Members of the Texas Bankers Association (TBA) Executive Committee met with Elizabeth Warren, assistant to the president and special adviser, Secretary of the Treasury, Consumer Financial Protection Bureau (CFPB), last month to address concerns with the CFPB. She is very serious about simplifying TILA and RESPA for traditional FDIC-insured institutions. She is also very serious about simplifying credit card disclosures, both of which are steadfastly designed to assist consumers. US Rep Randy Neugebauer has proposed cutting the CFPB appropriation in half and having a five-member commission oversee her operation. These are certainly changes the TBA supports.
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