Consumer Bankers Association

CFPB to Investigate Credit Card Reward Programs Following Consumer Complaints
CFPB to Investigate Credit Card Reward Programs Following Consumer Complaints
March 26, 2024  |  Loyalty & Rewards

The Consumer Financial Protection Bureau (CFPB) will reportedly take a closer look at credit card reward programs. This move follows an increase in the number of complaints...

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CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
March 07, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late...

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Debate Sharpens on Medical Payment Products as CFPB Seeks More Info
Debate Sharpens on Medical Payment Products as CFPB Seeks More Info
September 12, 2023  |  Healthcare

The debate over medical payment products — and, by extension, consumer choice — is sharpening between banks, innovators and regulators. To that end, the Bank...

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Two Banking Groups Call For Automatic PPP Loan Forgiveness
Two Banking Groups Call For Automatic PPP Loan Forgiveness
June 03, 2020  |  Loans

The Consumer Bankers Association and Bank Policy Institute, in a co-signed letter, have called on Congress to automatically forgive Paycheck Protection Program (PPP) loans under $150,000....

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Bank Of America Can Now Accept Small Business Relief Applications
Bank Of America Can Now Accept Small Business Relief Applications
April 03, 2020  |  Coronavirus

Bank of America has reportedly become the first large bank to be able to take digital applications for the $350 billion small business loan program...

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CFPB Pushes Pause On Payday Rule
CFPB Pushes Pause On Payday Rule
June 07, 2019  |  Regulation

The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. 19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday)...

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OCC Puts Small-Dollar Loans Back In The Spotlight
OCC Puts Small-Dollar Loans Back In The Spotlight
May 24, 2018  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The...

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House Approves Bills To Prevent Financial Abuse Of Seniors
House Approves Bills To Prevent Financial Abuse Of Seniors
January 31, 2018  |  Safety and Security

A duo of bills passed in the U.S. House of Representatives on Monday (Jan. 29) that would curb financial abuse of senior citizens and also...

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Bankers To CFPB: Help Us Help Families In Need
Bankers To CFPB: Help Us Help Families In Need
September 28, 2017  |  Bank Regulation

By now, the sobering statistics are familiar: Nearly half of American adults say they could not cover an unexpected expense of $400, according to the...

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