Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • October 5, 2017
    Washington, D.C. - Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to the issuance of the CFPB’s final rule on small-dollar lending: “The CFPB whiffed at an opportunity to provide assistance to the millions of Americans experiencing financial hardship,” CBA President and CEO Richard Hunt said. “It is hard to believe just days...
  • September 29, 2017
    Washington, D.C. – The Consumer Bankers Association today wrote Senators Claire McCaskill (D-Mo.) and David Perdue (R-Ga.) to offer support for the Systemic Risk Designation Improvement Act, bipartisan legislation designed to give the Federal Reserve flexibility when making systemic risk designations. “Designating risk based on how big a financial institution is does not make sense and it hurts...
  • September 27, 2017
    CBA’s Hunt: “We encourage the CFPB to work in coordination with other financial services regulators to create a consistent regulatory environment that does not take away the ability for families with unexpected financial hardships to seek responsible, short-term assistance from their bank.” Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), today wrote...
  • August 4, 2017
    99% of consumers are not confused by the opt-in process for overdrafts Washington, D.C. - Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to the CFPB’s study on overdraft and their prototype disclosure forms. “Banks provide consumers with clear, concise procedures for opting into overdraft services. According to a 2015 Novantas...
  • August 1, 2017
    Thomas Dent Honored with Tem Wooldridge Award for Outstanding Academic Performance, Integrity and Work Ethic Washington, D.C. – The Consumer Bankers Association (CBA) today graduated 98 members of its Executive Banking School Class of 2017 and recognized Thomas Dent of PNC Bank with its top honor, the Tem Wooldridge Award. “I am proud to congratulate the Class of 2017, our honors graduates, and...
  • July 25, 2017
    Trial attorneys receive over $1 million on average per class action lawsuit; average consumer receives $32 in cash recoveries Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement following House passage of a resolution overturning the Consumer Financial Protection Bureau’s (CFPB) arbitration rule. “Today’s House vote is a...
  • July 20, 2017
    Senator Mike Crapo (R-ID) and Congressman Keith Rothfus (R-PA) introduce resolutions overturning CFPB’s Arbitration Rule Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to the introduction of Senate and House resolutions under the Congressional Review Act to overturn the CFPB’s arbitration rule by Senate...
  • July 14, 2017
    Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to the House Appropriations Committee’s passage of the Fiscal Year (FY) 2018 Financial Services and General Government Appropriations bill. “We applaud the committee’s passage of several initiatives reforming the CFPB, including addressing the Bureau’s...
  • July 10, 2017
    The average consumer receives $5,400 in cash relief when using arbitration; $32 through a class action suit Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to the issuance of the Consumer Financial Protection Bureau’s (CFPB) final arbitration rule. “Arbitration has long provided a faster, better, and more...
  • June 13, 2017
    Washington, D.C. (June 12, 2017) – Consumer Bankers Association (CBA) President and CEO Richard Hunt today issued the following statement in response to the U.S. Department of Treasury’s first report on Core Principles of Financial Regulation. “The Treasury Department’s report is an important first step in recognizing how a duplicative and onerous regulatory environment harms banks, the economy,...

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