The American Bankers Association and six other trade groups on Tuesday asked a federal court in Texas to grant summary judgment in their lawsuit against the CFPB for exceeding its legal authority when it expanded the definition of “unfairness” to encompass discrimination in the UDAAP exam manual earlier this year.
The Consumer Financial Protection Bureau today issued guidance on certain overdraft and depositor bank fees that the agency alleged “are likely unfair and unlawful.”
Before issuing a proposed rule, the CFPB must convene a panel of small businesses that represent their markets to provide input.
A three-judge panel of the Fifth Circuit Court of Appeals today ruled that the Consumer Financial Protection Bureau’s funding structure violates the separation of powers clause of the Constitution.
The American Bankers Association today joined a coalition of financial services trade associations in a follow-up letter to the Consumer Financial Protection Bureau regarding a recent request for comment on proposed revisions to an existing information collection on credit card terms for consumer and college credit card agreements.
ABA and six other trade groups today sued the Consumer Financial Protection Bureau and Director Rohit Chopra for exceeding the agency’s legal authority in a March update to the UDAAP exam manual, in which the bureau expanded the statutory definition of “unfairness” to encompass discrimination.
The agency is exploring ways to improve mortgage refinances for homeowners who would benefit from it, especially for smaller loan balances.
The Consumer Financial Protection Bureau under Director Rohit Chopra is pursuing “a radical and highly-politicized agenda unbounded by statutory limits,” the 12 Republican members of the Senate Banking Committee said today in a letter to the agency.
The American Bankers Association and several banking trade groups today called on the CFPB to provide additional information on a recent request for comment on proposed revisions to an existing information collection on credit card terms for consumer and college credit card agreements.
The American Bankers Association joined the Consumer Bankers Association and Bank Policy Institute in asserting that banks provide superior customer service through a variety of channels and tools—including branches, online, mobile applications and telephone—in a comment letter submitted today.