Media Releases
July 1, 2014GSRBM Freshman Class Includes 110 Bankers from 32 Institutions Provides Bankers the Knowledge to Succeed in today’s Retail Banking Environment Washington, D.C. (July 1, 2014) – Today, the CBA/BAI Graduate School of Retail Bank Management (GSRBM) announced 110 students from 32 leading financial services companies have been accepted as members of this year’s freshman class. GSRBM takes place July...
June 26, 2014Americans’ Finance Optimism Sees Slight Uptick in May Consumers Report Hearing More Positive Personal Finance News Washington, D.C. (June 26, 2014) – The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index has found Americans’ finance optimism improved slightly in May to -4.0, an improvement of +0.8 from April. Together with the CBA, AOL has been conducting...
June 18, 2014CBA Elects New Members to Board of Directors Three Senior Retail Banking Executives to Help Shape Priorities and Direction of CBA Washington, D.C. (June 18, 2014) – Today, the Consumer Bankers Association’s Board of Directors approved three new members to join the Board. Joining the Board are Michael J. Aust – Comerica Bank, Nitin Mhatre – Webster Bank, and Maria Tedesco – Santander. CBA's 20-...
June 11, 2014Washington, D.C. (June 11, 2014) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement calling on Congress to focus on college affordability after Sen. Elizabeth Warren’s (D-MA) refinancing bill failed a cloture vote 56-38: “Private student borrowers have real options. Many private student lenders provide refinancing programs and others are...
June 10, 2014Washington, D.C. (June 10, 2014) – The Consumer Bankers Association (CBA) sent a letter today to House Financial Services Chairman Jeb Hensarling (R-TX) and Ranking Member Maxine Waters (D-CA) lauding their Committee’s efforts to increase transparency at the Consumer Financial Protection Bureau (CFPB). Today’s markup of legislation by the Committee will allow the financial services industry to...
June 3, 2014Washington, D.C. (June 3, 2014) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), today called on the CFPB and Congress to join CBA in examining the explosion in college costs, which has helped to drive outstanding federal student debt to over $1 trillion, in advance of two Senate hearings tomorrow on the student lending market: “Since 1980, the average published...
June 2, 2014Private Student Loan Market Outperforms Federal Loan Programs Washington, D.C. (June 4, 2014) – Today, the Consumer Bankers Association (CBA) submitted testimony for the record to the Senate Banking Financial Institutions and Consumer Protection Subcommittee for the hearing entitled: Student Loan Servicing and the Borrower’s Experience . CBA’s testimony notes the strong performance of the private...
May 22, 2014Washington, D.C. (May 22, 2014) – The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index has found consumer’s finance optimism rose slightly in April to -4.8. The uptick is related to a decrease in concern surrounding their current financial situation, with 62 percent of all survey respondents in April stating they were concerned with their current financial...
May 20, 2014Washington, D.C. (May 20, 2014) – Richard Hunt, President and CEO of the Consumer Bankers Association, issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) announcement that it will begin opening up meetings of its Consumer Advisory Board and councils to the American public: “We agree with Director Cordray – ‘Sunlight can be the best disinfectant, and...
May 6, 2014Washington, D.C. (May 6, 2014) – Richard Hunt, President and CEO of the Consumer Bankers Association, issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) proposed rule to ease privacy disclosure requirements for financial institutions that limit the amount of customer data they share with outside firms: “Many consumers already access account notices and...
