Media Releases
- February 29, 2024WASHINGTON, D.C. – Earlier this month, the Consumer Financial Protection Bureau (CFPB or Bureau) published a comparison of credit card annual percentage rates (APRs) between large and small credit card issuers. As the Consumer Bankers Association (CBA) previously discussed , while the Bureau focuses solely on APRs, credit issuers compete on a number of different dimensions: their ability to...
- February 26, 2024This Black History Month, the Consumer Bankers Association (CBA) is proud to highlight the many ways in which America’s leading retail banks have worked to empower Black entrepreneurs and communities to build successful businesses and brighter futures, not just in February, but all year long. The final installment in CBA’s Black History Month Blog series features the work of banks to support...
- February 22, 2024Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today responded to the latest misleading narrative from the Consumer Financial Protection Bureau (CFPB) related to the robustly competitive credit card market: “The CFPB claims that rising credit card interest rates over the past decade have been against a background of a ‘relatively stable share of cardholders with subprime...
- February 21, 2024The Consumer Bankers Association, Bank Policy Institute and American Bankers Association made recommendations yesterday to the U.S. Department of Treasury in response to its request for information to inform its establishment of a nationwide financial inclusion strategy. The percentage of consumers with access to banking account services is at historic highs and significant progress has been made...
- February 16, 2024WASHINGTON, D.C. – This Black History Month, the Consumer Bankers Association (CBA) is proud to highlight the many ways in which America’s leading retail banks have worked to empower Black entrepreneurs and communities to build successful businesses and brighter futures, not just in February, but all year long. The second installment of CBA’s Black History Month blog series profiles some of the...
- February 16, 2024WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today announced featured speakers for the 15th annual CBA LIVE , which is taking place from March 25-27 at National Harbor in Washington, D.C. This year’s event theme – For the People – will highlight the numerous ways in which banks’ essential products and services support consumers, homeowners, entrepreneurs, and more to reach their...
- February 16, 2024Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) recently published Terms of Credit Card Products survey, which intentionally included a number of troubling, unfounded statements about the state of the credit card marketplace: “The CFPB’s own data simply does not support...
- February 12, 2024WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today announced the launch of “ Banks Believe in You ,” a new campaign highlighting the positive role banks play in communities nationwide to foster small business development, support homeowners, encourage entrepreneurship, and more. CBA President and CEO Lindsey Johnson issued the following statement on the launch the campaign: “For more...
- February 6, 2024WASHINGTON, D.C. – This Black History Month, the Consumer Bankers Association (CBA) is proud to highlight the many ways in which America’s leading retail banks have worked to empower Black entrepreneurs and communities to build successful businesses and brighter futures, not just in February, but all year long. In this first installment of a new blog series, we are spotlighting some of the...
- February 1, 2024WASHINGTON, D.C. – The Consumer Bankers Association (CBA) this week submitted a letter ahead of the U.S. Senate Committee on Banking, Housing, and Urban Affairs’ hearing examining rising instances of fraud and scams, in which CBA highlights the most significant fraud threats facing consumers today and the leading role the banking industry has taken to identify and counter these threats to...