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.
  • January 4, 2022
    This week, the Consumer Financial Protection Bureau (CFPB) will receive input from stakeholders in response to its Notice of Proposed Rulemaking (NPRM) to expand data collection requirements for financial institutions in the small business lending market under Section 1071 of the Dodd-Frank Act. Here’s what’s happening, why it matters and how the CFPB can protect access to credit for small...
  • December 16, 2021
    Consumer Bankers Association President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a series of orders to collect information on the business practices of five fintech companies offering “buy now, pay later” (BNPL) credit, including: Affirm, Afterpay, Klarna, PayPal, and Zip. “It’s good to see the CFPB take this much-...
  • December 7, 2021
    In a new letter sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association and the American Bankers Association (ABA) reiterated their shared commitment to advancing the Bureau’s mission of protecting all consumers in the rapidly evolving financial marketplace, regardless of where consumers go to meet their financial needs. The letter was sent in response to...
  • December 6, 2021
    To Whom It May Concern: The Consumer Bankers Association (CBA) and the American Bankers Association (ABA) appreciates the opportunity to submit comments to the Consumer Financial Protection Bureau (Bureau) in response to the Bureau’s notice and request for comment regarding the Bureau’s inquiry into big tech payment platforms. CBA and ABA support the Bureau’s focused efforts to prevent regulatory...
  • November 15, 2021
    In a new Banking Dive op-ed , Consumer Bankers Association (CBA) President and CEO Richard Hunt advocates for the Consumer Financial Protection Bureau (CFPB) to establish clear and transparent rules of the road in lieu of enforcement when creating new guidelines or interpretations of existing regulatory standards. With last Friday marking one month since CFPB Director Rohit Chopra was officially...
  • October 26, 2021
    Consumer Bankers Association President and CEO Richard Hunt today sent the following letter to the Chairs and Ranking Members of the House Financial Services Committee and Senate Banking Committee ahead of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress this week. The hearings mark Director Rohit Chopra’s first Congressional testimony since he was officially sworn...
  • October 21, 2021
    Following the official swearing-in of Rohit Chopra as the third permanent Director of the Consumer Financial Protection Bureau (CFPB) last week , the Consumer Bankers Association today released “The Case For Regulation Through Rulemaking & Guidance,” a new white paper advocating for the Bureau to utilize rulemaking and informal written guidance in lieu of enforcement when creating new...
  • October 21, 2021
    Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a series of orders to collect information on the business practices of large technology companies operating payments systems in the United States. The initial orders were sent to Amazon, Apple, Facebook, Google, PayPal, and Square. “...
  • October 4, 2021
    In a new letter sent to the recently-Senate confirmed Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, Consumer Bankers Association (CBA) President and CEO Richard Hunt urges the Bureau to ensure the highest level of consumer protections are upheld, regardless of where consumers go to meet their financial needs. In the letter , CBA encourages Director Chopra to utilize...
  • September 30, 2021
    Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. Senate confirmed Rohit Chopra to serve as the next Director of the Consumer Financial Protection Bureau (CFPB): “Congratulations to Commissioner Chopra on his confirmation to lead the CFPB. CBA looks forward to working with Mr. Chopra to ensure the most thorough consumer protection...

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