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.
  • February 15, 2019
    CBA’s Education Funding Committee was in D.C. last week to meet with new members of the House Education and Labor Committee as well as the Senate HELP Committee to discuss the benefits of private student loans, advocate for a ‘Know Before You Owe’ policy and solutions to prevent over borrowing on federal student loans. Our members serve as the primary industry voice for private student loan...
  • February 11, 2019
    Mr. Paul Watkins Assistant Director, Office of Innovation Bureau of Consumer Financial Protection 1700 G Street, N.W. Washington, D.C. 20552 Re: Proposed Policy on No-Action Letters and Product Sandbox; Docket No. CFPB-2018-0042 Dear Mr. Watkins: The American Bankers Association U. S. Chamber of Commerce, Consumer Bankers Association, and Housing Policy Council (collectively, the Associations)...
  • February 8, 2019
    Obviously the big news this week is the merger of BB&T and SunTrust . Knowing both Kelly King and Bill Rogers for years, I recount many of my conversations with them separately. At last year’s CBA Executive Banking School, Kelly stated BB&T would not buy an out of market bank, and would rather buy a larger bank than a smaller bank because of compliance. And Bill told me he was not going...
  • January 18, 2019
    CBA launched a special " Contact Your Bank " page on our website dedicated to helping educate customers and the public on ways banks are assisting furloughed federal workers. CBA will continue to update this page as new programs are announced and please reach out to a CBA Team Member if you would like to add anything for your institution. Cajun Thoughts: The government shutdown is now entering...
  • January 11, 2019
    Cajun Thoughts: In my estimation, today is Day 1 of the partial government shutdown as this is the day about 800,000 workers will not receive their paycheck. This shutdown has a much different feel compared to the one in 2013, and even the one in 1995. Both good and bad. First, it is a partial, not complete, shutdown. Obviously, this is still very important, especially to those directly affected...
  • December 21, 2018
    Cajun Thoughts: HOLIDAY WEEK Today begins one of my favorite weeks of the year, where I head down to Jennings, Louisiana to spend time with my mother, three older sisters and more than 10 nieces and nephews. As always, I will be visiting Walmart, Sonic, Boudin King and the 14 payday lenders. I hope all of you have time to spend with your families as we prepare for 2019 … WHAT’S IN A NAME I never...
  • 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...

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