Media Releases
April 29, 2013Washington, D.C. (April 29, 2013) – The Consumer Bankers Association (CBA) Foundation, sponsoring CBA member banks from across the country and Ashoka’s Youth Venture are pleased to announce the “Banking on Youth” competition finalists. Banking on Youth invites young people between the ages of 13 and 20 to share their ideas for entrepreneurial ventures that are sustainable and directly benefit...
April 24, 2013Washington, D.C. (April 24, 2013) – Statement of Richard Hunt, President and CEO, Consumer Banker's Association: "CBA believes all products should be offered in a clear and transparent manner, and no product should force consumers into a "debt trap". CBA member banks who offer deposit advance products already mandate "cooling off" periods for consumers. Many consumers rely on short term loan...
April 2, 2013Washington, D.C. (April 2, 2013) – Responding to the growing number of consumers who interact with their bank regularly in more than one channel, retail banks are developing new strategies and planning to invest more resources toward meeting these multichannel demands. This is according to the second annual survey of Consumer Bankers Association (CBA) members conducted by Forrester Research, Inc...
March 28, 2013Washington, D.C. (March 26, 2013) – CBA supports the CFPB’s efforts to educate consumers to make financial decisions. Unfortunately, today the CFPB took a serious step in the wrong direction by releasing tens of thousands of “not verified” complaints and encouraging the public to do its own homework. This approach is unnecessary, misleading and ultimately harmful to consumers. A better service to...
March 26, 2013Washington, D.C. (March 26, 2013) – “We thank Senator Johnson for three decades of service to our country and to the people of South Dakota. His steadfast leadership to ensure consumers are safe in an ever-changing financial landscape will be his legacy. We wish him and his family well.” About CBA The Consumer Bankers Association (CBA) is the trade association for today's leaders in retail...
March 21, 2013Washington, D.C. (March 21, 2013) – “CBA and our members have a deep and abiding commitment to fulfilling the financial needs of consumers and have zero tolerance for discrimination. This is a bedrock principle throughout the banking industry across all products. We look forward to working with the CFPB and all our regulators to ensure every consumer is protected. Unfortunately, Congress dealt...
March 12, 2013Phoenix, AZ (March 12, 2013) – The Consumer Bankers Association today announced First Niagara Financial Group (Buffalo, N.Y., NASDAQ: FNFG) as the winner of the third annual Joe Belew Award at CBA LIVE: The Future of Money in Phoenix, Ariz. Incoming CBA Chair Andy Harmening, senior executive vice president at Bank of the West, presented the award in recognition of First Niagara’s Affordable...
March 11, 2013Phoenix, AZ (March 11, 2013) – In front of 1,100 attendees at the Consumer Bankers Association’s (CBA) annual conference CBA LIVE today, TRU, the leader in youth insights and research, presented exploratory research about the Millennial generation’s relationship with retail banking. Katie Sacksteder , vice president at TRU, shared data from the 2013 TRU Study and insights and video from four...
March 11, 2013Phoenix, AZ (March 11, 2013) – Please attribute this statement to CBA President and CEO, Richard Hunt: "CBA continues to call for changes to the CFPB structure, including from a sole director to a commission, so it endures the test of time, not just the next election. This is the preferred leadership structure at independent regulatory agencies since the OCC was created in 1863, as it provides...
March 7, 2013Washington, D.C. (March 7, 2013) – The Consumer Bankers Association (CBA) will host more than 1,000 attendees from 71 national and regional banks in Phoenix, Ariz. March 11-13, 2013 for CBA LIVE: The Future of Money, the largest annual conference for retail banking industry leaders. From an Oxford style debate on the future of the bank branch, to original research about millennial customers, and...
