Media Releases

Press Contact

Jacqueline Ortiz Ramsay
jramsay@consumerbankers.com
202-552-6371
  • March 10, 2015
    CBA’s President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau (CFPB) released the findings of phase two of its study on the use of mandatory arbitration clauses in connection with consumer financial products and services. “For nearly 90 years, arbitration has allowed consumers quick and easy access to an affordable option for dispute resolution...
  • March 10, 2015
    CBA’s President and CEO Richard Hunt issued the following statement in response to the President’s Student Aid Bill of Rights. “CBA's members are proud to partner with students and their families to achieve the dream of a college education. Private student loans play a small, but important role in the overall marketplace and are performing well, with over 97% of private loan borrowers...
  • March 4, 2015
    The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index rose to 6.8 in January, climbing from 0.0 in December, 2014 showing rising consumer financial optimism at an all-time high. Americans’ increased optimism about their personal financial future is driven primarily by an increase in the feeling that news they've been hearing lately about personal finances is...
  • February 18, 2015
    CBA’s President and CEO Richard Hunt issued the following statement after the New York Fed issued its Quarterly Report on Household Debt and Credit for the fourth quarter of 2014. “We agree with the New York Fed – a college degree is a worthy investment. CBA's members are proud to partner with students and their families to achieve this dream. Private student loans play a small but important role...
  • February 9, 2015
    Late last Friday, The Clearing House (TCH) and the Consumer Bankers Association filed a comment letter in support of NACHA’s proposal to enhance the ACH network by establishing ubiquitous, same day ACH processing and settlement capability. In the letter, the associations expressed their appreciation for NACHA’s thoughtful efforts to craft a proposal that is workable for all financial institutions...
  • January 29, 2015
    CBA’s President and CEO Richard Hunt issued the following statement after the CFPB requested information of private student lenders on programs for modifying existing loans: “The private student loan market continues to enjoy an over 97 percent repayment rate with the vast majority of borrowers paying back their loans in accordance with their agreements. For the most distressed borrowers, CBA’s...
  • January 28, 2015
    The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index rose 2.2 points month over month to end 2014 at 0.0. Together with the CBA, AOL has been conducting research to better understand consumer attitudes about their finances. Throughout the year the Index has fluctuated across positive and negative territory, mainly staying in the red before trending upward since...
  • January 20, 2015
    CBA’s President and CEO Richard Hunt issued the following statement after the U.S. Supreme Court decided not to disturb the court of appeals decision in NACS v. Board of Governors of the Federal Reserve System. The court of appeals previously rejected the retailers’ efforts to increase further the $6 billion annual windfall they secured with the promulgation of the Fed’s interchange price cap...
  • January 14, 2015
    CBA’s President and CEO Richard Hunt issued the following statement after the CFPB released a request for input on a “Safe Student Account Scorecard.” “CBA’s members pride themselves on the transparent relationships they maintain with a number of higher learning institutions and their students. Many of the concerns outlined in the CFPB’s request for information are based on an antiquated study...
  • January 6, 2015
    CBA Builds Out Congressional Affairs Team Bipartisan Hires Prepare CBA for Action during 114th Congress Washington, D.C. (January 6, 2015) – The Consumer Bankers Association (CBA) has hired three new team members to prepare for the 114th Congress. The bipartisan hires all come with significant Capitol Hill experience and will be led by CBA’s Senior Vice President of Congressional Affairs, Reagan...

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