Consumer Protection
March 15, 2019CBA 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 15, 2019CBA Calls for Uniform National Data Security Standard 93 percent of exposed records from non-financial institutions WASHINGTON, D.C. – The Consumer Bankers Association today wrote Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) to offer feedback to the committee’s request for information on data privacy, protection and collection. CBA also called...
March 12, 2019CBA 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 8, 2019Generally available consumer credit scoring models can provide great value to lenders in evaluating the risk of loan applicants. These models are designed to distill the predictive power of a large number of consumer factors into a single, easily understood score. While the credit scoring models work well in estimating default likelihood over time, all models eventually may need to be evaluated...
March 8, 2019Awesome 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, 2019CBA 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, 2019CBA 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, 2018December 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...
CBA Crapo-Brown Submission on Privacy