Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • July 6, 2018
    CBA Statement on BCFP Leadership Washington, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Bureau of Consumer Financial Protection Deputy Director Leandra English announced her resignation: “The transition of power at the Bureau was a circus and we could possibly witness it again in five years unless a bipartisan commission is created to...
  • July 2, 2018
    CBA Submits Comments on BCFP Guidance & Implementation Support Washington, D.C. – The Consumer Bankers Association submitted comments to the Bureau of Consumer Financial Protection’s request for information on regulatory and rule guidance and implementation support. CBA’s comments focused on ensuring the guidance process is transparent and does not inappropriately circumvent appropriate...
  • June 25, 2018
    CBA Submits Comments on BCFP Inherited Regulations and Rulemaking Washington, D.C. – The Consumer Bankers Association submitted comments to the Bureau of Consumer Financial Protection’s request for information on inherited regulations and new rulemaking authorities. In the letter, CBA’s comments focused on the need for the Bureau to ensure rules reflect changes in technology and the ways...
  • June 21, 2018
    CBA Statement on Court BCFP Structure Ruling Ruling latest example of need for bipartisan commission at Bureau WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. District Court of the Southern District of New York ruled the Bureau of Consumer Financial Protection's structure is unconstitutional: “The court’s ruling further proves...
  • June 21, 2018
    CBA Applauds Signing of Small Business Lending Bill Law helps banks serve local businesses, grow economy WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after President Donald Trump signed the bipartisan Small Business 7(a) Lending Oversight Reform Act of 2018 (H.R. 4743) into law, which authorizes the Small Business Administration to...
  • June 20, 2018
    CBA Submits Comments on BCFP Adopted Regulations Washington, D.C. – The Consumer Bankers Association submitted comments to the Bureau of Consumer Financial Protection’s request for information on adopted regulations and new rulemaking authorities. In the letter, CBA focused on recommendations designed to promote consumer access to credit, encourage the use of digital channels and improve...
  • June 7, 2018
    CBA Submits Comments on Bureau’s Rulemaking Process WASHINGTON, D.C. – The Consumer Bankers Association today submitted comments on the Bureau of Consumer Financial Protection’s request for information on its rulemaking process. “CBA recommends the Bureau adopt a standardized rulemaking process that is based on the principles of openness, accessibility and accountability,” CBA Vice President and...
  • June 6, 2018
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. Senate passed the Small Business 7(a) Lending Oversight Reform Act of 2018 (H.R. 4743), which will authorize the SBA Administrator to increase the 7(a) Loan Program’s authorization cap by 15 percent during periods of high demand, among other reforms. The House previously passed...
  • June 6, 2018
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt this afternoon testified before the House Financial Institutions and Consumer Credit Subcommittee on ways to improve transparency and accountability at the Bureau of Consumer Financial Protection. Hunt’s written testimony and prepared opening statement are available here . Key excerpts from his remarks are below: “Improving...
  • June 4, 2018
    WASHINGTON, D.C. – The Consumer Bankers Association today submitted comments on the Bureau of Consumer Financial Protection’s consumer complaint reporting processes. The comments are part of the Bureau’s ongoing requests for information. “CBA members strive to ensure their customers receive a swift and complete review of their complaints and inquiries. In fact, the overwhelming majority of...

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