CBA General Programs

Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.

  • June 9, 2016
    On Thursday, June 9, 2016, the Federal Trade Commission held the inaugural forum of FinTech Series with the first topic of Marketplace Lending. The forum examined “the range of marketplace lending models, their potential benefits to consumers, possible consumer protection concerns, and the applicability of consumer protection laws to market participants.”
  • June 8, 2016
    On Wednesday, June 8, 2016, CBA and other trade groups urged the Federal Housing Finance Agency (FHFA) to use caution when adding language preference questions to the new Uniform Residential Loan Application (URLA). The trades sent a letter indicating they had learned FHFA, as well as Fannie Mae and Freddie Mac, are considering a last-minute addition to URLA, in the form of a question asking...
  • June 7, 2016
    Receiving immediate support from organizations such as the Consumer Bankers Association, Rep. Jeb Hensarling, the Texas Republican who also is the U.S. House Financial Services Committee chairman, has a plan he described as a way to replace the Dodd-Frank Act and promote economic growth. During a speech to the Economic Club of New York on Tuesday, Hensarling shared details of the Financial CHOICE...
  • June 7, 2016
    On Tuesday, June 7, 2016, House Financial Services Committee Chairman Jeb Hensarling gave a speech at the New York Economic Club unveiling details of his Republican alternative to the Dodd-Frank Act, known as the Financial CHOICE Act. The comprehensive bill would replace the current law, promote economic growth by providing regulatory relief to well-capitalized banks, and reform the CFPB, among...
  • June 7, 2016
    Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to House Financial Services Chairman Jeb Hensarling’s speech previewing reforms to the Dodd-Frank Act. “Like any 2,300 page bill, the Dodd-Frank Act is imperfect. We applaud Chairman Hensarling for his persistent commitment to seeking needed changes to the Dodd-Frank Act that...
  • June 5, 2016
    US small town banks are prodding regulators to get tough on “fintech” companies, in a move that betrays traditional lenders’ fears of the young upstarts taking their business. Financial technology companies led by online lenders have taken the US by storm during the recovery from the 2008 crisis, but their rapid growth has stirred unease among competitors and some regulators . In a no-holds-...
  • June 2, 2016
    Lenders who offer payday loans and other small-dollar advances would have to assess whether borrowers could afford and repay the debts, according to a federal rule proposed Thursday. The long-awaited Consumer Financial Protection Bureau proposal would also cut off repeated debit attempts that hit overdue borrowers with additional fees and charges as lenders seek repayment. The regulator also...
  • June 2, 2016
    Donald Trump’s proposal to do away with much of the 2010 Dodd-Frank Act has met with strong opposition from an unlikely source. U.S. banks are not at all keen on a complete repeal of the financial reform law that was put in place to protect the American economy in the wake of the 2007-‘09 financial crisis. The presumptive Republican presidential nominee sees Dodd-Frank as an impediment to banks...
  • June 2, 2016
    Claiming Americans consumers have been “set up to fail” by the short-term lending industry, federal regulators on Thursday issued sweeping new rules that would drastically alter the payday and title lending industries. Under the proposed rule from the Consumer Financial Protection Bureau, short-term lenders would have to verify borrowers’ ability to promptly repay loans, and be prevented from...
  • June 2, 2016
    If your car required a $400 repair tomorrow, could you afford it? According to the Federal Reserve, for almost half of Americans the answer is unfortunately no. Millions of Americans live paycheck to paycheck and need help making ends meet. Yet regulators in Washington continue to chip away at products and services that provide short-term, small-dollar credit, thereby leaving consumers with very...

Pages