Media Releases
March 21, 2023Next week, thousands of industry leaders will converge for CBA LIVE 2023 to discuss what’s NEXT for America’s leading banks amidst so much uncertainty in recent weeks. Ahead of its 14th annual conference, the Consumer Bankers Association (CBA) today released a new video highlighting banks’ ongoing commitment to providing the safe and affordable financial tools that help customers and communities...
March 13, 2023WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson released the following statement in response to the closure of Silicon Valley Bank and federal regulators’ subsequent actions: “Americans should feel confident in the strength and resiliency of our nation’s banking system. Our members are well-regulated, well-capitalized, and well-positioned to ensure...
March 9, 2023In a new letter to the House Financial Services Subcommittee on Financial Institutions and Monetary Policy ahead of its hearing entitled “Consumer Financial Protection Bureau: Ripe for Reform,” the Consumer Bankers Association (CBA) outlined specific recommendations to reform the Consumer Financial Protection Bureau (CFPB). In the letter, CBA President and CEO Lindsey Johnson highlighted concerns...
March 8, 2023In a new op-ed appearing today in RealClearMarkets, Consumer Bankers Association (CBA) President & CEO Lindsey Johnson outlined tangible steps Congress must take to ensure the Consumer Financial Protect Bureau (CFPB) operates beyond reproach. The piece comes days after the Supreme Court announced it would hear a case examining the CFPB and ahead of a House Financial Services Subcommittee...
March 2, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the House Financial Services Committee held a markup to advance the Data Privacy Act, legislation proposed by Chairman Patrick McHenry (R-NC) that would bolster the protection of consumers’ personal financial information: “America’s leading banks remain fully committed to protecting...
February 27, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement in response to the U.S. Supreme Court’s decision to take up Consumer Financial Protection Bureau v. Community Financial Services Association of America, which will examine whether the funding structure of the CFPB is constitutional: “For nearly 12 years, CBA has worked together with the...
February 24, 2023In a new American Banker op-ed , Consumer Bankers Association (CBA) President & CEO Lindsey Johnson outlined why recent changes made by the CFPB to the Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) Exam Manual will hinder banks’ ability to promote economic advancement among underserved communities. In addition to conveying the significant legal and procedural questions posed by the...
February 7, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson tonight released the following statement on President Joe Biden’s State of the Union address: “As the nation continues to grapple with ongoing economic headwinds, consumers are spending more and making less. According to a recent survey, nearly 70% of workers are unable to cover an emergency $400 expense with savings alone...
February 1, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Consumer Financial Protection Bureau (CFPB) announced a Notice of Proposed Rulemaking (NPRM) that would limit the safe harbor amount credit card issuers can charge consumers for overdue payments: “This announcement is just the latest example of the Bureau seeking to advance a...
January 30, 2023In a new op-ed appearing in The Hill, CBA’s Executive Vice President & Head of Regulatory Affairs, Dan Smith, outlines how the CFPB’s proposal to implement of Section 1033 of the Dodd-Frank Act would dramatically hinder competition and put the safety and security of consumers’ sensitive financial data at risk. The piece reiterates concerns CBA conveyed in a comment letter sent to the Bureau...
