CBA in the News

Press Contact

Jacqueline Ortiz Ramsay
jramsay@consumerbankers.com
202-552-6371
  • December 9, 2016
    In a letter to Senate leaders, the heads of four banking industry associations argued that the Consumer Financial Protection Bureau should be led by a bipartisan commission, rather than an individual director. The push comes months after an appeals court held that the current structure gives the CFPB director too much power. The leadership structure of one of the more controversial federal...
  • December 8, 2016
    WASHINGTON, Dec 7 (Reuters) - Bank lobbying groups are pressing the U.S. Senate to once again work on reforming the country's consumer financial watchdog agency - but this time around they may see those changes become reality. In a letter to Senate leaders released on Wednesday the groups, including the Consumer Bankers Association and the Credit Union National Association, called for legislation...
  • December 8, 2016
    Four associations representing 12,000 banks and credit unions submitted a letter to Senate leaders urging them to consider replacing the Consumer Financial Protection Bureau (CFPB)’s single-director structure with a five-person bipartisan commission next year. The associations listed in the letter, which was sent on Wednesday to Senator Majority Leader Mitch McConnell (R-Ky.) and Minority Leader-...
  • December 8, 2016
    As the Consumer Financial Protection Bureau reported that it handled approximately 27,000 complaints in October, four industry associations delivered a letter this week to the Senate’s top leaders, urging the bureau’s structure be modified to create a five-person, bipartisan board. The letter addressed to Sen. Mitch McConnell, the majority leader, and Sen. Chuck Schumer, who has been elected to...
  • December 7, 2016
    FIRST LOOK: FINANCIAL TRADES PUSH ON CFPB — The Consumer Bankers Association, the Credit Union National Association, the Independent Community Bankers of America, and the National Association of Federal Credit Unions are sending a letter to Congress on Wednesday pushing for substantial changes to the CFPB. Via a person familiar with the effort: “These trades have been working with both parties to...
  • December 7, 2016
    Six years ago, when President Obama signed the Dodd-Frank Act into law, America’s retailers got a big reduction in the debit-card fees they pay banks. Now, with Donald J. Trump set to take office, they’re preparing for a lobbying fight to defend that legislative victory -- and the billions they’ve saved as a result. Retail industry trade groups are rallying their base to try to beat back a part...
  • December 7, 2016
    Bank and credit union groups this morning urged Congress to replace the Consumer Financial Protection Bureau’s single-director leadership structure with a five-member bipartisan governing board. The letter cited high levels of uncertainty about pending CFPB regulations, adding that a recent federal appeals court ruling “clearly demonstrated a sole director leadership model is fragile, uncertain,...
  • December 7, 2016
    Bank lobbying groups are pressing the U.S. Senate to once again work on reforming the country's consumer financial watchdog agency - but this time around they may see those changes become reality. In a letter to Senate leaders released on Wednesday the groups, including the Consumer Bankers Association and the Credit Union National Association, called for legislation to change the leadership of...
  • December 7, 2016
    President-elect Donald Trump treated more than 800 donors to a play-by-play of election-night drama at a New York breakfast fundraiser on Wednesday, according to two people who attended the event. Trump’s recounting of his emotions on Nov. 8 took up the bulk of his remarks at the restaurant Cipriani, with one attendee relaying that Trump said he expected to lose and take a vacation with his wife...
  • December 2, 2016
    The historic announcement by the Office of the Comptroller of the Currency granting national bank charters to fintech firms is exposing the stark differences between banks in their approach to the upstarts that are disrupting the industry. Representatives of larger banks praised the limited charter principles for setting high standards, while community banks — more threatened by the emerging...

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