Legislative Activity
September 23, 2022In a new op-ed published this morning in RealClearPolicy, CBA President and CEO Lindsey Johnson outlines the many ways in which America’s leading banks have helped lead the country through recent economic uncertainty and the steps they are taking to continue supporting hardworking families, small businesses, and communities. The op-ed follows the conclusion of hearings in Congress this week...
September 22, 2022The CEOs of seven leading banks appeared before Congress this week to reiterate their commitment to support hardworking families, small businesses, and communities while also driving our economy forward through uncertainty ahead. Following hearings in the House and Senate, Consumer Bankers Association (CBA) President and CEO Lindsey Johnson released the following statement: “America’s leading...
September 21, 2022Today and tomorrow, the CEOs of seven leading banks will testify before Congress. Ahead of these hearings, the Consumer Bankers Association (CBA) is working to correct misinformation and underscore banks’ longstanding commitment to provide consumers the financial tools they rely on to meet their needs. Here’s where the conversation misses the mark, and the facts policymakers must account for as...
July 28, 2022WASHINGTON, DC – Consumer Bankers Association President and CEO Lindsey Johnson issued the following statement after the House Financial Services Committee passed the Overdraft Protection Act, H.R. 4277, legislation that would dramatically restrict access to overdraft: “Today’s passage of the Overdraft ‘Protection’ Act in the House Financial Services Committee will harm vulnerable consumers in...
July 28, 2022Today, nine trade associations representing the financial services industry including the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, Electronic Payments Coalition, Independent Community Bankers of America, Mid-Sized Bank Coalition of America, National Association of Federally-Insured Credit Unions, and National Bankers...
July 27, 2022The House Financial Services Committee this week is scheduled to consider legislation (Overdraft Protection Act, H.R. 4277) that would dramatically restrict access to overdraft – a bank product millions of consumers knowingly use, value, and count on in times of need. Too often the discussion around this critical product is stuck in the past and fails to account for the significant innovation...
July 25, 2022In a new op-ed appearing this morning in American Banker, CBA President & CEO Lindsey Johnson urged policymakers to recognize the impact of recently unveiled bank-led overdraft innovations designed to expand choice, strengthen transparency, and lower costs for hardworking consumers. To read the full op-ed, click HERE or see below. CBA also sent a new letter to Congress today reiterating...
July 19, 2022Dear Speaker Pelosi and Minority Leader McCarthy: On behalf of the Consumer Bankers Association (CBA), I write in opposition to the “Postal Non-Banking Financial Services Modernization Pilot Program” included in the fiscal year 2023 Appropriations Act for Financial Services and General Government. CBA is the voice of the retail banking industry whose products and services provide access to credit...
May 25, 2022Dear Chairwoman Waters and Ranking Member McHenry, The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, National Association of Federally-Insured Credit Unions, National Bankers Association, and The Clearing House appreciate the opportunity to share this letter detailing our views on the topic of Central Bank Digital Currency (...
CBA Letter to House Financial Services Committee on Overdraft Legislation