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.
  • December 14, 2018
    Yesterday’s CBA Holiday Party & Day of Fun was one for the books. We toured the U.S. Capitol, celebrated Janet Pike ’s retirement with House Speaker Paul Ryan , and ate well! Click here to see the surprise on Janet’s face when she saw Speaker Ryan , who she worked with before he was a Member of Congress and for when he was first elected. Cajun Thoughts: JANET PIKE … While the holidays are...
  • December 11, 2018
    CBA Statement on BCFP Campus Products Report WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Bureau of Consumer Financial Protection’s internal report on the use of campus products: “Banks value the relationship they have with their customers and provide important, necessary services to students as they work to achieve their goals...
  • December 7, 2018
    Cajun Thoughts: The Marriott breach has the potential to be one of the largest breaches in the U.S., and, yet, has not received the same volume of media coverage as others even though 500 million customers were affected. Just a reminder, retailers do not have the same GLBA standards banks have, and it is time Congress creates a level playing field on behalf of consumers… New BCFP Director …As you...
  • December 6, 2018
    CBA Statement on Kraninger Confirmation WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate confirmed Kathleen Kraninger to a five-year term as director of the Bureau of Consumer Financial Protection: “CBA would like to congratulate Ms. Kraninger on her confirmation to this important position, one where she has the final say...
  • November 16, 2018
    Cajun Thoughts: Thanksgiving is one of my favorite times of the year. In addition to being thankful for my family and 5 friends, I am thankful to be with the CBA Family … 69 great corporate members , 110 associate members , 466 committee members , and 27 ( 4 more on the way ) CBA Team members . Most importantly, don’t forget the Dallas Cowboys play at 4:00 PM on Thanksgiving Day . Short of any...
  • November 3, 2018
    Day After Election Call: Join us for a CBA Members-Only call on Wednesday, November 7 at 3:00 p.m. ET to discuss the 2018 Midterm Election results and impact on the retail banking industry. Stay tuned for details! Cajun Thoughts: For those of you who have been in a political race, you know the urgency of a 24 hour period, the smell of October and the distinct color of the sunset. Yes, I love...
  • October 26, 2018
    Cajun Thoughts: Comptroller of the Currency Joseph Otting’s comment at last week’s Exchequer Club lunch that “the number one reason I took the job was to make CRA better ” continues to resonate with me and many others. I am not underestimating his resolve…Seems the consumer groups are not happy with their self-described “lack of access” at the Bureau of Consumer Financial Protection . They wanted...
  • October 26, 2018
    CBA Statement on Bureau Review of Small-Dollar Rule WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the Bureau of Consumer Financial Protection announced it would reconsider provisions of the “Payday, Vehicle Title and Certain High-Cost Installment Loans” rule as well as the rule’s implementation date: “We appreciate the Bureau...
  • October 26, 2018
    Richard Hunt, president and CEO of the Consumer Bankers Association, said the bureau should consider all aspects of the rule, not just the ability-to-repay requirements, “to prevent unintended consequences for loans the original rule was not intended to cover.” The payday rule covers only small-dollar loans, not longer-term installment loans. Many say the payday rule would hurt consumers who need...
  • October 24, 2018
    On Wednesday, October 24, 2018, the Bureau of Consumer Financial Protection issued press release announcing a settlement with Cash Express, LLC , a small-dollar lender that offers payday and title loans, as well as cash-checking services. In the consent order, the Bureau found that Cash Express violated the Consumer Financial Protection Act (CFPA) by deceptively threatening in collection letters...

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