Browsing: CFPB reform

Legal Judge grants win to ABA, Chamber in lawsuit over CFPB UDAAP exam manual

A federal judge in Texas today granted summary judgment to ABA, the Texas Bankers Association, the U.S. Chamber of Commerce and several other co-plaintiffs in their challenge to the CFPB’s UDAAP exam manual, in which the bureau unlawfully expanded the statutory definition of “unfairness” to encompass discrimination.

Newsbytes ABA, trade groups: CFPB research skirts legal requirements

In a joint letter, ABA, the U.S. Chamber of Commerce and three other banking and credit union trade associations criticized the Consumer Financial Protection Bureau’s proposed study of disclosures as circumventing Paperwork Reduction Act requirements intended to ensure agency research maximizes the utility of information collected.

Newsbytes ABA expresses support for CFPB reform bills

The American Bankers Association today shared its views on legislation currently before the House Financial Services Committee for markup, including several bills on Consumer Financial Protection Bureau reform

Newsbytes House Republicans seek answers on CFPB’s credit card fee rule

A proposal by the CFPB to limit credit card late fees would have negative economic consequences for consumers and the agency needs to explain the process it used to draft the rule, Rep. Andy Barr (R-Ky.), House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and 16 House Republicans said this week in a letter to the agency.

Newsbytes Nichols: ABA won’t ‘sit idly by’ if regulators overstep their authority

While ABA is engaging with banking regulators in constructive ways, it is also pushing back against a range of rulemakings and regulatory changes that will do more harm than good if enacted, and it is willing to go to court to fight those proposals, ABA President and CEO Rob Nichols said this week at the Conference for Community Bankers in Orlando.

Legal ABA, associations seek summary judgment in CFPB lawsuit

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.

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