Media Releases
November 27, 2023WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today sent letters to the Senate Banking Committee and House Financial Services Committee ahead of the Consumer Financial Protection’s Bureau’s (CFPB) semi-annual report to Congress later this week outlining legislative and regulatory suggestions to lawmakers and the Bureau for the purpose of ensuring consumers continue to have access to...
November 22, 2023WASHINGTON, D.C. – As the holiday season approaches, millions of Americans are preparing to travel, purchase gifts for friends and family members, and make charitable donations. America’s leading banks are working to support consumers during this time by providing the innovative financial tools they rely on to meet their financial needs, while simultaneously taking steps to bolster fraud and scam...
November 20, 2023WASHINGTON, D.C. – The Consumer Bankers Association (CBA) last week hosted top industry experts and thought leaders at its 2023 Washington Forum to discuss what’s happening and what’s to come from regulators related to the Fair Credit Reporting Act, Section 1033, credit card late fees, and more. This year’s featured speakers included: Lindsey Johnson, President and CEO, CBA Kelvin Chen, Senior...
November 16, 2023In passing the sweeping reforms of the credit card market under the 2009 Credit Card Accountability Responsibility and Disclosure (“CARD”) Act, Congress required that the Consumer Financial Protection Bureau (CFPB) publish a review of the state of the credit card market every two years. 1 This year’s Consumer Credit Card Market Report (“CARD Act Report”) published late last month, was accompanied...
November 13, 2023NEW YORK, N.Y. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson this week participated in a panel discussion at the Reuters NEXT Conference on the health of the consumer, what’s next for the economy, and how the cumulative effect of current and expected regulatory proposals may impede banks’ ability to continue to deliver on their mission. The panel was moderated by Reuters...
November 9, 2023In a new fact sheet released today, the Consumer Bankers Association (CBA) and Bank Policy Institute (BPI) detailed how the Fed’s proposed debit interchange rule – also known as Regulation II – would harm consumers while benefiting merchants and retailers if enacted. What Happened On October 25, 2023, the Federal Reserve Board (the “Fed”) issued a proposed rulemaking that would lower the maximum...
November 7, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a larger participant rule regarding consumer digital payments. “By bringing supervisory attention to large non-bank payment firms in line with expectations for banks offering similar products, the CFPB is taking a step in the...
October 27, 2023“Racial equity, financial inclusion, and consumer financial health must be at the very heart of the retail banking business model.” WASHINGTON, D.C. – In a new letter to the editor appearing yesterday in American Banker , Consumer Bankers Association (CBA) President and CEO Lindsey Johnson reaffirmed banks’ ongoing commitment to support racial equity, mitigate instances of discrimination, and...
October 26, 2023Washington, D.C. — The Consumer Bankers Association, The Bank Policy Institute, and The Clearing House issued the following statement in response to the Federal Reserve’s proposed changes to Regulation II, which establishes caps on what banks can charge for facilitating debit card transactions. “The last time the Federal Reserve placed a cap on debit transaction costs, two things happened: the...
October 24, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (FDIC) released a joint final rule to amend the Community Reinvestment Act (CRA) regulatory framework. “America’s leading banks...
