- CBA on
- CBA Media
- May 23, 2017Fate of Elizabeth Warren's CFPB to Be Decided by Legal Showdown An appeals court will hear arguments regarding the Consumer Financial Protection Bureau and its chief Richard Cordray on Wednesday. By Elizabeth Dexheimer (Bloomberg) --Since the day it was created, Democrats loved it, Republicans hated it and Wall Street, at best, tolerated it. The fate of the Consumer Financial Protection Bureau...
- May 23, 2017Since the day it was created, Democrats loved it, Republicans hated it and Wall Street, at best, tolerated it. The fate of the Consumer Financial Protection Bureau and its chief, Richard Cordray, is in the hands of a Washington appeals court that will hear arguments Wednesday. The CFPB asked the court to reconsider its 2016 decision involving the agency’s punishment of New Jersey mortgage company...
- May 22, 2017Industry groups hailed the results, arguing that Democrats should be open to changing the CFPB to a commission given the public’s support. “With the 2018 elections coming up, members of Congress in key battleground states may find these results useful, as voters, regardless of party affiliation, believe the best way forward for consumers and small businesses is through a commission made up of a...
- May 22, 2017May 22, 2017WASHINGTON, D.C. - While the latest U.S. House proposal to modify the Consumer Financial Protection Bureau keeps the agency overseen by a single director, it appears the sentiment of more than just industry supporters within the Capital Beltway is strong for the bureau to be supervised by a multiple-member panel. According to a news release delivered on Monday, 58 percent of registered voters in...May 22, 2017The highly contested leadership structure of the Consumer Financial Protection Bureau should be a bipartisan commission if it was up to voters to decide. The Consumer Bankers Association , the Independent Community Bankers of America , and the American Land Title Association teamed up to commission a Morning Consult poll of registered voters in key battleground states, including Indiana, Maine,...May 15, 2017Federal Housing Finance Agency Director Mel Watt recently delivered a stark warning about the financial stability of government-sponsored housing enterprises. But some experts doubt lawmakers will move any faster on housing reforms as a result. On Thursday, Watt offered a downbeat view of capital buffer levels at Fannie Mae and Freddie Mac, during a Senate Banking Committee hearing. Still, the...May 2, 2017Independent Community Bankers of America President and Chief Executive Camden Fine announced Tuesday that he plans to retire in May 2018. Fine, who has long rallied Capitol Hill for small bank regulatory relief, has worked for the community bank trade association since 2003. Rebeca Romero Rainey, ICBA’s former chairwoman, will succeed him, the group’s current chairman Scott Heitkamp announced...May 1, 2017Policymakers in Washington regularly trigger the law of unintended consequences, hurting the very people they profess to help. A prime example is the Durbin Amendment, a last-minute addition to the Dodd-Frank Act that placed the Federal Reserve in charge of pricing debit-card transactions and established new rules for how those transactions are routed. This misguided effort to regulate debit-card...April 21, 2017As reforming the Dodd-Frank Act takes center stage in Washington, it is important for federal lawmakers to hunker down and get this one right. Consumers and bankers alike stand to benefit from reform, but balance is key. When it comes to financial policy, a balanced approach to reform is essential to a healthy banking sector, and preserving consumer choice and access to credit. These days...