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 15, 2019
    CBA LIVE 2019: Don't miss Bank of America Chairman of the Board & CEO Brian Moynihan speak at CBA LIVE about the state of retail banking. Register today here . Mr. Moynihan sat down with CNBC 's 'The Exchange' on Thursday to discuss the bank's efforts toward digital banking, diversity, the U.S. economy and other hot button topics. Bank of America plans to open 500 U.S. branches over the next...
  • March 12, 2019
    CBA Recommends Legislative, Regulatory Changes to Improve CFPB, Consumer Protections WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt wrote Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) prior to the committee’s hearing on the Consumer Financial Protection Bureau’s semi-annual report to Congress. In the letter, CBA...
  • March 11, 2019
    March 12, 2019 The Honorable Mike Crapo Chairman Committee on Banking, Housing and Urban Development 534 Dirksen Senate Office Building Washington, D.C. 20510 The Honorable Sherrod Brown Ranking Member Committee on Banking, Housing and Urban Development 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Chairman Crapo and Ranking Member Brown: The Consumer Bankers Association (CBA)...
  • March 8, 2019
    Awesome CBA Deposits & Payments Committee representation at CBA Premier Sponsor Harland Clarke 's Executive Forum in Scottsdale, AZ. From left to right: Vice Chair Desiree Wolfe of Webster Bank ; Matt Wind of Comerica ; Jennifer Dier of Hancock Whitney . Thanks Matt for the picture! Cajun Thoughts: AMERICANS LIKE BIG BANKS You might have read WSJ’s recent article about how Americans love big...
  • March 7, 2019
    CBA Recommends Legislative, Regulatory Changes to Improve CFPB, Consumer Protections WASHINGTON – Prior to the House Financial Services Committee Hearing on the Consumer Financial Protection Bureau, Consumer Bankers Association President and CEO Richard Hunt wrote committee leadership to recommend ways to improve the Bureau to help consumers. “Now more than eight years after the Bureau was stood...
  • March 1, 2019
    Join us April 1-3, 2019 in Washington, D.C. for CBA LIVE 2019: The Currency of NOW to experience 90 hours of programming, powerhouse speakers and unprecedented networking with senior bankers. Sign up here to be part of retail banking's must-attend event. Cajun Thoughts: BILL PAY SOLUTIONS I read an article this week about the company ClickSWITCH which offers an automated account transfer solution...
  • February 27, 2019
    CBA Writes Department of Ed, CFPB to Improve Federal Student Loan Disclosures WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt wrote Consumer Financial Protection Bureau Director Kathy Kraninger and Secretary of Education Betsy DeVos requesting their respective agencies work to improve federal student loan disclosures. Currently federal student loan disclosures do not...
  • February 22, 2019
    CBA’s Fraud Working Group held their in-person meeting at CBA HQ this week. Participants discussed hot button business topics such as the use of Zelle and real time payments under Regulation E, bipartisan BSA/AML relief and issues around data security. The group also heard from sponsor FICO about global fraud and technology trends. Cajun Thoughts: CBA STUDENT LENDING ROLLOUT CBA Board Chairman...
  • February 15, 2019
    CBA’s Education Funding Committee was in D.C. last week to meet with new members of the House Education and Labor Committee as well as the Senate HELP Committee to discuss the benefits of private student loans, advocate for a ‘Know Before You Owe’ policy and solutions to prevent over borrowing on federal student loans. Our members serve as the primary industry voice for private student loan...
  • February 11, 2019
    Mr. Paul Watkins Assistant Director, Office of Innovation Bureau of Consumer Financial Protection 1700 G Street, N.W. Washington, D.C. 20552 Re: Proposed Policy on No-Action Letters and Product Sandbox; Docket No. CFPB-2018-0042 Dear Mr. Watkins: The American Bankers Association U. S. Chamber of Commerce, Consumer Bankers Association, and Housing Policy Council (collectively, the Associations)...

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