Legislative Activity

  • October 22, 2019
    CBA Commends House, Encourages Senate Action on Beneficial Ownership Bill WASHINGTON, D.C. – Following the U.S. House of Representatives’ passage of the Corporate Transparency Act (H.R. 2513), Consumer Bankers Association President and CEO Richard Hunt issued the following statement thanking the bill’s key sponsors, Reps. Carolyn Maloney (D-N.Y.), Pete King (R-N.Y.), Blaine Luetkemeyer (R-Mo.),...
  • July 16, 2019
    July 16, 2019 The Honorable Frank Pallone The Honorable Greg Walden Chairman Ranking Member Committee on Energy & Commerce Committee on Energy & Commerce 2125 Rayburn House Office Building 2125 Rayburn House Office Building Washington, D.C. 20510 Washington, D.C. 20510 Dear Chairman Pallone and Ranking Member Walden: On behalf of the Consumer Bankers Association (CBA) I write to share our...
  • July 11, 2019
    July 11, 2019 The Honorable Maxine Waters Chairwoman Committee on Financial Services 2129 Rayburn House Office Building U.S. House of Representatives Washington, D.C. 20515 The Honorable Patrick McHenry Ranking Member Committee on Financial Services 4340 O’Neill House Office Building U.S. House of Representatives Washington, D.C. 20515 Dear Chairwoman Waters and Ranking Member McHenry: On behalf...
  • May 24, 2019
    Fifth Third Bank recently revealed a fresh, hip design for its next-generation branch, to be used in all of its new, relocated or remodeled branch locations. The first next-generation branch opened last week inside the new Kroger Store in Green Township, Ohio. Say goodbye to teller lines and windows, say hello to informal meeting spaces and couches! Cajun Thoughts: CFPB APPOINTS PERMANENT DEPUTY...
  • May 22, 2019
    CBA Comments on H.R. 1500, Green Amendment “Instead of partisan legislation, the CFPB needs a bipartisan, Senate confirmed commission to serve as a proper check on the power and ability of the Bureau’s sole director to act unilaterally.” WASHINGTON – In advance of the House of Representatives’ consideration of the Consumer First Act (H.R. 1500), the Consumer Bankers Association wrote Members of...
  • May 20, 2019
    Helping struggling borrowers and fixing the federal student loan system were discussed this week at a joint event hosted by CBA, the Bipartisan Policy Center and the Aspen Institution. Rep. Donna Shalala (D-Fla.), top left, offered keynote remarks and stressed the need for better disclosures on federal loans. CBA’s Kris Fallon, center top, presented CBA’s policy recommendations for improving the...
  • April 22, 2019
    CFPB Director Kraninger offered her first public remarks on Wednesday at a Bipartisan Policy Center event, laying out her vision for the Bureau . Prior to her remarks, several members of the CBA Team attended a breakfast with her. Cajun Thoughts: DIRECTOR KRANINGER’S FIRST PUBLIC REMARKS Many members of the CBA Team attended CFPB Director Kathy Kraninger’s first public remarks as head of the CFPB...
  • March 18, 2019
    CBA Statement on White House Higher Education Act Reform Principles CBA poll shows Americans support Administration’s call to place responsible caps on federal student loans to allow access to higher education while preventing overborrowing WASHINGTON, D.C. – The Consumer Bankers Association today released the following statement supporting many of the reforms the Administration outlined in the...
  • March 12, 2019
    CBA Recommends Legislative, Regulatory Changes to Improve CFPB, Consumer Protections WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt wrote Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) prior to the committee’s hearing on the Consumer Financial Protection Bureau’s semi-annual report to Congress. In the letter, CBA...
  • February 26, 2019
    CBA Comments on House Financial Services Credit Reporting Hearing WASHINGTON – The Consumer Bankers Association (CBA) wrote House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) in advance of the committee’s hearing examining credit bureaus and credit reporting. A copy of CBA’s letter is available here . On the draft Comprehensive...

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