CBA in the News

Press Contact

Jacqueline Ortiz Ramsay
jramsay@consumerbankers.com
202-552-6371
  • November 11, 2016
    President-elect Donald Trump's potential candidates for Treasury secretary are being praised for their business experience, while consumer advocates are probing their past investments and work on Wall Street. Steve Moore, an economic adviser to Trump, said in an interview that Steve Mnuchin, the Republican's campaign finance chairman and a former Goldman Sachs executive, would be a front-runner...
  • November 11, 2016
    The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. That may mean the end of many of the agency's rule-making actions that have enraged critics, including a proposal to stop...
  • November 11, 2016
    The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. That may mean the end of many of the agency’s rule-making actions that have enraged critics, including a proposal to stop...
  • November 11, 2016
    A day of reckoning has arrived for Elizabeth Warren’s favorite regulator. Republicans -- as well as many lobbyists -- have long vilified the controversial Consumer Financial Protection Bureau, created in the wake of the financial crisis, for having scant accountability and writing rules that harm banks. Next year when the party controls both the U.S. Congress and White House, they’re finally in a...
  • November 11, 2016
    A day of reckoning has arrived for Sen. Elizabeth Warren's favorite regulator. Republicans, and many lobbyists, have long vilified the Consumer Financial Protection Bureau for having scant accountability and writing rules that harm banks. Next year, when the party controls both Congress and White House, they're finally in a position to do something about it. President-elect Donald Trump could...
  • November 10, 2016
    Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act. President-elect Donald Trump's transition team declared war Thursday on the 2010 financial reform law, vowing to "dismantle" it while blaming the...
  • November 9, 2016
    Financial trade associations lined up to congratulate Donald Trump and renew a push for regulatory reform under a government that will be fully under control of Republicans next year. Richard Hunt, president and CEO of the Consumer Bankers Association, congratulated Trump in a release and said his association “will remain focused on working with members of congressional committees and federal...
  • November 9, 2016
    Republican Donald J. Trump pulled out the election yesterday, becoming the nation’s 45 th president, but the fate of the Consumer Financial Protection Bureau, including Director Richard Cordray and the Dodd-Frank Act, remain unknown — for now. President Trump has said he wants to repeal much of Dodd-Frank, but has provided scant details of the regulatory regime he favors, and has not proposed a...
  • November 9, 2016
    President-elect Donald Trump opened his campaign by pledging to be the “greatest jobs president that God ever created.” His first months in office working with a GOP Congress will reveal whether he will fulfill that promise. Trump’s heterodox position on trade and his commitments to deregulate and cut taxes were the economic centerpieces of his campaign for the Oval Office. Republicans in...
  • November 9, 2016
    Consumer protections for users of credit cards and other financial services might be rolled back as a result of Tuesday’s election outcome, while the federal government’s consumer watchdog agency could have its power slashed. “Congress has been looking to cut the authority of the Consumer Financial Protection Bureau,” said Edgar Dworsky, founder of ConsumerWorld.org and a former Massachusetts...

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