Legislative Activity

  • May 24, 2019
    Fifth Third Bank recently revealed a fresh, hip design for its next-generation branch, to be used in all of its new, relocated or remodeled branch locations. The first next-generation branch opened last week inside the new Kroger Store in Green Township, Ohio. Say goodbye to teller lines and windows, say hello to informal meeting spaces and couches! Cajun Thoughts: CFPB APPOINTS PERMANENT DEPUTY...
  • May 22, 2019
    CBA Comments on H.R. 1500, Green Amendment “Instead of partisan legislation, the CFPB needs a bipartisan, Senate confirmed commission to serve as a proper check on the power and ability of the Bureau’s sole director to act unilaterally.” WASHINGTON – In advance of the House of Representatives’ consideration of the Consumer First Act (H.R. 1500), the Consumer Bankers Association wrote Members of...
  • May 20, 2019
    Helping struggling borrowers and fixing the federal student loan system were discussed this week at a joint event hosted by CBA, the Bipartisan Policy Center and the Aspen Institution. Rep. Donna Shalala (D-Fla.), top left, offered keynote remarks and stressed the need for better disclosures on federal loans. CBA’s Kris Fallon, center top, presented CBA’s policy recommendations for improving the...
  • April 22, 2019
    CFPB Director Kraninger offered her first public remarks on Wednesday at a Bipartisan Policy Center event, laying out her vision for the Bureau . Prior to her remarks, several members of the CBA Team attended a breakfast with her. Cajun Thoughts: DIRECTOR KRANINGER’S FIRST PUBLIC REMARKS Many members of the CBA Team attended CFPB Director Kathy Kraninger’s first public remarks as head of the CFPB...
  • March 18, 2019
    CBA Statement on White House Higher Education Act Reform Principles CBA poll shows Americans support Administration’s call to place responsible caps on federal student loans to allow access to higher education while preventing overborrowing WASHINGTON, D.C. – The Consumer Bankers Association today released the following statement supporting many of the reforms the Administration outlined in the...
  • 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...
  • 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...
  • 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...
  • December 3, 2018
    CBA Statement on Regulators BSA/AML Innovation Announcement WASHINGTON – The Consumer Bankers Association today said the announcement made by the U.S. Department of Treasury’s Financial Crimes Enforcement Network and prudential regulators encouraging financial institutions to explore more innovative approaches to combat money laundering and illicit terrorist financing is an important first step...
  • November 16, 2018
    Cajun Thoughts: Thanksgiving is one of my favorite times of the year. In addition to being thankful for my family and 5 friends, I am thankful to be with the CBA Family … 69 great corporate members , 110 associate members , 466 committee members , and 27 ( 4 more on the way ) CBA Team members . Most importantly, don’t forget the Dallas Cowboys play at 4:00 PM on Thanksgiving Day . Short of any...

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