Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • May 29, 2018
    WASHINGTON, D.C. – The Consumer Bankers Association today submitted comments on the Bureau of Consumer Financial Protection’s external engagements. The comments are part of the Bureau’s ongoing requests for information. “CBA and its member institutions believe that informed, transparent governing is the best way to produce informed policy that is good for both banks and consumers,” says CBA Vice...
  • May 23, 2018
    WASHINGTON – The Consumer Bankers Association today welcomed a bulletin issued by the Office of the Comptroller of Currency (OCC) encouraging banks to offer responsible short-term, small-dollar loans to their customers. Prior agency guidance had discouraged certain types of small-dollar loans and after it was rescinded banks were not certain whether they were able to reenter the market...
  • May 21, 2018
    WASHINGTON – The Consumer Bankers Association, Consumer Mortgage Coalition and Financial Services Roundtable today submitted comments on the supervision process at the Bureau of Consumer Financial Protection. The comments are part of the Bureau’s ongoing requests for information. “CBA and CBA member banks have always supported the Bureau’s mission and believe regulatory supervision is an...
  • May 14, 2018
    WASHINGTON – The Consumer Bankers Association, Consumer Mortgage Coalition and Financial Services Roundtable today submitted comments to the Bureau of Consumer Financial Protection’s request for information on the effectiveness and efficiency of the Bureau’s enforcement of federal consumer financial laws. The request also asked for information detailing any appropriate changes to the process. “...
  • May 8, 2018
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. House of Representatives 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: “CBA...
  • May 8, 2018
    WASHINGTON - Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. House of Representatives passed a Congressional Review Act Resolution (S.J. Res. 57) to repeal the Bureau of Consumer Financial Protection’s (Bureau) 2013 Auto Bulletin: “CBA members are committed to ensuring strong fair lending policies and practices are in place at their banks...
  • May 7, 2018
    WASHINGTON – The Consumer Bankers Association (CBA) and Financial Services Roundtable (FSR) today submitted comments to the Bureau of Consumer Financial Protection’s request for information on administrative adjudications. The comments stressed the importance of expeditious resolution and urged the Bureau to look to the Federal Rules of Civil Procedure (FRCP) and the Federal Rules of Evidence (...
  • April 27, 2018
    Washington – The Consumer Bankers Association (CBA) and Financial Services Roundtable (FSR) sent a joint letter calling for the Bureau of Consumer Financial Protection (BCFP) to reform its civil investigative demand (CID) processes to create a fairer and less burdensome process. “At times, the Bureau has wielded its considerable investigation powers without first considering alternative and more...
  • April 24, 2018
    WASHINGTON - Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Mick Mulvaney, in his capacity as the Acting Director of the Bureau of Consumer Financial Protection, indicated he would end the practice of publishing unverified complaints online: "We fully support the Bureau fulfilling its important, Congressionally-mandated mission. Compiling...
  • April 18, 2018
    WASHINGTON - The Consumer Bankers Association (CBA) submitted a letter to the Senate Commerce Committee thanking committee members for their work to stop abusive robocalls. The letter also expresses the retail banking industry’s commitment to working with legislators and regulators to protect consumers from illegal calls, while clarifying the Telephone Consumer Protection Act (TCPA) guidance to...

Pages