Nick Simpson
Vice President, Public Affairs
- (202) 552-6371
- nsimpson@consumerbankers.com
More From Nick Simpson
May 15, 2019WASHINGTON – The Consumer Bankers Association today offered comments to the Consumer Financial Protection Bureau’s notice of proposed rulemaking for payday, vehicle title, and certain high-cost installment loans. The comment letter offers support for the CFPB’s review of the 2017 rule and supported the new proposal’s call for strong consumer protections, while allowing Americans to receive short-term emergency funds within the well-regulated banking industry. The letter also requests the CFPB delay the entire rule until the new proposal is finalized, noting without the delay depository...
May 7, 2019CBA, Financial Trades Write HFSC on Anti-Money Laundering Legislation WASHINGTON – The Consumer Bankers Association, along with eight other financial services trades, today wrote House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) in support of the Committee’s work to modernize the anti-money laundering and counterterrorism regulatory system. The letter also states CBA’s support for H.R. 2513, the Corporate Transparency Act of 2019, and urges swift, bipartisan passage of the bill, which would create a secure beneficial ownership...
May 6, 2019CBA on Need for Bipartisan CFPB Commission, Ninth Circuit Ruling WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit ruled it was not unconstitutional for the Consumer Financial Protection Bureau’s director to be fired only for cause: “The constitutionality of the CFPB’s structure is a separate question than whether the CFPB’s current structure lends itself to long-term credibility and regulatory certainty. Congress should create a bipartisan commission – as the...
