Media Releases
September 24, 2013Washington, D.C. (September 24, 2013) – Two years ago 13 major U.S. banks made a commitment to the American people to increase lending by $20 billion to small businesses by September 2014. Today—one year ahead of the deadline— data from those 13 banks shows their combined small business lending increased by $17 billion, already at 85 percent of the $20 billion goal. The Financial Services...
September 20, 2013Washington, D.C. (September 20, 2013) – Today Richard Hunt, President and CEO of the Consumer Bankers Association, released the following statement regarding the case of NACS v. Board of Governors of the Federal Reserve System in respect to debit interchange. District Court Judge Richard Leon issued an order yesterday, granting the parties’ request to stay his July 31, 2013 decision pending an...
September 16, 2013Washington, D.C. (September 16, 2013) – Richard Hunt, President & CEO of the Consumer Bankers Association, issued the following statement upon President Barack Obama’s remarks on the anniversary of the financial crisis: “Five years removed from the start of the financial crisis, the retail banking industry is stronger and sounder. Key indicators as published by the FDIC including the lowest...
September 5, 2013Washington, D.C. (September 5, 2013) – Richard Hunt, President & CEO of the Consumer Bankers Association, issued the following statement upon the announcement that students will have less options in student loan lending following the near government takeover of the student loan market: “This is a troubling trend for students and taxpayers, meaning even less competition in the marketplace...
September 4, 2013Washington, D.C. (September 4, 2013) – Richard Hunt, President/CEO of the Consumer Bankers Association, issued the following statement upon the announcement that Steven Antonakes has been officially named deputy director of the CFPB. Antonakes had been serving as the bureau’s acting deputy director: “CBA congratulates Steven Antonakes on being named the permanent deputy director of the CFPB. His...
August 28, 2013Washington, D.C. (August 28, 2013) – Richard Hunt, President/CEO of the Consumer Bankers Association, issued the following statement after the Fed, FDIC, OCC, FHFA, SEC, and HUD released a second inter-agency credit risk retention proposal implementing section 941 of the Dodd-Frank Act: “Today’s proposal aligning Qualified Residential Mortgages with the CFPB’s QM rule will help reduce the cost of...
August 21, 2013Washington, D.C. (August 21, 2013) – Today Richard Hunt, President and CEO of the Consumer Bankers Association, released the following statement after a hearing before U.S. District Court Judge Richard Leon in the matter of NACS v. Board of Governors of the Federal Reserve System: “The Fed’s decision to appeal Judge Leon’s ruling is welcome news for consumers. The Judge’s original decision left...
July 31, 2013Washington, D.C. (July 31, 2013) – "This new ruling will create even more chaos for consumers and small banks. Congress ought to save families from this uncertainty by repealing this government mandated price-fixing. We certainly hope retailers return to their free-market principles as they did when opposing the proposed government ban on big gulp sodas in New York." About CBA The Consumer...
July 30, 2013Washington, D.C. (July 30, 2013) – The CBA/BAI Graduate School of Retail Bank Management (GSRBM) congratulates the 78 members of the Class of 2013 and is proud to announce this year’s honors students and the Tem Wooldridge Award to the top student. Today’s graduates have invested three years in the GSRBM program which signifies their commitment to ensuring the industry is led by the best and...
July 30, 2013Washington, D.C. (July 30, 2013) – The CBA/BAI Graduate School of Retail Bank Management (GSRBM) congratulates the 78 members of the Class of 2013 and is proud to announce this year’s honors students and the Tem Wooldridge Award to the top student. Today’s graduates have invested three years in the GSRBM program which signifies their commitment to ensuring the industry is led by the best and...
