Consumer Protection

  • 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...
  • February 26, 2019
    CBA Comments on House Financial Services Credit Reporting Hearing WASHINGTON – The Consumer Bankers Association (CBA) wrote House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) in advance of the committee’s hearing examining credit bureaus and credit reporting. A copy of CBA’s letter is available here . On the draft Comprehensive...
  • December 18, 2018
    December 18, 2018 Chairman Jelena McWilliams, Federal Deposit Insurance Corporation Chairman Jerome Powell, Federal Reserve Board Chairman Joseph Simons, Federal Trade Commission Comptroller Joseph Otting, Office of the Comptroller of the Currency Chairman Jay Clayton, Securities and Exchange Commission Dear Madam and Sirs, I write on behalf of the Consumer Bankers Association (CBA) and its...
  • November 9, 2018
    Cajun Thoughts: I absolutely love and respect America’s democratic process. The fact any citizen, regardless of background, has the right to elect our leaders gives me chills each and every time. I am especially fortunate to be surrounded by a diverse CBA Team of different political ideologies and willing to share their views with me in an open and candid dialogue (as long as they are pro-banking...
  • October 26, 2018
    Cajun Thoughts: Comptroller of the Currency Joseph Otting’s comment at last week’s Exchequer Club lunch that “the number one reason I took the job was to make CRA better ” continues to resonate with me and many others. I am not underestimating his resolve…Seems the consumer groups are not happy with their self-described “lack of access” at the Bureau of Consumer Financial Protection . They wanted...
  • October 19, 2018
    My top takeaway this week … On Wednesday, Comptroller of the Currency Joseph Otting spent a lot of time discussing CRA modernization efforts during his talk to the Exchequer Club here in D.C. He made three key points: he is committed to CRA modernization, calling it the "Number one reason" he came to Washington ; branches are not obsolete , but the current assessment area framework can restrict...
  • September 14, 2018
    CBA LEADERSHIP SUMMIT DOWNLOAD Hurricane Florence: As a southerner and hurricane veteran myself, I know how threatening tropical storms can be. CBA’s thoughts and prayers are with all member banks and communities impacted by Hurricane Florence’s dangerous conditions. I know your banks are preparing to help customers as well as team members in Florence’s path. Please let us know if we can help...
  • September 14, 2018
    Financial trade organizations voiced support for the bill in a Sept. 12 joint letter to the committee. The groups, including the American Bankers Association, the Consumer Bankers Association, and the Credit Union National Association, said they backed committee action on the bill as a step toward comprehensive data breach legislation for all entities that collect and use sensitive personal and...
  • September 6, 2018
    On Tuesday, September 4, 2018, five federal financial regulatory agencies issued a joint press release extending until October 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the “Volcker Rule.” The Volcker Rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity...
  • September 6, 2018
    On Thursday, September 6, 2018, the 18 th Annual Bank Research Conference at the FDIC commenced with Chairman McWilliams’ opening remarks. The conference was strictly academic but prestigious and competitive within the field of economics; this year over 450 papers were received and only 20 were selected for presentation. Below are highlights from the remarks: Chairman McWilliams kicked off the...

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