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.
  • May 11, 2022
    Over the past year, a growing share of America’s leading banks have unveiled innovative overdraft solutions, providing customers greater choice and flexibility to make informed personal financial decisions. In Washington, leading regulators, legislators, and academics from across the political spectrum have recognized the positive impact these changes have had in the lives of the people we are...
  • May 3, 2022
    Tomorrow, Consumer Bankers Association (CBA) General Counsel and Senior Vice President, David Pommerehn, will testify before the Senate Banking Subcommittee on Financial Institutions and Consumer Protection for a hearing entitled, “ Examining Overdraft Fees and Their Effects on Working Families .” During the hearing, Pommerehn will focus on the following themes: Consumers Choose Overdraft For...
  • April 26, 2022
    Dear Chairman Brown and Ranking Member Toomey: The Consumer Bankers Association (CBA) submits the following comments for the hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” We appreciate the Committee’s continued oversight of the Consumer Financial Protection Bureau (CFPB or Bureau) and its activities. CBA is the voice of the retail banking industry...
  • April 25, 2022
    Consumer Bankers Association President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) announced it will begin utilizing a previously dormant authority allowing the Bureau to conduct supervisory examinations of non-bank entities offering traditional bank products and services: “As the rise in banking activity outside our nation’s...
  • April 25, 2022
    In a new letter sent to the Senate Banking Committee and House Financial Services Committee ahead of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress this week, the Consumer Bankers Association (CBA) outlined legislative and regulatory recommendations necessary to ensure the agency successfully delivers on its mission in the rapidly evolving banking marketplace...
  • April 11, 2022
    In response to the Consumer Financial Protection Bureau’s (CFPB) Request For Information (RFI) regarding fees charged by banks, the Consumer Bankers Association (CBA) in a new letter sent today highlighted the choice and transparency afforded to consumers within the highly competitive and well-regulated banking industry, while also rebutting misleading rhetoric that undermines the work of both...
  • April 11, 2022
    Director Chopra, This letter is submitted by the Consumer Bankers Association (“CBA”) in response to the Consumer Financial Protection Bureau’s (“Bureau”) Request for Information (the “Request”) regarding fees imposed by providers of consumer financial products or services. CBA has several concerns with the Request’s portrayal of consumer finance markets. First, fee amounts and fee disclosures...
  • April 11, 2022
    April 11, 2022 Comment Intake—Fee Assessment Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 Docket No.: CFPB-2022-0003; Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services To Whom it May Concern: The undersigned financial services trade associations (the Associations) welcome the opportunity to submit this comment in...
  • March 28, 2022
    On Thursday, the House Subcommittee on Consumer Protection and Financial Institutions will hold a hearing on the overdraft marketplace. The hearing comes amidst the backdrop of the CFPB’s ongoing examination of bank fees , which also include overdraft. Ahead of these events, the Consumer Bankers Association (CBA) today released a new video to correct misinformation surrounding bank fees, to...
  • March 25, 2022
    In a new letter sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association (CBA) outlined recommendations necessary to promote a safe and competitive “buy now, pay later” (BNPL) marketplace. The letter was sent in response to the Bureau’s December 2021 Request For Information (RFI) on the business practices of five fintech BNPL providers. In the letter , CBA...

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