Regulatory Compliance & Agency Engagement

  • July 9, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Biden Administration released a sweeping anti-trust executive order that will direct the Consumer Financial Protection Bureau (CFPB), prudential regulators and other federal agencies to examine activity on mergers and acquisitions within the banking sector: “ Our nation’s leading...
  • 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 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 11, 2021
    To Whom It May Concern: The Consumer Bankers Association (“CBA”) appreciates the opportunity to offer comments in response to the Office of the Comptroller of the Currency (“OCC”), Board of Governors of the Federal Reserve System (“Board”), Federal Deposit Insurance Corporation (“FDIC”), National Credit Union Administration (“NCUA”), and Financial Crimes Enforcement Network’s (“FinCEN”) (...
  • May 7, 2021
    Joint Financial Trades Statement on Federal Reserve’s Decision to Revisit Reg II WASHINGTON – The Consumer Bankers Association today released the following statement with the American Bankers Association, Bank Policy Institute, Credit Union National Association and National Association of Federally-Insured Credit Unions after the Federal Reserve announced its decision to consider changes to...
  • April 15, 2021
    CBA Calls for Continued Efforts to Level Playing Field, Highlights Dangers of ILC Charters Without Adequate Supervision WASHINGTON – In advance of the House Subcommittee on Consumer Protection and Financial Institutions hearing today entitled “Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters,” the Consumer Bankers Association wrote a letter to...
  • February 23, 2021
    CBA Statement on FDIC Quarterly Banking Profile WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Federal Deposit Insurance Corporation released its full-year and fourth quarter 2020 performance report: “The FDIC’s latest report reveals the nation’s banks remained strong and resilient throughout 2020 despite the financial impact of...
  • December 22, 2020
    To Whom It May Concern: The Consumer Bankers Association (CBA) is pleased to submit these comments to the Bureau of Consumer Financial Protection, Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and National Credit Union Administration (together, the “Agencies”) in response to the Notice of Proposed Rulemaking (...
  • December 1, 2020
    CBA Statement on FDIC Quarterly Banking Profile WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Federal Deposit Insurance Corporation’s quarterly banking profile: “The FDIC’s third quarter report revealed strong capital levels and historically low problem bank numbers, a testament to the industry’s efforts to build a solid, resilient...
  • October 29, 2020
    On Thursday, October 29, 2020, the Bureau issued a final rule amending its Disclosure of Records and Information Regulation. The rule seeks to balance concerns regarding the Bureau’s need to protect confidential personal, business, supervisory, and investigative information against the need to use and disclose certain information in the course of the Bureau’s work or the work of other agencies...

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