Media Releases

Press Contact

Billy Rielly
brielly@consumerbankers.com
  • August 31, 2021
    WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today announced Wells Fargo as the 2021 Joe Belew Award winner, recognizing the bank for its efforts to support communities hardest hit by the pandemic with its Drive-Up Food Bank Program . Wells Fargo was one of 14 banks to submit applications showcasing the impact of their COVID-19 relief initiatives. Entering its 11th year, the award...
  • August 31, 2021
    In a new letter sent to the U.S. House Committee on Small Business, the Consumer Bankers Association reiterated the commitment from America’s leading banks to provide a simplified and streamlined forgiveness process for 2021 Paycheck Protection Program (PPP) borrowers. CBA member banks represented 13 of the top 15 PPP lenders in 2020, and their efforts have helped protect more than 90 million...
  • August 18, 2021
    WASHINGTON – Consumer Bankers President and CEO, Richard Hunt, today released the following statement in response to a new study from researchers at the University of Texas, which found fintech lenders participating in the recent Paycheck Protection Program (PPP) were nearly five times more likely than traditional lenders to be involved with suspicious loans. The study also concluded nine out of...
  • August 18, 2021
    WASHINGTON – In a new letter sent to Rep. Blaine Luetkemeyer, Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions on the House Financial Services Committee, nearly thirty trade groups expressed strong support for H.R. 4773, the Consumer Financial Protection Commission Act, which would transition the governance structure of the Consumer Financial Protection Bureau...
  • August 16, 2021
    WASHINGTON – Hundreds of the nation’s top bankers, policymakers, and industry thought leaders joined CBA LIVE 2021 virtually for Day One of retail banking’s top annual event. Today’s programming featured a conversation with Acting Comptroller of the Currency, 7 Deep Dive sessions and 25 forums covering a wide array of topics and issues facing banks today, including: “Under New Management: CFPB...
  • August 2, 2021
    WASHINGTON – In a new letter sent to the U.S. Senate Committee on the Judiciary, Consumer Bankers Association President and CEO Richard Hunt expressed caution around efforts to change bankruptcy treatment for student loans, which would increase the cost of credit for future borrowers and fail to address the root cause of the student lending crisis in America today – unrestrained federal lending...
  • August 2, 2021
    WASHINGTON – The Bank for International Settlements today released a new report warning of the significant risk to the global financial system posed by the lack of sufficient regulation and supervision among leading technology firms, which increasingly are offering financial products and services to consumers. In response to the report, Consumer Bankers Association President and CEO Richard Hunt...
  • July 29, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement in opposition to legislation re-introduced by U.S. Senators Jack Reed (D-RI), Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Chris Van Hollen (D-MD) which would limit consumers’ access to credit by imposing an arbitrary 36% rate cap on consumer loans: “As the nation grapples with the...
  • July 29, 2021
    WASHINGTON – Testifying before the U.S. Senate Banking Committee today, Consumer Bankers Association General Counsel and Senior Vice President, David Pommerehn, said imposing a new cap on interest rates would threaten consumers’ access to affordable credit, harming low- and moderate-income communities most. Pommerehn prepared the following remarks for delivery ahead of Thursday’s hearing :...
  • July 28, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today released the following statement in response to the Small Business Administration’s (SBA) reported plans to conclude the nearly $1 trillion Paycheck Protection Program by encouraging borrowers with loans of $150,000 or less to apply for loan forgiveness through a new online platform: “Today’s announcement signals the end of an important...

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