Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • June 20, 2018
    CBA Submits Comments on BCFP Adopted Regulations Washington, D.C. – The Consumer Bankers Association submitted comments to the Bureau of Consumer Financial Protection’s request for information on adopted regulations and new rulemaking authorities. In the letter, CBA focused on recommendations designed to promote consumer access to credit, encourage the use of digital channels and improve...
  • June 7, 2018
    CBA Submits Comments on Bureau’s Rulemaking Process WASHINGTON, D.C. – The Consumer Bankers Association today submitted comments on the Bureau of Consumer Financial Protection’s request for information on its rulemaking process. “CBA recommends the Bureau adopt a standardized rulemaking process that is based on the principles of openness, accessibility and accountability,” CBA Vice President and...
  • June 6, 2018
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. Senate passed the Small Business 7(a) Lending Oversight Reform Act of 2018 (H.R. 4743), which will authorize the SBA Administrator to increase the 7(a) Loan Program’s authorization cap by 15 percent during periods of high demand, among other reforms. The House previously passed...
  • June 6, 2018
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt this afternoon testified before the House Financial Institutions and Consumer Credit Subcommittee on ways to improve transparency and accountability at the Bureau of Consumer Financial Protection. Hunt’s written testimony and prepared opening statement are available here . Key excerpts from his remarks are below: “Improving...
  • June 4, 2018
    WASHINGTON, D.C. – The Consumer Bankers Association today submitted comments on the Bureau of Consumer Financial Protection’s consumer complaint reporting processes. The comments are part of the Bureau’s ongoing requests for information. “CBA members strive to ensure their customers receive a swift and complete review of their complaints and inquiries. In fact, the overwhelming majority of...
  • May 29, 2018
    WASHINGTON, D.C. – The Consumer Bankers Association today submitted comments on the Bureau of Consumer Financial Protection’s external engagements. The comments are part of the Bureau’s ongoing requests for information. “CBA and its member institutions believe that informed, transparent governing is the best way to produce informed policy that is good for both banks and consumers,” says CBA Vice...
  • May 23, 2018
    WASHINGTON – The Consumer Bankers Association today welcomed a bulletin issued by the Office of the Comptroller of Currency (OCC) encouraging banks to offer responsible short-term, small-dollar loans to their customers. Prior agency guidance had discouraged certain types of small-dollar loans and after it was rescinded banks were not certain whether they were able to reenter the market...
  • May 21, 2018
    WASHINGTON – The Consumer Bankers Association, Consumer Mortgage Coalition and Financial Services Roundtable today submitted comments on the supervision process at the Bureau of Consumer Financial Protection. The comments are part of the Bureau’s ongoing requests for information. “CBA and CBA member banks have always supported the Bureau’s mission and believe regulatory supervision is an...
  • May 14, 2018
    WASHINGTON – The Consumer Bankers Association, Consumer Mortgage Coalition and Financial Services Roundtable today submitted comments to the Bureau of Consumer Financial Protection’s request for information on the effectiveness and efficiency of the Bureau’s enforcement of federal consumer financial laws. The request also asked for information detailing any appropriate changes to the process. “...
  • May 8, 2018
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. House of Representatives passed the Small Business 7(a) Lending Oversight Reform Act of 2018 (H.R. 4743), which will authorize the SBA Administrator to increase the 7(a) Loan Program’s authorization cap by 15 percent during periods of high demand, among other reforms: “CBA...

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