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.
  • June 29, 2020
    CBA Statement on Supreme Court CFPB Ruling WASHINGTON, D.C. – Consumer Bankers Associations President and CEO Richard Hunt issued the following statement after the U.S. Supreme Court ruled in Seila Law LLC v CFPB the Consumer Financial Protection Bureau’s leadership structure was unconstitutional and changed the Bureau’s single director from a position which could only be fired for cause to a...
  • June 17, 2020
    Director Kraninger: The Consumer Bankers Association (CBA) appreciates the Consumer Financial Protection Bureau (Bureau) issuing its Renewal Request with the Office of Management and Budget for Consumer Response Company Response Surveys (Request). CBA and our members have long engaged with the Bureau about the consumer complaint portal and consumer feedback surveys. CBA outlined many of our...
  • June 1, 2020
    Dear Director Kraninger, Throughout the novel COVID-19 pandemic, the Consumer Bankers Association (CBA) and our members have worked diligently to protect the financial wellbeing of consumers across the country. Since this unprecedented threat emerged, CBA members have engaged in a host of financial relief and recovery options for customers, aimed at promoting financial safety and security. We...
  • June 1, 2020
    Re: Bureau of Consumer Financial Protection Request for Information to assist the Taskforce on Federal Consumer Financial Law, Docket No. CFPB-2020-0013. Mr. Weber: The Consumer Bankers Association (CBA) appreciates the Consumer Financial Protection Bureau (Bureau) issuing its Request for Information to assist the Taskforce on Federal Consumer Financial Law (RFI). CBA feels the Taskforce on...
  • May 7, 2020
    CBA Statement on CFPB FAQs Related to COVID-19 WASHINGTON, D.C. – CBA President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau issued guidance consistent with CBA’s request to clarify what constitutes a “complete” Paycheck Protection Program application for purposes of Regulation B adverse action notification: “PPP is considered a lifeline for...
  • March 10, 2020
    CBA Recommendations for CFPB Semi-Annual Report WASHINGTON – The Consumer Bankers Association wrote the Senate Banking, Housing and Urban Affairs Committee in advance of the Consumer Financial Protection Bureau’s Semi-Annual Report to Congress. CBA’s letter offers legislative and regulatory reforms to help ensure consumers continue to have access to highly regulated financial products. “Improving...
  • March 9, 2020
    March 9, 2020 The Honorable Mike Crapo Chairman Committee on Banking, Housing and Urban Affairs 534 Dirksen Senate Office Building Washington, D.C. 20510 The Honorable Sherrod Brown Ranking Member Committee on Banking, Housing and Urban Affairs 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Chairman Crapo and Ranking Member Brown: The Consumer Bankers Association (CBA) submits the...
  • March 9, 2020
    Defenders and detractors alike have debated the constitutionality of the Consumer Financial Protection Bureau for years. Now, nearly a decade later, the U.S. Supreme Court is set to answer the question once and for all with a ruling in Seila Law vs. CFPB. Some legal scholars speculate the Supreme Court will make the director fireable “at will” instead of “for cause,” as Justice Brett Kavanaugh...
  • March 3, 2020
    CBA Statement on Supreme Court Oral Arguments A copy of CBA’s amicus brief is available here. WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after attending oral arguments at the U.S. Supreme Court in Seila Law LLC vs. Consumer Financial Protection Bureau: “For close to a decade the Bureau’s single-director structure has created regulatory...
  • February 6, 2020
    CBA Letter of CFPB Semi-Annual Testimony WASHINGTON – The Consumer Bankers Association wrote the House Financial Services Committee in advance of the Consumer Financial Protection Bureau’s semi-annual report to Congress. In the letter, CBA makes several legislative and regulatory recommendations to ensure consumers continue having access to highly-regulated financial products. “It has been 10...

Pages