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CBA Applauds Speaker Ryan & House Republicans for Taking Action to Protect Consumers
Washington, D.C. (June 14, 2016) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to House Speaker Paul Ryan’s unveiling of key reforms affecting consumers of financial products and services:
“We applaud Speaker Ryan and House Republicans for their efforts to strengthen the governance structure of the CFPB. As we see at the vast majority of independent federal agencies, a bipartisan commission at the helm will provide a balanced, fair, deliberative approach to supervision, regulation, and enforcement. Most importantly, it offers a stable form of leadership that will preserve the agency’s role regardless of a President Trump or Clinton. Additionally, we thank them for highlighting the need to improve a number of other issues hurting consumers’ access to credit. We look forward to working with the House to advance these proposals to the Senate and then the White House,” said CBA’s President and CEO Richard Hunt.
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.
The Consumer Bankers Association is the recognized voice on retail banking issues in the nation’s capital. Founded in 1919, CBA provides leadership, education, research and federal representation on retail banking issues. For more information, please contact Maggie Seidel, firstname.lastname@example.org, (571) 447-0197 or visit www.consumerbankers.com.