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 18, 2019
    CBA on Supreme Court Hearing CFPB Constitutionality Case “Regardless of the outcome, a sole-director calling all the shots will never provide the long-term stability consumers deserve and the well-regulated financial sector needs. For that, Congress must create a bipartisan, Senate-confirmed commission to lead the Bureau…” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt...
  • October 16, 2019
    CBA Recommends Legislative, Regulatory Changes to Improve CFPB, Consumer Protections WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt wrote the chairs and ranking members of the House Financial Services and Senate Banking committees related to hearings on the Consumer Financial Protection Bureau’s semi-annual report to Congress. In the letter, CBA recommends ways to...
  • October 10, 2019
    CBA Statement on White House Executive Order on Guidance “Guidance can be a useful tool in clarifying complex rules and regulations but should not be used as a shortcut to implement new ones.” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after President Donald Trump signed an Executive Order on the use of regulatory guidance: “Guidance...
  • October 10, 2019
    CBA Writes House Leadership on CFPB Constitutionality Case, Need for Bipartisan Commission “The potential of a court ruling that could install a director, removeable at-will, would bring increased confusion … A lack of certainty and long-term consistency in leadership at the Bureau adversely affects consumers, our economy and the financial services industry.” WASHINGTON – The Consumer Bankers...
  • September 30, 2019
    Credit reporting dispute volumes are on the rise. The CFPB has recorded a 134% increase in disputes over the last two years driven by inaccurate data, incomplete processing, and ineffective communication. How can you create a successful framework that lowers credit reporting disputes in your organization? This infographic shares what you can do to stem the rising tide of disputes. Access Content...
  • September 18, 2019
    Director Kathleen L. Kraninger Office of the Executive Secretary Consumer Financial Protection Bureau 1275 First Street, NE Washington, DC 20002 Email: 2019-NPRM-DebtCollection@cfpb.gov Re: Comments in Response to the Notice of Proposed Rulemaking under Regulation F Docket No. CFPB-2019-0022 Director Kraninger, This letter is submitted by the Consumer Bankers Association (“CBA”) in response to...
  • September 18, 2019
    CBA Statement on CFPB Complaint Database Changes WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau announced planned changes to the Bureau’s complaint database: “For too long, the Bureau’s unverified compliant database has functioned to paint a picture of guilt through government press...
  • September 17, 2019
    CBA Statement on CFPB Reversing Constitutionality Defense WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Consumer Financial Protection Bureau Director Kathy Kraninger informed congressional leaders the Bureau will no longer defend the constitutionality of its leadership structure: “Constitutional or not, Congress can end this...
  • September 10, 2019
    CBA Statement on CFPB Updates to No-Action Letter Policy, Trial Disclosure Policy, & Compliance Assistance Sandbox WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Consumer Financial Protection Bureau’s new No-Action Letter (NAL), Trial Disclosure and Compliance Assistance Sandbox policies designed to facilitate compliance and...
  • August 16, 2019
    CBA Statement on CFPB Education Loan Ombudsman WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau announced the appointment Robert G. Cameron as its new Private Education Loan Ombudsman: “We are glad Director Kraninger has filled this role and believe it should remain separate from the Office of...

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