Consumer Protection
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...
November 9, 2018Cajun 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, 2018Cajun 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, 2018My 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, 2018CBA 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...
CBA Letter to Regulators on Fintech Deposit Account Consumer Protections