CFPB

Enactment of the Dodd-Frank Act created the Consumer Financial Protection Bureau, an agency charged with carrying out federal consumer financial laws. We are focused on retail banking products and services, making CBA the industry resource on the CFPB. Our insights and analysis on CFPB-related issues, along with the latest news and information, provides our members with the necessary tools to navigate this new regulatory environment.
  • September 28, 2022
    The Consumer Bankers Association (CBA), American Bankers Association (ABA), U.S. Chamber of Commerce, Independent Bankers Association of Texas (IBAT), Texas Bankers Association, Longview Chamber of Commerce, and the Texas Association of Business today jointly filed a lawsuit against the CFPB, challenging the legality of recent changes made by the agency to the Unfair, Deceptive, or Abusive Acts...
  • September 15, 2022
    The market for personal loans is massive and growing, yet the fintechs and other non-bank lenders who make such loans are not subject to regular oversight by the Consumer Financial Protection Bureau (CFPB), which has “created an unlevel playing field and a large risk to consumers,” write the Consumer Bankers Association (CBA) and the Center for Responsible Lending (CRL). Today, the groups jointly...
  • September 15, 2022
    The market for personal loans is massive and growing, yet the fintechs and other non-bank lenders who make such loans are not subject to regular oversight by the Consumer Financial Protection Bureau (CFPB), which has “created an unlevel playing field and a large risk to consumers,” write the Consumer Bankers Association (CBA) and the Center for Responsible Lending (CRL). The groups jointly filed...
  • August 22, 2022
    WASHINGTON, DC – The Consumer Bankers Association, American Bankers Association, and the Bank Policy Institute jointly responded today to the Consumer Financial Protection Bureau’s (CFPB) request for information about customer service practices at large financial institutions. The letter challenges the legal basis for the CFPB’s inquiry and objects to the Bureau’s assertion that banks are...
  • August 22, 2022
    August 22, 2022 Comment Intake – Relationship Banking Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Re: Docket No. CFPB-2022-0040 Re: Comments in Response to Request for Information Regarding Relationship Banking and Customer Service, Docket No. CFPB-2022-0040 To Whom it May Concern: The Bank Policy Institute,[1] the Consumer Bankers Association,[2] and the American...
  • August 2, 2022
    Eight national trade groups—including the Consumer Bankers Association, American Bankers Association, Credit Union National Association, Housing Policy Council, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions, National Bankers Association, and The Clearing House Association—today petitioned the Consumer Financial Protection Bureau to initiate a...
  • June 29, 2022
    In a new white paper sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association (CBA) and other leading financial groups called on the Bureau to rescind recent changes made to the Unfair, Deceptive, or Abusive Acts or Practices (UDAAPs) examination manual, an enormous self-expansion of the agency’s authority that stands contrary to law and the intent of...
  • June 22, 2022
    WASHINGTON, DC – Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued an Advanced Notice of Proposed Rulemaking (ANPR) regarding credit card fees. “Today’s announcement is another reminder the Bureau appears more interested in advancing a particular agenda than developing fact-based...
  • June 16, 2022
    In response to a new Request for Information , launched earlier this week by the Consumer Financial Protection Bureau (CFPB), regarding customer service experiences at large financial institutions, Consumer Bankers Association (CBA) President and CEO Richard Hunt reiterated consumers’ satisfaction with America’s leading banks, which continue to develop new financial innovations to enhance the...
  • May 19, 2022
    In a new letter sent to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, the Consumer Bankers Association (CBA) called on the Bureau to extend its supervisory authority in specific markets where under-regulated fintechs hold a significant share. Last month, the CFPB announced it will begin utilizing a previously “dormant authority” allowing them to conduct supervisory...

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