Media Releases
- November 30, 2021Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement in opposition to legislation re-introduced by members of the House of Representatives which would limit consumers’ access to credit by imposing an arbitrary cap on interest rates, harming low- and moderate-income communities most: “For millions of American families, small dollar loans, credit...
- November 30, 2021Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q3 2021 Quarterly Banking Profile : “The FDIC’s third quarter profile reaffirms the strength and resiliency of America’s leading banks who are helping drive our economic recovery forward. Positive deposit growth and improved credit...
- November 27, 2021The Consumer Bankers Association (CBA), the International Franchise Association (IFA), the National Association of Women Business Owners (NAWBO) and the US Hispanic Chamber of Commerce (USHCC) are joining forces to celebrate America’s small businesses in advance of Small Business Saturday on November 27 as part of their joint campaign unveiled in May, the #SmallBusinessSpotlight . The campaign...
- November 22, 2021Consumer Bankers Association President and CEO Richard Hunt today issued the following statement on the Biden Administration’s renomination of Jerome Powell to lead the Federal Reserve as Chair: “CBA commends Chair Powell on his renomination. During one of the most uncertain and challenging times in our nation’s history, Chair Powell’s leadership helped ensure the well-regulated and well-...
- November 15, 2021In a new Banking Dive op-ed , Consumer Bankers Association (CBA) President and CEO Richard Hunt advocates for the Consumer Financial Protection Bureau (CFPB) to establish clear and transparent rules of the road in lieu of enforcement when creating new guidelines or interpretations of existing regulatory standards. With last Friday marking one month since CFPB Director Rohit Chopra was officially...
- November 5, 2021Yesterday, Richard Foster, who recently completed a two-year term as Chair of the Consumer Bankers Association (CBA) Small Business Committee , participated in a Veterans Small Business Showcase and Roundtable hosted by House Committee on Small Business Ranking Member Blaine Luetkemeyer (MO-03) to commemorate National Veterans Small Business Week. Foster is an Executive Vice President and...
- November 3, 2021Consumer Bankers Association (CBA) President and CEO Richard Hunt today, during the November meeting of the CBA Board of Directors, announced his plan to depart after more than a dozen years leading the organization. Hunt will continue to serve as President and CEO until the summer of 2022 and will assist the CBA Search Committee in identifying a successor. “It has been an honor and a privilege...
- October 29, 2021Consumer Bankers Association Education Funding Committee Chair and Head of Student Lending for Citizens Bank Christine Roberts earlier this week testified before the District of Columbia City Council Committee on Business and Economic Development in opposition to a proposal (B-170) that, in its current form, would reduce access to higher education options for students and families living in the...
- October 26, 2021The Consumer Bankers Association and Small Business Financial Exchange today released the Small Business Lending Trends analysis covering the second quarter of 2021. The analysis, which is released quarterly, examines key credit information for America’s small businesses and found multiple rounds of federal relief and lender assistance programs have had a positive impact on both delinquency and...
- October 26, 2021Consumer Bankers Association President and CEO Richard Hunt today sent the following letter to the Chairs and Ranking Members of the House Financial Services Committee and Senate Banking Committee ahead of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress this week. The hearings mark Director Rohit Chopra’s first Congressional testimony since he was officially sworn...