CBA in the News

Press Contact

Jacqueline Ortiz Ramsay
jramsay@consumerbankers.com
202-552-6371
  • December 2, 2016
    The historic announcement by the Office of the Comptroller of the Currency granting national bank charters to fintech firms is exposing the stark differences between banks in their approach to the upstarts that are disrupting the industry. Representatives of larger banks praised the limited charter principles for setting high standards, while community banks — more threatened by the emerging...
  • December 2, 2016
    The hardest lesson too many college students are learning is the true cost of their federal student loans when the bill from Uncle Sam comes due. Unlike disclosures from private lenders for mortgages, car loans and student loans, the U.S. Department of Education withholds critical financial information meant to inform borrowers of loan terms before funds are provided. Meanwhile, the Consumer...
  • November 30, 2016
    Steven Mnuchin is in for a bumpy ride on the road to confirmation if leading Democratic senators follow through on their threatening statements about President-elect Donald Trump’s pick for Treasury secretary. The transition team on Wednesday said Trump will nominate Mnuchin for the top Treasury post. Liberal Democrats were swift to react. Sens. Elizabeth Warren (Mass.) and Bernie Sanders (I-Vt...
  • November 17, 2016
    Progressive Democrats sent a letter to congressional leadership on Thursday urging them not to pass a budget bill that would reform the Consumer Financial Protection Bureau and other components of the Dodd-Frank Act. "Congress must not include in end-of-year funding legislation any riders designed to repeal, undermine, or delay any provisions of Wall Street reform," said the letter from Sen...
  • November 17, 2016
    Christmas has arrived early for Wall Street in the early days of the Donald Trump era. A populist candidate who railed against shady financial interests on the campaign trail is now putting together an administration that looks like an investment banker’s dream. Former Goldman Sachs banker Steven Mnuchin has been seen at Trump Tower amid rumors that he’s the leading candidate for Treasury...
  • November 14, 2016
    Sen. Elizabeth Warren, D-Mass., delivered a blunt message to fellow Democrats on Monday, warning them not to support efforts to restructure the Consumer Financial Protection Bureau. But whether the progressive Democrat can hold the line with her colleagues — or stave off Republican attempts to rejigger the agency using filibuster reform and other unusual legislative actions — remains to be seen...
  • November 11, 2016
    President-elect Donald Trump's potential candidates for Treasury secretary are being praised for their business experience, while consumer advocates are probing their past investments and work on Wall Street. Steve Moore, an economic adviser to Trump, said in an interview that Steve Mnuchin, the Republican's campaign finance chairman and a former Goldman Sachs executive, would be a front-runner...
  • November 11, 2016
    The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. That may mean the end of many of the agency's rule-making actions that have enraged critics, including a proposal to stop...
  • November 11, 2016
    The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. That may mean the end of many of the agency’s rule-making actions that have enraged critics, including a proposal to stop...
  • November 11, 2016
    A day of reckoning has arrived for Elizabeth Warren’s favorite regulator. Republicans -- as well as many lobbyists -- have long vilified the controversial Consumer Financial Protection Bureau, created in the wake of the financial crisis, for having scant accountability and writing rules that harm banks. Next year when the party controls both the U.S. Congress and White House, they’re finally in a...

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