Media Releases

Press Contact

Billy Rielly
brielly@consumerbankers.com
  • June 30, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement in opposition to the Overdraft Protection Act, legislation re-introduced by Rep. Carolyn Maloney (D-NY) that threatens consumers’ access to safe and secure short-term liquidity: “Many customers who choose to participate in an overdraft program view it as a valuable service that enables...
  • June 29, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt sent a letter to the House Committee on Appropriations yesterday, opposing the “Postal Non-Banking Financial Services Modernization Pilot Program” included in the fiscal year 2022 Appropriations Act. Recognizing market participants in the well-regulated, well-supervised banking system already provide expertise and services...
  • June 28, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today opposed the National Credit Reporting Agency Act in a letter to the House Committee on Financial Services’ Chair Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC) in advance of a legislative hearing this week examining the proposal. Hunt outlined several specific concerns with the legislation, including:...
  • June 24, 2021
    WASHINGTON – As the Administration and Congress evaluate proposals to address the nation’s federal student debt crisis, the Consumer Bankers Association supports improvements to federal higher education funding. In advance of Secretary Cardona’s Thursday testimony on Capitol Hill, CBA sent a letter to the House Committee on Education and Labor advocating for needed changes to federal student loan...
  • June 24, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today released the following statement after the Federal Reserve announced the results of stress tests assessing the strength and resiliency of the nation’s financial institutions: “These results reaffirm what America’s leading banks have shown over the last 16 months: our well-capitalized, well-regulated banking system is safe, sound, and equipped...
  • June 21, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today released the following statement after President Joe Biden met with the heads of the leading regulatory bodies governing America’s financial institutions today at the White House: "We are pleased President Biden met with federal regulators today to discuss the state of the economy and the safety and soundness of the banking system as new risks...
  • June 15, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today released the following statement recognizing World Elder Abuse Awareness Day. Elder financial exploitation threatens the financial security of millions of older Americans and is estimated to cost victims nearly $3 billion every year. “Senior citizens are increasingly the victims of financial scams. In recent years, this alarming trend has been...
  • June 9, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after J.D. Power released the results of its 2021 U.S. Consumer Lending Satisfaction Study , which found even as the consumer lending landscape shifted dramatically over the past year, traditional banks outperformed fintech lenders on customer satisfaction: “Throughout the COVID-19 pandemic,...
  • June 7, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today announced Acting Comptroller of the Currency Michael Hsu will deliver a keynote address in person at CBA LIVE 2021 on August 18 th in Orlando, Florida. “As the first in person conference focused entirely on retail banking since the COVID-19 pandemic began, CBA LIVE 2021 will provide industry leaders the opportunity to reconnect, reflect on the...
  • May 27, 2021
    CBA Responds To House Financial Services Bank CEO Hearing WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement after the CEOs of JPMorgan Chase, Bank of America, Citi, and Wells Fargo testified before the House Financial Services Committee on the state of the industry: “This week, the CEOs of the nation’s largest banks proudly told...

Pages