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.
  • October 21, 2021
    Following the official swearing-in of Rohit Chopra as the third permanent Director of the Consumer Financial Protection Bureau (CFPB) last week , the Consumer Bankers Association today released “The Case For Regulation Through Rulemaking & Guidance,” a new white paper advocating for the Bureau to utilize rulemaking and informal written guidance in lieu of enforcement when creating new...
  • October 21, 2021
    Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a series of orders to collect information on the business practices of large technology companies operating payments systems in the United States. The initial orders were sent to Amazon, Apple, Facebook, Google, PayPal, and Square. “...
  • October 4, 2021
    In a new letter sent to the recently-Senate confirmed Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, Consumer Bankers Association (CBA) President and CEO Richard Hunt urges the Bureau to ensure the highest level of consumer protections are upheld, regardless of where consumers go to meet their financial needs. In the letter , CBA encourages Director Chopra to utilize...
  • September 30, 2021
    Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. Senate confirmed Rohit Chopra to serve as the next Director of the Consumer Financial Protection Bureau (CFPB): “Congratulations to Commissioner Chopra on his confirmation to lead the CFPB. CBA looks forward to working with Mr. Chopra to ensure the most thorough consumer protection...
  • September 1, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) for Section 1071 of the Dodd-Frank Act to expand data collection requirements for financial institutions in the small business lending market: “For more than a century, CBA member banks...
  • August 18, 2021
    Dear Representative Luetkemeyer: The undersigned trade associations representing thousands of banks, credit unions, financial institutions, and businesses of all sizes that serve America’s consumers write to express our strong support for H.R. 4773, the Consumer Financial Protection Commission Act, that would transition the governance structure of the Consumer Financial Protection Bureau (CFPB)...
  • August 18, 2021
    WASHINGTON – In a new letter sent to Rep. Blaine Luetkemeyer, Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions on the House Financial Services Committee, nearly thirty trade groups expressed strong support for H.R. 4773, the Consumer Financial Protection Commission Act, which would transition the governance structure of the Consumer Financial Protection Bureau...
  • July 28, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today issued the following statement after Congressman Blaine Luetkemeyer (R-MO), Ranking Member of the House Financial Services Subcommittee on Consumer Protection and Financial Institutions, introduced a bill to replace the position of the Director at the Consumer Financial Protection Bureau (CFPB) with a five-member bipartisan commission: “Thank...
  • July 21, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today issued the following statement recognizing the 10th anniversary of the Consumer Financial Protection Bureau (CFPB): “The CFPB’s mission of increasing transparency and fairness and clearly defining the rules of the road is profoundly important and a mission CBA has long championed. “Over the last 10 years, the Bureau has taken some important...
  • July 15, 2021
    The Consumer Bankers Association (“CBA”) appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (“Bureau” or “CFPB”) Advanced Notice of Proposed Rulemaking (ANPR) concerning Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Section 1033”). In 2017, the Bureau released “Consumer Protection Principles: Consumer-Authorized Financial Data...

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