNBC. The bill is more aggressive than the version of the Financial Choice Act passed by the committee last fall, with some of...
  • February 8, 2017
    WASHINGTON — It has taken seven years to put in place the regulatory strictures imposed on Wall Street after the financial crisis. They won’t be removed fast or easily. President Trump’s Friday directive that set in motion a scaling back of the Dodd-Frank Act was more pageantry than policy, said lawyers and former government officials who worked on the 2010 law. While the expectation for quick...

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