CBA in the News

Press Contact

Bobby Grant
bgrant@consumerbankers.com
202-552-6365
  • February 16, 2017
    A federal appellate court announced Thursday that it would review a decision finding that the structure of the Consumer Financial Protection Bureau is unconstitutional, temporarily undoing an earlier decision that said the president is allowed to fire the agency's director at will. The United States Court of Appeals for District of Columbia Circuit said that the full court would rehear the case,...
  • February 16, 2017
    A U.S. appeals court said on Thursday it will reconsider an October ruling that the Consumer Financial Protection Bureau's structure is unconstitutional, virtually guaranteeing the battle over an agency borne of the financial crisis will reach the Supreme Court. A full panel of 10 judges on the U.S. Court of Appeals for the District of Columbia Circuit will decide the case after hearing oral...
  • February 9, 2017
    WASHINGTON – The Consumer Bankers Association is hoping that moderate Democrats will finally get on board with converting the Consumer Financial Protection Bureau to a five-member commission rather than a single director, despite continued opposition from Sen. Elizabeth Warren, D-Mass., to such a move. The trade group says the “whipsaw effect” of having a single director who can quickly tack the...
  • February 9, 2017
    House Financial Services Chairman Jeb Hensarling is strengthening his attack on the Consumer Financial Protection Bureau and scaling back regulations on bank living wills and stress tests in new legislation expected to be introduced soon, according to a memo obtained by CNBC. The bill is more aggressive than the version of the Financial Choice Act passed by the committee last fall, with some of...
  • February 8, 2017
    WASHINGTON — 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 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...
  • February 8, 2017
    Johnson Tyler, a longtime legal aid attorney in Brooklyn, often spends his days battling financial companies on behalf of aggrieved low-income clients. Not much has changed in the wake of the Great Recession, despite new federal rules meant to better protect households from financial misconduct, except in one area: When Tyler complains about a large company, the company actually responds. “It’s...
  • 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...

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