CBA Statement on President’s State of the Union Address

January 30, 2018

“We look forward to continuing to work with regulators, policymakers and the Administration to bring about sound economic policies that promote a vibrant consumer banking industry and strong consumer protections.”

WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt released the following statement after President Trump’s first State of the Union Address:

“President Trump’s commitment to enacting balanced regulations and nominating agency heads with business experience provides banking industry leaders and consumers the confidence they need to expand, hire and invest.

“The tax reform legislation passed by Congress and signed by the President empowered American families, helped businesses drive economic growth, and allowed banks to increase wages and charitable donations as well as strengthen banking institutions. As Congress and the Administration pursue the new policies proposals outlined tonight, we hope they are implemented in a way to bolster economic growth and are not paid for with punitive business taxes.

“We look forward to continuing to work with regulators, policymakers and the Administration to bring about sound economic policies that promote a vibrant consumer banking industry and strong consumer protections.”