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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 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...
- February 7, 2013February 1, 2013CFPB Announces Antonakes as Acting Assistant Director On Thursday, January 31, 2013, the CFPB announced Steve Antonakes, currently the agency’s Associate Director for Supervision, Enforcement, and Fair Lending, will serve as Acting Deputy Director. Deputy Director Raj Date announced in late 2012 his plans to depart the agency January 31, 2013. The CFPB is searching now for his replacement...January 30, 2013January 30, 2013January 28, 2013January 28, 2013January 25, 2013January 25, 2013President Obama Re-Nominates Richard Cordray On Thursday, January 24, 2013 the President re-nominated Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB). Cordray is currently the director pursuant to a controversial recess appointment in January 2012 after his nomination was held up in the Senate. His current term will expire in January 2014. If his nomination is...January 24, 2013