CBA in the News

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • 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...
  • 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
    Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy . Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here . https://www.ft.com/content/8b384298-1693-11e8-9376-...
  • 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.
  • January 31, 2018
    A duo of bills passed in the U.S. House of Representatives on Monday (Jan. 29) that would curb financial abuse of senior citizens and also ease the way for consumers residing in rural areas to open their bank accounts via remote means. As reported on Tuesday (Jan. 30) in American Banker , the law targeting elder abuse , which was part of previously introduced legislation, titled the Senior Safe...
  • January 31, 2018
    A federal appeals court ruled Wednesday the Consumer Financial Protection Bureau's single-director structure is constitutional, reversing an earlier federal decision that the Obama-era agency fell afoul of the separation of powers. The full D.C. Circuit Court of Appeals ruled seven to three that the current structure of the agency, which allows for a single director who cannot be removed by the...
  • January 31, 2018
    Language in the Dodd-Frank Act that gives the Consumer Financial Protection Bureau’s (CFPB) independence from Congress is constitutional, the U.S. Court of Appeals for the District of Columbia Circuit ruled Wednesday, overturning a 2016 ruling by three of the court's judges. In a review of the court’s previous decision, PHH v. CFPB, the full court held that the bureau can exist as an independent...
  • January 31, 2018
    A federal appeals court Wednesday ruled that the structure of the U.S. Consumer Financial Protection Bureau is constitutional, dealing a legal defeat to many Republicans and business groups that say the watchdog is too powerful. The much-watched decision by the U.S. Court of Appeals for the District of Columbia Circuit said the bureau's leadership by a single director who can only be removed by...
  • January 31, 2018
    A federal appeals court handed a major victory — and a significant defeat — to the Consumer Financial Protection Bureau by upholding its constitutional structure while also slapping down the agency's practice of making new interpretations of law through enforcement actions. The results were similarly mixed for other key players. On the one hand, the ruling, which says the president can only fire...

Pages