CFPB

Enactment of the Dodd-Frank Act created the Consumer Financial Protection Bureau, an agency charged with carrying out federal consumer financial laws. We are focused on retail banking products and services, making CBA the industry resource on the CFPB. Our insights and analysis on CFPB-related issues, along with the latest news and information, provides our members with the necessary tools to navigate this new regulatory environment.
  • March 24, 2017
    Wishing Former CBA Board Chair Mary Navarro of Huntington Well in Retirement Mary Navarro has been an indefatigable asset to CBA since she first joined our board in 2004 and served as Chair in 2011. There are very few in the industry who know the heart of retail banking as well as she does. Her dedication, passion, and care for this industry has been a shining light for CBA during what has been a...
  • March 23, 2017
    On Thursday, March 23, 2017, the CFPB took action against Experian and its subsidiaries for deceiving consumers about the use of credit scores it sold to consumers. Experian claimed the credit scores it marketed and provided to consumers were used by lenders to make credit decisions when in fact, lenders did not use Experian’s scores to make those decisions. The CFPB ordered Experian to pay a...
  • March 22, 2017
    Download Whitepape r. KPMG LLP (KPMG) is pleased to announce the release of the new point-of-view document related to our Chief Compliance Officer (CCO) Survey findings , The compliance journey: Boosting the value of compliance in a changing regulatory climate . In a time of new U.S. administrative impacts to the regulatory environment, determining how to boost the value you get from your...
  • March 21, 2017
    March 21, 2016 The Honorable Ann Wagner Chairman Subcommittee on Oversight and Investigations Committee on Financial Services U.S. House of Representatives 2129 Rayburn House Office Building Washington, D.C. 20515 The Honorable Al Green Ranking Member Subcommittee on Oversight and Investigations Committee on Financial Services U.S. House of Representatives 4340 O’Neill House Office Building...
  • March 20, 2017
    The parade of legal developments leading toward the U.S. Court of Appeals for the District of Columbia Circuit rehearing an important case involving the Consumer Financial Protection Bureau has started in earnest. First, the American Financial Services Association, along with a dozen other organizations, delivered an amicus brief — a legal document filed in appellate court cases by non-litigants...
  • March 17, 2017
    CFPB Seeks Comment on Remittance Rule | On Friday, March 17, 2017, the CFPB announced its five-year assessment of the remittance rule as required by section 22(d) of the Dodd-Frank Act. The Bureau must file a report on the effectiveness of the rule no later than five years after the rule’s October 28, 2013 effective date. Prior to issuing the report, the agency is required to seek public comment...
  • March 17, 2017
    Three Weeks to CBA LIVE: Get Your Boots and Jeans Ready! With record-breaking banker attendance, a sold-out exhibit hall and over 1,300 attendees, CBA LIVE: Where [ it ] Begins is 2017's biggest retail banking event of the year. Be sure to join us in Dallas, April 3-5, at the Gaylord Texan to catch entrepreneur, Heisman Trophy winner and former Dallas Cowboys Quarterback Roger Staubach ,...
  • March 17, 2017
    On Friday, March 10, 2017, CBA and other trades, filed an amicus brief in the matter of PHH Corporation v. The Consumer Financial Protection Bureau by the D.C. Circuit Court. On Thursday, February 16, 2017, the Court granted a rehearing petition, which will be en banc, meaning the full circuit bench will hear the case. The Court scheduled oral arguments for May 24, 2017, and has provided for a...
  • March 15, 2017
    On Wednesday, March 15, 2017, the CFPB ordered Nationstar Mortgage LLC to pay a $1.75 million civil penalty for violating HMDA by consistently failing to report accurate data about mortgage transactions in 2012 through 2014. Nationstar, a nationwide nonbank mortgage lender headquartered in Coppell, TX, is a wholly-owned subsidiary of Nationstar Mortgage Holdings Inc. With nearly three million...
  • March 14, 2017
    If you’ve ever had to dispute a charge on a credit card, fix a mix-up with your mortgage or stop a debt collector from hounding you, you’ve benefited from the work of a federal watchdog agency that is now under fire in Washington. The Consumer Financial Protection Bureau arguably has done as much to change the financial lives of consumers as any other government agency in history. Most Americans...

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