CBA Welcomes Dodd-Frank Reform Efforts

June 7, 2016

Washington, D.C. (June 7, 2016) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to House Financial Services Chairman Jeb Hensarling’s speech previewing reforms to the Dodd-Frank Act.

“Like any 2,300 page bill, the Dodd-Frank Act is imperfect.  We applaud Chairman Hensarling for his persistent commitment to seeking needed changes to the Dodd-Frank Act that will bring balance and consistency to an industry serving millions of consumers.  Most especially, we thank the Chairman for his inclusion of a five-person, bipartisan board at the CFPB in order to provide stable, long-term leadership at the CFPB – regardless of a President Trump or Clinton.  We look forward to working with the Chairman and the entire committee throughout this process,” said CBA’s President and CEO Richard Hunt.

About CBA
The Consumer Bankers Association (CBA) is the trade association for today's leaders in retail banking - banking services geared toward consumers and small businesses. The nation's largest financial institutions, as well as many regional banks, are CBA corporate members, collectively holding two-thirds of the industry's total assets. CBA’s mission is to preserve and promote the retail banking industry as it strives to fulfill the financial needs of the American consumer and small business.
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The Consumer Bankers Association is the recognized voice on retail banking issues in the nation’s capital. Founded in 1919, CBA provides leadership, education, research and federal representation on retail banking issues. For more information, please contact Maggie Seidel, mseidel@consumerbankers.com, (571) 447-0197 or visit www.consumerbankers.com.

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