CBA Applauds Introduction of Transparency in Student Lending Act

July 15, 2016

Washington, D.C. (July 15, 2016) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), today released the following statement after Rep. Hultgren (R-IL) introduced the Transparency in Student Lending Act, H.R. 5838.

“Empowering federal student loan borrowers with the information necessary to make sound financial decisions is a commonsense proposal that should receive unanimous support.  The total cost of a loan should never be withheld from students and their families.  We commend Representative Hultgren for introducing legislation to demand the same level of transparency from the federal government as our member banks provide in the private student loan market.”

About CBA
The Consumer Bankers Association (CBA) is the trade association for today's leaders in retail banking - banking services geared toward consumers and small businesses. The nation's largest financial institutions, as well as many regional banks, are CBA corporate members, collectively holding two-thirds of the industry's total assets. CBA’s mission is to preserve and promote the retail banking industry as it strives to fulfill the financial needs of the American consumer and small business.