Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • January 16, 2018
    WASHINGTON, D.C . – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to the CFPB’s decision to reconsider its previously issued small-dollar rule: “The CFPB’s decision to revisit its small-dollar rule is welcomed news for the millions of American consumers experiencing financial hardship and in need of small-dollar credit,”...
  • December 19, 2017
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the U.S. House of Representatives passed the Systemic Risk Designation Improvement Act of 2017 (H.R. 3312) introduced by Rep. Blaine Luetkemeyer (R-Mo.): “The House took a significant step towards giving regulators the tools needed to safeguard our economy. Imposing regulations based on...
  • December 13, 2017
    WASHINGTON – Following the House Education and Workforce Committee’s passage of the Promoting Real Opportunity, Success, and Prosperity through Education Reform (PROSPER) Act, the Consumer Bankers Association (CBA) said the bill contains several positive provisions to help students and their families afford higher education. However, the legislation also contains troubling provisions expanding...
  • December 4, 2017
    Legislation includes several CBA supported provisions to help students, but federal loan expansion could increase college tuition costs WASHINGTON, D.C. – The Consumer Bankers Association (CBA) thanked House Education and Workforce Committee Chair Virginia Foxx (R-NC) for her leadership in introducing the Higher Education Act reauthorization bill. The bill, introduced late Friday, contains...
  • December 2, 2017
    WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on President Donald Trump’s nomination of Jelena McWilliams to serve as the next chair of the Federal Deposits Insurance Corporation (FDIC): “Jelena McWilliams possess a unique combination of policy, regulatory and banking experience. I am confident her background and leadership abilities...
  • November 30, 2017
    WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today expressed strong support for the Right to Lend Act of 2017 (H.R. 4452) introduced by Congressman Robert Pittenger. The legislation would repeal Section 1071 of the Dodd-Frank Act, which in practice would require lenders to collect multiple data points from business loan applications and report to the government data on certain...
  • November 28, 2017
    WASHINGTON, D.C . – Consumer Bankers Association President and CEO Richard Hunt released the following statement after U.S. District Court Judge Timothy J. Kelly ruled against Leandra English in her motion for a temporary restraining order against Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau: “We look forward to working with Acting CFPB Director Mick Mulvaney to...
  • November 25, 2017
    Consumer Bankers Association President and CEO Richard Hunt released the following statement after Richard Cordray resigned as Director of the Consumer Financial Protection Bureau (CFPB) with no clear succession plan for CFPB leadership in place: "The CFPB's current governing structure is a dictatorship, period. It is not a sensible nor sustainable approach to leadership. Conflicting attempts to...
  • November 24, 2017
    Washington, D.C. – The Consumer Bankers Association (CBA), along with four other trades, today urged the Consumer Financial Protection Bureau (CFPB) to alter the way the agency reports loan-level HMDA data to prevent the public release of individual consumers’ HMDA data and unnecessary exposure to increased privacy risks, identity theft and fraud. In order to protect consumers from harm, the...
  • November 16, 2017
    WASHINGTON, D.C . – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the U.S. Senate confirmed Joseph Otting to head the Office of the Comptroller of the Currency: “We congratulate Joseph Otting on his confirmation by the U.S. Senate as the 31 st Comptroller of the Currency. CBA looks forward to working with Mr. Otting to coordinate regulations...

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