CBA Announces Board Leadership Team, Sets Advocacy Agenda for Upcoming Year

Nick Simpson

 

CBA Announces Board Leadership Team, Sets Advocacy Agenda for Upcoming Year

Todd Barnhart of PNC Bank becomes chair; Nitin Mhatre of Webster named Chair-Elect

 

Listen to Barnhart discuss CBA’s Priorities, Changes in Industry Regulations Over the Last Decade

on CBA’s Suite 550 Podcast, Available Here

 

WASHINGTON – Heading into its 100th year, the Consumer Bankers Association (CBA) has elected Todd Barnhart, Head of Retail Distribution for PNC Bank, Chairman of its Board of Directors. In addition, Nitin Mhatre, Executive Vice President for Consumer Finance with Webster Bank and Webster Financial Corporation, has been named Chair-Elect for 2019. CBA’s Board of Directors serve terms based on the fiscal year.

 

CBA's Board consists of senior retail banking executives at the nation’s leading financial institutions. Taken as a whole, CBA’s membership account for 1.7 million jobs in America and annually extend roughly $4 trillion in consumer loans, provide $275 billion in small business loans and originate the majority of private student loans.

 

A full list of CBA Board Members is available here.

 

“This is an exciting time for the industry and CBA,” said CBA Board Chairman Todd Barnhart. “I am looking forward to leading the Association as we continue our work with regulators, policymakers and consumers to promote policies to create economic growth, enhance consumer protections and help.”

 

CBA also announced its legislative and regulatory priorities:

 

  • Modernize the Community Reinvestment Act (CRA) - Advocate for changes to provide long term benefit to CRA and the communities our members serve.

 

  • Reform the Bureau of Consumer Financial Protection - Enact legislation creating a bi‐partisan Commission at the BCFP, and obtain legislative relief for selected policies which harm consumer privacy and disrupt access to credit.

 

  • Right-Size Federal Student Lending - Promote policies to unleash the private marketplace’s ability to serve students’ higher education goals and ensure the federal government serves those most in need in a responsible manner, and develop a public service “Know Before You Owe” campaign to inform students how much they will owe prior to borrowing.

 

  • Regulatory Coordination & Outreach - CBA will continue meeting with new leadership at regulatory agencies and their staff to cement our reputation as a valuable source of industry information. CBA will also advocate for regulatory coordination and regulatory reform, while highlighting the retail banking industry’s work to promote economic growth, enhance consumer protections and serve as responsible corporate citizens.

 

“For the last century, CBA’s success has been due in no small part to the dedication and commitment of our Board of Directors,” said Richard Hunt, CBA President and CEO. “Comprising such a well-rounded and experienced group of individuals, our Board is well-positioned to lead the retail bank industry into the next 100 years.”

 

Barnhart succeeds Brad Conner, Vice Chairman of Consumer Banking for Citizens Bank. Conner will remain on the Board as Immediate Past Chair. Barnhart, Mhatre and Conner will comprise CBA’s Administrative Committee, which is charged with oversight of CBA’s operations.

 

NOTE: Barnhart and Hunt discussed CBA’s legislative and regulatory priorities for the upcoming year as well as changes the industry has undergone since the financial crisis in CBA’s Suite 550 podcast. Listen here.

 

###

 

About the Consumer Bankers Association

The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.