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.
  • September 23, 2014
    CBA Comments on Proposed Addition of Consumer Narratives to the CFPB Complaint Portal Washington, D.C. (September 23, 2014) – The Consumer Bankers Association (CBA) has written to the Consumer Financial Protection Bureau (CFPB) commenting on the Bureau’s proposed addition of consumer complaint narratives to the CFPB’s Consumer Complaint Portal. While CBA supports the Bureau’s ability to...
  • September 22, 2014
    Re: Proposal to Disclose Consumer Complaint Narratives Docket No. CFPB–2014–0016 Dear Ms. Jackson: The Consumer Bankers Association (“CBA”)1 appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”) notice of proposed policy statement concerning disclosure of consumer complaint narratives through the Bureau’s complaint portal (“Proposal”). While CBA...
  • September 19, 2014
    Changing of the Guard – CBA's New Chairman Tim Wennes Takes the Reins We were excited to welcome CBA's Board of Directors and Committee Chairs to the Nation's Capital this week. They had a number of productive meetings; highlights include sit-downs with Small Business Administration Administrator Maria Contreras-Sweet, Sen. Rob Portman (R-OH), House Speaker John Boehner (R-OH), House Financial...
  • September 19, 2014
    CFPB Field Hearing On Auto Finance The CFPB hosted a field hearing on Thursday, September 18, 2014, in Indianapolis, to address the auto finance market and proposed federal oversight of larger nonbank auto finance firms. It also released a Supervisory Highlights report , outlining the CFPB's investigation of auto lending discrimination over the last two years and published a long-awaited white...
  • September 17, 2014
    CBA Statement on Proposed CFPB Rule on Auto Lenders Washington, D.C. (September 17, 2014) – CBA’s General Counsel Steve Zeisel issued the following statement after the Consumer Financial Protection Bureau (CFPB) released their proposed rule on larger participants in the auto lending market: “Today’s announcement by the CFPB will help to level the supervisory playing field between banks and other...
  • September 12, 2014
    CFPB Holds Consumer Advisory Board Meeting in Washington, D.C. On Thursday, September 11, 2014, the CFPB's Consumer Advisory Board (CAB) held its third meeting of the year, attended by approximately 20 people, including the public and members of the press. The agenda covered the student loan market, small dollar credit building, harnessing technology to improve access to financial services, and...
  • September 10, 2014
    Re: Mobile Financial Services Request for Information – Docket No. CFPB-2014-0012 Dear Ms. Jackson: The Consumer Bankers Association (“CBA”) appreciates the opportunity to comment on the notice issued by the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) asking for input on how mobile banking is helping consumers utilize products, manage finances, and achieve financial goals. CBA...
  • September 5, 2014
    CFPB Eyes Credit Card Interest Rate Promotions On Wednesday, September 3, 2014, the CFPB issued a bulletin cautioning credit card issuers on interest rate promotions to consumers. "Credit card offers that lure in consumers and hit them with surprise charges are against the law," said CFPB Director Richard Cordray, alluding to marketing practices by credit card companies when providing "grace...

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