CBA in the News

Press Contact

Bobby Grant
bgrant@consumerbankers.com
202-552-6365
  • February 7, 2017
    Bankers involved in consumer finance met Tuesday with Senate Democrats to encourage them to consider backing a plan to convert the Consumer Financial Protection Bureau into a bipartisan commission. Ross Carey, an executive vice president at U.S. Bancorp and chairman of the Consumer Bankers Association, told Morning Consult that the CBA’s board had meetings scheduled with about a dozen Senate...
  • February 7, 2017
    Drastic changes may be in the works for the Dodd-Frank Act, but the question for banks is whether Republicans will go too far. President Trump has repeatedly called for overhauling the crisis-era law, most recently issuing an executive order that directs the financial agencies to consider scaling back regulations. The action follows his promise to “do a big number” on the “disaster” that is Dodd-...
  • February 6, 2017
    CBA President and CEO Richard Hunt discusses Dodd-Frank reform on CNBC's Squawk Box Asia.
  • February 6, 2017
    It has taken seven years to put in place the regulatory strictures imposed on Wall Street after the financial crisis. They won’t be removed fast or easily. President Donald Trump’s Friday directive that set in motion a scaling back of the Dodd-Frank Act was more pageantry than policy, said lawyers and former government officials who worked on the 2010 law. While the expectation for quick action...
  • February 6, 2017
    Before Tom Brady and the New England Patriots claimed another Super Bowl victory on Sunday night, President Trump released his latest executive order and outlined what he called the “core principles” of financial system regulation, generating a wide array of industry-supporting and consumer-backing organization reactions. These “core principles” arrived at the same time Trump instructed the...
  • February 3, 2017
    During the Obama administration, U.S. banks were often at loggerheads with the federal government over unwanted automated calls to consumers. But in the early days of Donald Trump's presidency the industry has good reason to believe that some of the existing restrictions will be softened. Such changes could be a source of substantial savings for banks and credit unions, particularly in the realm...
  • February 3, 2017
    Wall Street welcomes Trump the deregulator President prepares to row back Dodd-Frank reforms — but faces limits on how far he can go Wall Street could hardly hide its enthusiasm on Friday as Donald Trump prepared to follow through on plans to loosen regulation of the banking industry — just two weeks after he entered the White House. Mr Trump had pledged on the campaign trail to sweep away...
  • January 31, 2017
    During the Obama administration, U.S. banks were often at loggerheads with the federal government over unwanted automated calls to consumers. But in the early days of Donald Trump's presidency the industry has good reason to believe that some of the existing restrictions will be softened. Such changes could be a source of substantial savings for banks and credit unions, particularly in the realm...
  • January 18, 2017
    The Office of the Comptroller of the Currency’s plan to offer national charters to financial technology firms drew a range of reactions from the traditional financial industry, running from lukewarm support to staunch opposition. While the comment period ended Tuesday for the OCC’s white paper that proposed the new charter, the federal regulator hasn’t announced a start date for charter...
  • January 17, 2017
    The question of what constitutes a bank is at the heart of the opposition by industry groups, consumer advocates and state regulators to a landmark financial technology proposal. At stake is a regulatory step that could shape the future of finance for Americans. Though the proposal by the Office of the Comptroller of the Currency to extend to fintech startups some privileges that banks receive...

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