CBA in the News

Press Contact

Bobby Grant
bgrant@consumerbankers.com
202-552-6365
  • June 13, 2017
    The U.S. Treasury Secretary Steven Mnuchin unveiled the much-anticipated report on the department's assessment of the financial market as ordered by President Donald Trump earlier this year. The report details potential executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief, according to the Treasury. Though, to be sure, the timeline of...
  • June 13, 2017
    Top lobbying groups for the financial industry are pushing back against the Consumer Financial Protection Bureau as the regulator ratchets up pressure on credit products that can lure in customers with zero-interest terms but later surprise them with high charges. Earlier this month, on the same day CFPB Director Richard Cordray announced he had sent letters to top credit card companies urging...
  • June 13, 2017
    Treasury secretary Steven Mnuchin has responded to Donald Trump’s call for a regulatory break for US banks, announcing a slew of recommendations designed to overhaul a regime that aides say has been “disastrous” for the world’s largest economy. Some of the recommendations contained within a 147-page report , released on Monday evening, will require the support of Congress — which could be...
  • June 12, 2017
    CBA’S HUNT ON REGS — Consumer Bankers Association chief Richard Hunt sat down with the AP to talk politics, competition and Wells Fargo. Read more .
  • June 12, 2017
    WASHINGTON — The Treasury Department released its highly anticipated report on revamping financial industry regulations late Monday, including many expected recommendations while also offering up some surprises. In some respects, the report echoes a bill passed by the House last week, including a leverage ratio “off-ramp” from many post-crisis rules, a significant paring back of the Federal...
  • June 12, 2017
    President Donald Trump's Treasury Department called for broad changes in the way the government oversees the nation's banks, including a plan to rein in the Democrats’ crown jewel of regulation: the Consumer Financial Protection Bureau. In its first substantive move into the financial regulatory debate, the Treasury Department issued a report Monday calling for the popular watchdog agency to be...
  • June 11, 2017
    A slew of banking issues are on the agenda in Washington right now, from proposals to roll back some of the regulations implemented after the financial collapse a decade ago to questions over the structure of the Consumer Financial Protection Bureau . Wells Fargo is still in the headlines, feeling more repercussions from its scandal over fake accounts. Banks are also facing pressure from Silicon...
  • June 9, 2017
    By Nick Zulovich Senior Editor WASHINGTON, D.C. - While lawmakers from opposing parties either cheered or jeered the vote tally, industry advocates from the banking, financial services and dealership communities on Thursday all applauded the U.S. House of Representatives for passing H.R. 10, the Financial CHOICE Act. The measure is a comprehensive financial reform bill that includes what one...
  • May 30, 2017
    On May 24, 2017, Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, agreed to remove the repeal of the Durbin Amendment from the second discussion draft of the Financial CHOICE Act (“CHOICE 2.0”). The Durbin Amendment, an amendment to the Electronic Fund Transfer Act added by section 1075 of the Dodd-Frank Act, requires the Federal Reserve Board to adopt...
  • May 26, 2017
    The notion of establishing a multimember bipartisan commission to lead the Consumer Financial Protection Bureau (CFPB) has significant support among voters in key battleground states, according to a recent poll commissioned by the Consumer Bankers Association (CBA), the Independent Community Bankers of America (ICBA) and the American Land Title Association (ALTA). Read on to learn about the...

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