Media Releases
June 6, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson sat down with former journalist, IntraFi Chief Content Officer, and host of the popular banking podcast “Banking with Interest” Rob Blackwell for a candid conversation about the future of M&A, how proposals taking shape at the CFPB will affect the industry, and consumers and what steps Congress can take to ensure the CFPB...
June 6, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson issued the followed statement in anticipation of the re-introduction of legislation that would establish an unnecessary and unsafe federally-mandated payment network at the expense of fraud prevention, security measures, and popular rewards programs that are currently in place with existing payment networks: “Don’t let the name...
June 5, 2023A new report from the Financial Health Network examining the overdraftmarketplace reinforced the impact of bank-led innovation and consumers’ need for the product as they contend with ongoing economic headwinds. Key Findings: According to the report, which surveyed consumers about their overdraft experiences in 2022 and compared these findings to prior years: Aggregate fees from overdraft dropped...
June 1, 2023The Consumer Financial Protection Bureau (CFPB) today issued a report highlighting the potential harm fintech payment providers operating outside of the well-regulated and supervised banking system could cause consumers. The CFPB also issued a consumer advisory urging consumers to move funds stored on apps such as Venmo, PayPal, and CashApp, which may not be protected by insurance in the event of...
May 30, 2023The Consumer Bankers Association (CBA) and other leading financial trades today issued the following statement on the recently announced agreement to raise the federal debt ceiling: “We are encouraged that the Administration and Congressional leaders have reached a bipartisan agreement to raise the federal debt ceiling. America’s capital markets are the strongest, deepest, and most liquid in the...
May 25, 2023The Consumer Financial Protection Bureau (CFPB) this week released a new report underscoring the significant savings bank-led overdraft innovation has delivered consumers. What They’re Saying: Driven by a desire to meet evolving consumer demand, a growing share of America’s leading banks have unveiled innovative overdraft solutions designed to expand choice, strengthen transparency and lower...
May 17, 2023Today, Consumer Bankers Association (CBA) President and CEO Lindsey Johnson delivered keynote remarks to the Exchequer Club of Washington, D.C., where she urged policymakers to work in tandem with the industry to re-instill consumers’ confidence in the American banking system following a period of significant market volatility. Below are excerpts from the speech as written: On Market Volatility...
May 8, 2023In a new interview this morning on Fox Business’ “Mornings with Maria,” Consumer Bankers Association (CBA) President and CEO Lindsey Johnson reinforced the strength of the U.S. financial system amid recent market volatility and reiterated America’s leading banks remain well-positioned to continue serving consumers and small businesses as they contend with ongoing economic challenges. Responding...
May 4, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement reiterating the strength of the banking industry while also calling on policymakers to address those seeking to take advantage of market volatility at the expense of the millions of consumers banks serve: “As several reports concluded last week, the multitude of factors contributing to the...
May 3, 2023In a new letter sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association (CBA) outlined deep concerns with the agency’s recent Notice of Proposed Rulemaking (NPRM) on credit card penalty late fees, a proposal that would drastically alter the credit card landscape with profound implications for banks and the millions of Americans they serve. As CBA states in...
