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.
  • November 22, 2013
    OCC and FDIC Guidance on DAP There is a phrase in Washington, D.C. called the “Beltway Bubble” that applies to people who have lived in the area too long and have lost touch with everyday America. Usually, this term applies to Members of Congress. I am beginning to believe it can apply to regulators who do not understand the economic plight many families face on a daily basis. In fact, a BankRate...
  • November 20, 2013
    Washington, D.C. (November 20, 2013) – Richard Hunt, president and CEO of the Consumer Bankers Association, released the following response to the Consumer Financial Protection Bureau’s (CFPB) completion of merging the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) disclosures: “The CFPB has now concluded the long and difficult process of merging the TILA and RESPA...
  • November 18, 2013
    Washington, D.C. (November 18, 2013) – Richard Hunt, president and CEO of the Consumer Bankers Association, released the following response to a report issued by the Consumer Financial Protection Bureau analyzing the amount of money spent on providing financial education to consumers: “CBA’s retail banks are deeply committed to educating their customers and working with the CFPB to improve...
  • November 15, 2013
    CFPB Hosts Auto Forum On Thursday, November 14, 2013, the CFPB hosted an auto forum focused primarily on the dealer reserve compensation system used for indirect lending. In his remarks , Director Richard Cordray recognized the need for greater dialogue on the issue. Assistant Director Patrice Ficklin added the CFPB continues to have fair lending concerns with the current system and sees...
  • November 8, 2013
    CFPB Issues ANPR on Debt Collection On Tuesday, November 6, 2013, the CFPB released an Advanced Notice of Proposed Rulemaking (ANPR) to gather information about the debt collection system. The ANPR follows a joint Federal Trade Commission-CFPB industry roundtable held in June 2013 and a field hearing in July 2013, where the Bureau first expressed its intent to issue regulations related to debt...
  • November 8, 2013
    Thank You to Our Nation’s Veterans and Their Families As we approach Veteran’s Day, take a moment to thank those who have so honorably served our nation. Veterans, active-duty military, and their families have committed themselves to serving a nation we all love. Without their commitment to duty, the opportunities that we have here at home would be for naught. We are proud of the many initiatives...
  • November 1, 2013
    Senators Question CFPB’s Indirect Auto Lending Bulletin On October 30, 2013, Sens. Rob Portman (R-OH) and Jeanne Shaheen (D-NH) lead a bipartisan group of 22 Senators in a letter to CFPB Director Cordray regarding the Bureau’s March 21, 2013, bulletin on indirect auto lending. The letter echoes concerns raised this summer by members of the House of Representatives. The Senators call for...

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