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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 22, 2013CFPB Consumer Advisory Board Meeting On Wednesday, February 20, 2013, the CFPB held a public meeting of the Consumer Advisory Board (CAB). The CAB is mandated by Section 1014 of the Dodd-Frank Act to advise and consult with the Bureau in the exercise of its function, and is required to meet at least twice a year. A list of the members can be found on the CFPB website . Though most of the business...
- February 21, 2013February 21, 2013February 20, 2013February 19, 2013Dear Ms. Jackson: The Consumer Bankers Association (CBA)1 appreciates the opportunity to submit comments in response to the Consumer Financial Protection Bureau’s (CFPB’s or Bureau’s) request for information (RFI) to study the effect of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) on the credit card market. The CFPB states it will use the information...February 15, 2013CFPB Issues Warning for Mortgage Servicers on Transferred Loans On Monday, February 11, 2013, the CFPB issued a bulletin warning mortgage servicers about their legal obligations with regard to transferred loans. The CFPB has noted a significant number of servicing complications related to the volume of transfers in the past year. The Bureau plans to make servicing transfer-related problems a...February 15, 2013Dear Ms. Jackson: The Consumer Bankers Association, the American Bankers Association, and the American Bankers Insurance Association (collectively, the “Associations”) appreciate the opportunity to submit comments on the Proposed Policy (“Proposal”) to exempt individual companies, on a case-by-case basis, from current federal disclosure requirements in order to test “trial disclosures.” The...February 15, 2013CFPB's Antonakes to Speak at CBA LIVE Breaking news: Acting Deputy Director Steve Antonakes, who heads up supervision, enforcement and fair lending for the CFPB, will address the general session at CBA LIVE on March 12, 2013 in Phoenix. Hear directly from the CFPB's Sheriff... Register now . CBA Testifies in Small Business Hearing On Wednesday, February 13, 2013, CBA Board member Maria Coyne,...February 15, 2013February 8, 2013Republicans Reaffirm Commitment to Vote Down CFPB Nomination On Friday, February 1, 2013, 43 Republican senators sent a letter to President Obama reconfirming their commitment to vote down Richard Cordray or any other nominee for Director of the CFPB. The senators indicated any nominee would be met with disapproval until the agency underwent significant reform. Specifically, Republicans would...