CBA in the News

Press Contact

Jacqueline Ortiz Ramsay
jramsay@consumerbankers.com
202-552-6371
  • February 6, 2017
    Before Tom Brady and the New England Patriots claimed another Super Bowl victory on Sunday night, President Trump released his latest executive order and outlined what he called the “core principles” of financial system regulation, generating a wide array of industry-supporting and consumer-backing organization reactions. These “core principles” arrived at the same time Trump instructed the...
  • February 3, 2017
    During the Obama administration, U.S. banks were often at loggerheads with the federal government over unwanted automated calls to consumers. But in the early days of Donald Trump's presidency the industry has good reason to believe that some of the existing restrictions will be softened. Such changes could be a source of substantial savings for banks and credit unions, particularly in the realm...
  • February 3, 2017
    Wall Street welcomes Trump the deregulator President prepares to row back Dodd-Frank reforms — but faces limits on how far he can go Wall Street could hardly hide its enthusiasm on Friday as Donald Trump prepared to follow through on plans to loosen regulation of the banking industry — just two weeks after he entered the White House. Mr Trump had pledged on the campaign trail to sweep away...
  • January 31, 2017
    During the Obama administration, U.S. banks were often at loggerheads with the federal government over unwanted automated calls to consumers. But in the early days of Donald Trump's presidency the industry has good reason to believe that some of the existing restrictions will be softened. Such changes could be a source of substantial savings for banks and credit unions, particularly in the realm...
  • January 18, 2017
    The Office of the Comptroller of the Currency’s plan to offer national charters to financial technology firms drew a range of reactions from the traditional financial industry, running from lukewarm support to staunch opposition. While the comment period ended Tuesday for the OCC’s white paper that proposed the new charter, the federal regulator hasn’t announced a start date for charter...
  • January 17, 2017
    The question of what constitutes a bank is at the heart of the opposition by industry groups, consumer advocates and state regulators to a landmark financial technology proposal. At stake is a regulatory step that could shape the future of finance for Americans. Though the proposal by the Office of the Comptroller of the Currency to extend to fintech startups some privileges that banks receive...
  • January 13, 2017
    OCC must tap breaks in trying to grant charters to FinTech lenders BY RICHARD HUNT, OPINION CONTRIBUTOR - 01/13/17 03:00 PM EST 0 The Office of the Comptroller of Currency’s desire to add financial technology firms to its regulatory repertoire, if implemented without a sufficient foundation, could stall the U.S. financial system’s path to innovation and set it back by decades. Currently, FinTech...
  • January 13, 2017
    Bankers are trying to stop the Consumer Financial Protection Bureau from allowing consumers to rank how companies handle complaints on a one- to five-star scale and to publish narratives of consumer experiences in an online public database. The financial services industry is outraged at the proposal, which could go into effect as early as Jan. 29 if approved by the Office of Management and Budget...
  • January 12, 2017
    Today we finally get our first look at the results of the consumer survey conducted in 2014-2015 by the Consumer Financial Protection Bureau (CFPB). The survey was originally proposed in March of 2014 , when the Bureau issued a public notice and request for comment, initiated a 60-day comment period. The notice said the survey would ask consumers whether they have been contacted by debt...
  • January 2, 2017
    Hundreds of thousands of American bank accounts will have swung into the red over the festive period — boosting profits for the big banks, which can charge up to $35 for each and every overdraft facility. But, if the regulator has its way, this huge and rising source of income for the banks could be limited. Since it was first created by the Dodd-Frank Act of 2010, The Consumer Financial...

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