Tag Archives: Consumer Bankers Association

A broad array of industry spokespersons discussed how the new administration can work with the industry, as well as voicing some concerns over the departure of Kathleen Kraninger from the CFPB.

Consumer Financial Protection Bureau Deputy Director Steven Antonakes hinted at possibly extending the August 1 implementation deadline for new mortgage disclosure if vendors weren’t ready, in a speech he gave today, sending industry talks into frenzy. But according to Sam Gilford, spokesman for the CFPB, the deadline will not be extended.

The CFPB this week proposed a new rule to allow consumers that post complaints the option to opine on the details on its public-facing database. The banking and servicing community is concerned at the idea, with the Consumer Bankers Association's CEO, Richard Hunt, commenting that the proposed system runs the risk of being too one-sided.