Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • July 2, 2019
    CBA Comments on CFPB Overdraft Review WASHINGTON – The Consumer Bankers Association this week submitted comments to the Consumer Financial Protection Bureau’s review of the Federal Reserve’s 2009 overdraft provisions of Regulation E, which implements the Electronic Fund Transfer Act. “While we believe adjustments and clarifications to the rule may be warranted, CBA urges the CFPB to maintain the...
  • June 28, 2019
    CBA Supports Bipartisan Bill to Improve Federal Student Loan Disclosures 90 percent of voters believe borrowers should receive disclosures detailing specific costs and terms before taking out an education loan WASHINGTON – The Consumer Bankers Association today wrote Sens. Tim Scott (R-S.C.) and Joe Manchin (D-W.V.) to support their Student Loan Disclosure Modernization Act. The bipartisan bill...
  • June 7, 2019
    CBA Applauds CFPB Payday Rule Compliance Delay WASHINGTON – The Consumer Bankers Association today commended the Consumer Financial Protection Bureau’s official 15-month delay of the underwriting provision in its 2017 payday rule. CBA has previously advocated for a delay of the entire rule, noting the level of underwriting required for these loans is not effective or cost-efficient for small-...
  • June 6, 2019
    CBA Statement on FCC Robocall Vote Appreciates changes to address concerns, Careful implementation necessary to avoid weakening consumer protection efforts WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Federal Communications Commission’s (FCC) declaratory robocall ruling, which if not carefully implemented could lead to the...
  • 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...

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