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Consumer Finance Monitor

Finance Industry Files Lawsuit to Overturn CFPB Arbitration Rule

By Alan S. Kaplinsky & Mark J. Levin
September 29, 2017

The U.S. Chamber of Commerce, American Bankers Association, the Consumer Bankers Association, Financial Services Roundtable, American Financial Services Association, Texas Association of Business, Texas Bankers Association, and nine chambers of commerce located throughout Texas today filed a lawsuit in Texas…

Consumer Finance Monitor

Trade groups comment on CFPB arbitration proposal

By Alan S. Kaplinsky & Mark J. Levin
August 23, 2016

The American Bankers Association, the Consumer Bankers Association and The Financial Services Roundtable (Associations) have filed a joint letter commenting on the CFPB’s proposed rule regulating consumer arbitration agreements in financial services contracts. Ballard Spahr served as counsel to the…

Consumer Finance Monitor

Trade groups comment on CFPB final arbitration study results

By Alan S. Kaplinsky & Mark J. Levin
July 14, 2015

The American Bankers Association, the Consumer Bankers Association and The Financial Services Roundtable (Associations) have filed a joint letter commenting on the final results of the CFPB’s arbitration study released in March 2015.  Ballard Spahr served as counsel to the…

Consumer Finance Monitor

Trade groups urge CFPB to solicit public comments on arbitration study

By Barbara S. Mishkin
May 27, 2015

Five leading financial services industry trade groups have sent a letter to the CFPB urging it to solicit public comments on the final results of its arbitration study before deciding whether to initiate a rulemaking proceeding pursuant to Section 1028(b)…

Consumer Finance Monitor

Financial Services Roundtable and CFPB join forces in financial education initiative

By Barbara S. Mishkin
January 28, 2015

The Financial Services Roundtable and CFPB are joining forces in a nationwide public-private initiative to promote effective financial education.  According to an announcement posted on the Roundtable’s website, the CFPB and Roundtable plan to work together to facilitate the gathering…

Consumer Finance Monitor

Industry trade groups provide recommendations to CFPB on TILA-RESPA implementation

By Marc Patterson
September 25, 2014

Sixteen industry trade groups, including the American Bankers Association, the Mortgage Bankers Association, and Financial Services Roundtable, have sent a letter to Director Cordray in which they requested that the CFPB provide additional guidance to help the mortgage industry implement…

Consumer Finance Monitor

Industry trade group launches campaign targeting CFPB plan to disclose complaint narratives

By Barbara S. Mishkin
August 20, 2014

The Financial Services Roundtable has launched as multimedia campaign to challenge the CFPB’s proposal to expand the consumer complaint data that it publicly discloses to include complaint narratives.

In its announcement of the campaign, the Roundtable called the proposal a “plan…

Consumer Finance Monitor

Industry trade groups seek more time to comment on CFPB proposal to disclose consumer complaint narratives

By Barbara S. Mishkin
July 24, 2014

Five prominent industry trade groups have sent a letter to the CFPB asking for at least 90 days to comment on the CFPB’s proposal to expand the complaint data that it publicly discloses in its Consumer Complaint Database to include…

Consumer Finance Monitor

Debt collection complaints: a numbers game?

By John L. Culhane, Jr.
April 1, 2014

A joint comment letter on the CFPB’s ANPR on debt collection practices was submitted by the American Bankers Association, the Consumer Bankers Association, and the Financial Services Roundtable.  In their letter, the trade groups noted an “unexplained inconsistency” between the…

Capital Thinking

Infrastructure Owners Advocate for Information Sharing Legislation; NIST Hold Final Cybersecurity Framework Workshop

By Capital Thinking
November 18, 2013

Legislative Activity
Information Sharing Legislation
Last week, the chief executives of the American Bankers Association, Financial Services Roundtable and Securities Industry and Financial Markets Association sent a letter to Senate Select Committee on Intelligence Chairman Dianne Feinstein (D-CA) and Ranking…

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