CBA Statement on Yellen Confirmation

CBA Statement on Yellen Confirmation

WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. Senate overwhelmingly confirmed Janet Yellen for U.S. Treasury Secretary:

“CBA congratulates Secretary Yellen on her confirmation. She is a tested, steady hand and will play a pivotal role as our nation works to recover from the economic effects of the COVID pandemic.

“Her views are well known and we appreciate the working relationship she had with CBA while at the Federal Reserve. We look forward to working with Secretary Yellen and will continue our efforts to ensure the well-regulated banking industry can continue meeting the needs of consumers and small businesses.”

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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.