Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • January 24, 2020
    CBA Statement on CFPB’s UDAAP Announcement WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau provided a framework for how the Bureau will apply the “abusiveness” standard in supervision and enforcement matters: “Defining the CFPB’s interpretation of its UDAAP authority will assist consumers as...
  • January 15, 2020
    CBA Leadership Rings New York Stock Exchange Closing Bell WASHINGTON – Members of the Consumer Bankers Association (CBA) Board of Directors as well as several of the association’s committee chairs and vice chairs today rang the New York Stock Exchange’s closing bell. The Dow closed at a record high, breaking 29,000. CBA Board Chair Nitin Mhatre, EVP, Head of Community Banking and Marketing at...
  • January 14, 2020
    CBA Writes House Financial Services Subcommittee on CRA Modernization WASHINGTON – The Consumer Bankers Association (CBA) today wrote House Financial Services Consumer Protection and Financial Institutions Subcommittee Chair Greg Meeks (D-N.Y.) and Ranking Member Blaine Luetkemeyer (R-Mo.) to discuss efforts to modernize the Community Reinvestment Act. “CBA believes banks have an affirmative...
  • December 16, 2019
    CBA Files Amicus Brief in CFPB Constitutionality Case WASHINGTON – The Consumer Bankers Association (CBA) today filed an amicus brief with the U.S. Supreme Court in the Seila Law LLC v. Consumer Financial Protection Bureau case. CBA’s brief argues, if the CFPB leadership structure is ruled unconstitutional, Congress should be allowed to create a constitutional structure, such as a bipartisan...
  • December 12, 2019
    CBA Statement on Community Reinvestment Act NPR “Modernizing CRA is a generational opportunity and, if done properly, will enable banks to invest more in communities across the country.” *** “The OCC and FDIC should be commended for tackling this herculean effort and working with banks, community groups and other stakeholders.” *** “CBA hopes the Fed will eventually join the other agencies to...
  • December 10, 2019
    CBA Writes Committee in Advance of Legislative Markup WASHINGTON, D.C. – The Consumer Bankers Association today wrote the Chair and Ranking Member of the House of Representatives’ Financial Services Committee to offer comments on several pieces of legislation the committee is considering. The letter addresses concerns with the Private Loan Disability Discharge Act (H.R. 4545), Student Borrower...
  • December 4, 2019
    CBA Writes Senate Commerce on Data Privacy 93 percent of personal records comprised in 2018 were from the non-financial business sector, which is not subject to national data security requirements WASHINGTON, D.C. – The Consumer Bankers Association (CBA) wrote Senate Commerce Committee Chairman Roger Wicker (R-Miss.) and Ranking Member Maria Cantwell (D-Wash.) in advance of the committee’s...
  • December 3, 2019
    CBA Statement on DeVos Federal Loan Proposal “The fact the Department of Education is the nation’s fifth largest bank speaks volumes to America’s federal student loan crisis.” *** “Congress and the Department of Education need to work together on real solutions – not temporary patches – to fundamentally reform and improve the federal loan system.” WASHINGTON – Consumer Bankers Association...
  • November 26, 2019
    CBA Statement on FDIC Quarterly Banking Profile WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Federal Deposit Insurance Corporation’s quarterly banking profile: “The nation’s banks are strong and consumers are best served within the well-regulated, well-capitalized, safe and sound banking industry. CBA will continue to work...
  • October 28, 2019
    CBA Writes Committee on Education Markup Calls for standardized disclosures on student loans, responsible lending caps to prevent debt traps WASHINGTON – The Consumer Bankers Association today wrote the Chair and Ranking Member of the House of Representatives’ Education and Labor Committee to offer comments on the upcoming College Affordability Act (H.R. 4674) markup. The letter calls for...

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