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.
  • December 14, 2022
    In a new letter sent to the House Financial Services and Senate Banking Committees ahead of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress, the Consumer Bankers Association (CBA) outlined legislative and regulatory recommendations intended to protect and expand consumers’ access to the financial tools they rely on to meet their needs. Since the Bureau’s inception...
  • December 9, 2022
    Dear Chairwoman Waters and Ranking Member McHenry: The Consumer Bankers Association (CBA) submits the following comments for the hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” We appreciate the committee’s continued oversight of the Consumer Financial Protection Bureau (CFPB or Bureau) and its activities. CBA is the voice of the retail banking...
  • October 26, 2022
    Consumer Bankers Association (CBA) President & CEO Lindsey Johnson today issued the following statement after the Consumer Financial Protection Bureau (CFPB) released new guidance concerning bank fees: “The nation’s largest banks have introduced new, innovative products and policies designed to provide consumers greater choice, transparency, and control of their money. These changes were made...
  • October 3, 2022
    The Consumer Bankers Association (CBA), American Bankers Association, Bank Policy Institute, and The Clearing House today issued the following statement in response to a new report released by Senator Elizabeth Warren (D-Mass.) concerning Zelle: “Today’s report from Sen. Warren fails to acknowledge that 99.9% of the 5 billion transactions processed on the Zelle network in the past 5 years were...
  • September 28, 2022
    The Consumer Bankers Association (CBA), American Bankers Association (ABA), U.S. Chamber of Commerce, Independent Bankers Association of Texas (IBAT), Texas Bankers Association, Longview Chamber of Commerce, and the Texas Association of Business today jointly filed a lawsuit against the CFPB, challenging the legality of recent changes made by the agency to the Unfair, Deceptive, or Abusive Acts...
  • September 15, 2022
    The market for personal loans is massive and growing, yet the fintechs and other non-bank lenders who make such loans are not subject to regular oversight by the Consumer Financial Protection Bureau (CFPB), which has “created an unlevel playing field and a large risk to consumers,” write the Consumer Bankers Association (CBA) and the Center for Responsible Lending (CRL). Today, the groups jointly...
  • September 15, 2022
    The market for personal loans is massive and growing, yet the fintechs and other non-bank lenders who make such loans are not subject to regular oversight by the Consumer Financial Protection Bureau (CFPB), which has “created an unlevel playing field and a large risk to consumers,” write the Consumer Bankers Association (CBA) and the Center for Responsible Lending (CRL). The groups jointly filed...
  • August 22, 2022
    WASHINGTON, DC – The Consumer Bankers Association, American Bankers Association, and the Bank Policy Institute jointly responded today to the Consumer Financial Protection Bureau’s (CFPB) request for information about customer service practices at large financial institutions. The letter challenges the legal basis for the CFPB’s inquiry and objects to the Bureau’s assertion that banks are...
  • August 22, 2022
    August 22, 2022 Comment Intake – Relationship Banking Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Re: Docket No. CFPB-2022-0040 Re: Comments in Response to Request for Information Regarding Relationship Banking and Customer Service, Docket No. CFPB-2022-0040 To Whom it May Concern: The Bank Policy Institute,[1] the Consumer Bankers Association,[2] and the American...
  • August 2, 2022
    Eight national trade groups—including the Consumer Bankers Association, American Bankers Association, Credit Union National Association, Housing Policy Council, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions, National Bankers Association, and The Clearing House Association—today petitioned the Consumer Financial Protection Bureau to initiate a...

Pages