Nick Simpson
Vice President, Public Affairs
- (202) 552-6371
- nsimpson@consumerbankers.com
More From Nick Simpson
June 28, 2019CBA Supports Bipartisan Bill to Improve Federal Student Loan Disclosures 90 percent of voters believe borrowers should receive disclosures detailing specific costs and terms before taking out an education loan WASHINGTON – The Consumer Bankers Association today wrote Sens. Tim Scott (R-S.C.) and Joe Manchin (D-W.V.) to support their Student Loan Disclosure Modernization Act. The bipartisan bill would require federal student loans, which currently account for about 90 percent of student loans originated each year, to carry plain-language disclosures on the true cost of the loan. Private...
June 7, 2019CBA Applauds CFPB Payday Rule Compliance Delay WASHINGTON – The Consumer Bankers Association today commended the Consumer Financial Protection Bureau’s official 15-month delay of the underwriting provision in its 2017 payday rule. CBA has previously advocated for a delay of the entire rule, noting the level of underwriting required for these loans is not effective or cost-efficient for small-dollar, short-term lending. “We appreciate the Bureau’s reconsideration of the flawed small-dollar lending rule released in 2017,” said CBA President and CEO Richard Hunt. “Allowing banks to help...
June 6, 2019CBA Statement on FCC Robocall Vote Appreciates changes to address concerns, Careful implementation necessary to avoid weakening consumer protection efforts WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Federal Communications Commission’s (FCC) declaratory robocall ruling, which if not carefully implemented could lead to the erroneous blocking of urgent calls related to financial well-being, consumer health and safety: “We fully support the elimination of illegal robocalls and appreciate the FCC’s work in protecting consumers,...
