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- October 18, 2019Ladies and Gentlemen: This comment is submitted by the American Bankers Association (ABA),1 the Consumer Bankers Association (CBA),2 and the Housing Policy Council3 (HPC) in response to the August 19, 2019 proposed rule4 of the U.S. Department of Housing and Urban Development (the Department or HUD). The Proposed Rule “follows a June 20, 2018, advance notice of proposed rulemaking, in which...
- October 16, 2019 - 12:00PMPastOctober 16, 2019CBA Recommends Legislative, Regulatory Changes to Improve CFPB, Consumer Protections WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt wrote the chairs and ranking members of the House Financial Services and Senate Banking committees related to hearings on the Consumer Financial Protection Bureau’s semi-annual report to Congress. In the letter, CBA recommends ways to...September 18, 2019CBA Statement on CFPB Complaint Database Changes WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau announced planned changes to the Bureau’s complaint database: “For too long, the Bureau’s unverified compliant database has functioned to paint a picture of guilt through government press...July 11, 2019July 11, 2019 The Honorable Maxine Waters Chairwoman Committee on Financial Services 2129 Rayburn House Office Building U.S. House of Representatives Washington, D.C. 20515 The Honorable Patrick McHenry Ranking Member Committee on Financial Services 4340 O’Neill House Office Building U.S. House of Representatives Washington, D.C. 20515 Dear Chairwoman Waters and Ranking Member McHenry: On behalf...May 20, 2019CBA Calls on FinCEN to Collect Beneficial Ownership Information WASHINGTON – The Consumer Bankers Association today wrote Senate Banking Committee Chair Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) requesting the committee pass legislation requiring the Financial Crimes Enforcement Network (FinCEN) collect beneficial ownership information for corporations and use the information...May 9, 2019Director Kathy Kraninger Consumer Financial Protection Bureau 1700 G. St. N.W. Washington, DC 20552 Director Kraninger, I write to commend you on the Bureau’s recent changes to its Civil Investigative Demand (CID) policies requiring CIDs to provide more information about the conduct under investigation. CBA is pleased the Bureau opened a request for information on this topic last year and thanks...May 6, 2019CBA on Need for Bipartisan CFPB Commission, Ninth Circuit Ruling WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit ruled it was not unconstitutional for the Consumer Financial Protection Bureau’s director to be fired only for cause: “The constitutionality of the CFPB’...May 1, 2019May 1, 2019 The Honorable Roger Wicker Chairman Committee on Commerce, Science, & Transportation 512 Dirksen Senate Office Building U.S. Senate Washington, D.C. 20510 The Honorable Maria Cantwell Ranking Member Committee on Commerce, Science, & Transportation 512 Dirksen Senate Office Building U.S. Senate Washington, D.C. 20510 Dear Chairman Wicker and Ranking Member Cantwell: On behalf...April 9, 2019To mark 100 years of helping finance the American dream, CBA's ambassadors gathered for leadership photos, including past and present board members and members of CBA's committees. It has been an incredible week in our nation’s capital, as we hosted CBA LIVE 2019 - the biggest event in its 10-year history. We welcomed nearly 1,600 attendees, including more than 750 senior banking leaders, and...