CBA Statement on Midterm Election Results

November 7, 2018
Nick Simpson

CBA Statement on Midterm Election Results

 

WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Democrats gained the majority in the U.S. House of Representatives:

 

“We look forward to working with both parties on common-sense, bipartisan legislative proposals and regulatory reform. Divided government can produce major accomplishments and many of CBA’s priorities, including the creation of a bipartisan commission at the Bureau of Consumer Financial Protection, have received support from both sides of the aisle.

 

“Another area ripe for bipartisanship is reauthorizing the Higher Education Act to address rising tuition rates and ensure students can responsibly achieve their higher education goals without taking on unnecessary debt, both often caused by federal overlending.”

 

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 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.