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.
  • March 1, 2021
    BankThink CFPB director is supposed to be an apolitical job By Richard Hunt March 01, 2021, 11:03 a.m. EST4 Min Read Facebook Twitter LinkedIn Email Show more sharing options Since its inception a decade ago, the Consumer Financial Protection Bureau has been a political hot potato — tossed from director to director, and interims along the way. Meanwhile, consumers, small businesses and financial...
  • February 22, 2021
    With constantly changing global reforms, the US is discovering a radically new regulatory landscape when it comes to customer complaints. This evolving environment has provided challenges for the financial services industry in particular, with new legal and regulatory changes such as CCPA coming into force last year. The addition of increased competition, ever-changing risk and heightened...
  • February 4, 2021
    Ladies and Gentlemen: The undersigned financial services trades welcome the opportunity to comment on the Consumer Financial Protection Bureau (CFPB)’s Advanced Notice of Proposed Rulemaking regarding consumer access to financial records. We believe that responsible innovation in financial services will continue to benefit customers as it has throughout history. The use of data plays a critical...
  • January 19, 2021
    CBA Statement on Chopra Nomination, CFPB Leadership WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the nomination of Federal Trade Commission Commissioner Rohit Chopra to serve as the next Director of the Consumer Financial Protection Bureau: "CBA commends Commissioner Chopra on his nomination to become the CFPB‘s third director. We look...
  • January 5, 2021
    CBA Statement on CFPB Consumer Taskforce Report WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Consumer Financial Protection Bureau Taskforce on Federal Consumer Financial Law’s report on ways to modernize and harmonize federal consumer financial laws: “The CFPB, Taskforce members and Director Kraninger should be commended for...
  • December 22, 2020
    To Whom It May Concern: The Consumer Bankers Association (CBA) is pleased to submit these comments to the Bureau of Consumer Financial Protection, Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and National Credit Union Administration (together, the “Agencies”) in response to the Notice of Proposed Rulemaking (...
  • December 15, 2020
    Dear Director Kraninger: The Consumer Bankers Association (CBA) greatly appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”) Small Business Regulatory Enforcement Fairness Act (“SBREFA”) outline concerning the small business lending market and the pending rulemaking pursuant to Section 1071 of the Dodd-Frank Wall Street Reform and Consumer...
  • December 1, 2020
    To Whom It May Concern: The Consumer Bankers Association (“CBA” or “the Association”) appreciates the opportunity to offer comments in response to the Consumer Financial Protection Bureau’s (“CFPB” or “the Bureau” or “the agency”) Request for Information on the Equal Credit Opportunity Act and Regulation B (“the RFI”). We commend the Bureau for soliciting feedback on the Equal Credit Opportunity...
  • October 29, 2020
    On Thursday, October 29, 2020, the Bureau issued a final rule amending its Disclosure of Records and Information Regulation. The rule seeks to balance concerns regarding the Bureau’s need to protect confidential personal, business, supervisory, and investigative information against the need to use and disclose certain information in the course of the Bureau’s work or the work of other agencies...
  • October 20, 2020
    On Tuesday, October 20, 2020, the CFPB issued a final rule to extend the Government-Sponsored Enterprise (GSE) Patch until the mandatory compliance date of the final rule amending the General Qualified Mortgage (QM) loan definition in Regulation Z. The GSE Patch was originally schedule to expire January 10, 2021. The Bureau is not amending the provision in Regulation Z stating the GSE Patch will...

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