CBA in the News

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Nick Simpson
  • April 3, 2018
    WASHINGTON — In his first report to Congress as the acting director of the Consumer Financial Protection Bureau, Mick Mulvaney called on lawmakers on Monday to cripple the agency that he has been temporarily tasked with overseeing. Mr. Mulvaney, a longtime and unapologetic critic of the financial crisis-era bureau, has spent the last several months freezing its enforcement activities, dropping...
  • March 19, 2018
    (Bloomberg) -- An appeals court threw out part of a Federal Communications Commission regulation aimed at reducing automated telephone solicitations, weakening a 2015 effort to squelch the scourge of so-called robocalls. The rule was aimed at calls generated by auto-dialing devices. But its language was too broad, and could be construed to prohibit calls from any smartphone, the U.S. Court of...
  • 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 7, 2018
    Private lenders are pushing to break up the government’s near monopoly in the $100 billion-a-year student-loan market. The banking industry’s main lobbying group, the Consumer Bankers Association, is pressing for the government to instate caps on how much individual graduate students and parents of undergraduates can borrow from the government to cover tuition. That would force many families to...
  • March 7, 2018
    CBA's President & CEO Richard Hunt Joins Charles Payne on Varney & Co to discuss the Senate's Bipartisan Banking Bill.
  • February 28, 2018
    WASHINGTON — Financial institutions and retail companies are trading barbs over which industry poses greater risk to sensitive customer information just as lawmakers are planning to take another stab at a data security bill. Bank and credit union trade associations sent a letter to House lawmakers on Wednesday supporting a data security proposal being put forward by Reps. Blaine Luetkemeyer, R-Mo...
  • February 27, 2018
    To the Editor: Re “ The Student Loan Serenity Prayer ,” by Michael Arceneaux (On Campus, Sunday Review, Feb. 11): I sympathize with some of Mr. Arceneaux’s comments, particularly the mountainous debt many students encounter as a result of college unaffordability. To help provide a remedy, we must improve college accountability through risk-sharing of federal student loans, as they make up 92...
  • February 21, 2018
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  • February 14, 2018
    After more than five years at the helm for the Financial Services Roundtable (FSR), former Minnesota Gov. Tim Pawlenty recently announced that he will step down from his post in March. Pawlenty indicated in a press release that he believes he is leaving the advocacy organization as it is well-positioned for future success.