Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • 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
    CBA Calls on FinCEN to Collect Beneficial Ownership Information WASHINGTON – The Consumer Bankers Association today wrote Senate Banking Committee Chair Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) requesting the committee pass legislation requiring the Financial Crimes Enforcement Network (FinCEN) collect beneficial ownership information for corporations and use the information...
  • May 15, 2019
    WASHINGTON – The Consumer Bankers Association today offered comments to the Consumer Financial Protection Bureau’s notice of proposed rulemaking for payday, vehicle title, and certain high-cost installment loans. The comment letter offers support for the CFPB’s review of the 2017 rule and supported the new proposal’s call for strong consumer protections, while allowing Americans to receive short-...
  • May 7, 2019
    CBA, Financial Trades Write HFSC on Anti-Money Laundering Legislation WASHINGTON – The Consumer Bankers Association, along with eight other financial services trades, today wrote House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) in support of the Committee’s work to modernize the anti-money laundering and counterterrorism regulatory...
  • May 6, 2019
    CBA on Need for Bipartisan CFPB Commission, Ninth Circuit Ruling WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit ruled it was not unconstitutional for the Consumer Financial Protection Bureau’s director to be fired only for cause: “The constitutionality of the CFPB’...
  • May 1, 2019
    CBA Calls for National Data Security, Breach Notification Standards Notes banks’ commitment to consumer privacy, low-rate of bank data breaches “Banks are on the front lines consistently monitoring for fraud and working to make consumers whole, no matter where a breach occurs … As a result, consumers rely on their financial institutions to communicate what to do in the event of a breach and to...
  • April 30, 2019
    CBA Writes Senate Banking Committee on Guidance, Supervision, Regulatory Coordination Letter restates support for GUIDE Act, CFPB Supervision of Nonbanks 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) to discuss the use of proper regulatory guidance, the need for...
  • April 29, 2019
    CBA: Banks Can Offer Responsible Short-Term Credit Options WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today wrote House Financial Services Consumer Protection and Financial Institutions Subcommittee Chair Gregory Meeks (D-N.Y.) and Ranking Member Blaine Luetkemeyer (R-Mo.) on the important role banks can play in helping Americans in need of emergency funds. The...
  • April 17, 2019
    CBA Statement on Kraninger’s Vision for the CFPB WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt released the following statement after Consumer Financial Protection Bureau Director Kathy Kraninger outlined her vision for the Bureau: “CBA members welcome Director Kraninger’s common-sense, principled approach to the CFPB’s direction and her commitment to serve as an...
  • April 16, 2019
    CBA Applauds Dept. of Education for Pro-Student Financial Aid Recommendations WASHINGTON – The Consumer Bankers Association (CBA) today commended the Department of Education’s new recommendations for changing the way schools advise prospective and current students about financial aid. The Department’s announcement, via the Information for Financial Aid Professionals system, includes many of the...

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