Media Releases
May 5, 2021CBA, Financial Trades Urge OCC to Formally Delay or Withdraw CRA Rule WASHINGTON – Consumer Bankers Association, along with nine other financial services trades, this week wrote Office of the Comptroller of the Currency (OCC) Acting Comptroller Blake Paulson urging the agency to formally withdraw its June 2020 Community Reinvestment Act (CRA) Rule or delay its January 2023 compliance date by at...
May 5, 2021America’s Leading Banks: Supporting Small Businesses, Driving Economic Recovery Forward WASHINGTON – This week marks #SmallBusinessWeek, a time to celebrate the backbone of the American economy: our small businesses. When COVID-19 hit our communities, millions of small business owners were forced to implement staffing changes or shutter their operations altogether at no fault of their own...
May 4, 2021CBA Statement on Reports Regarding Funding for Paycheck Protection Program Loans WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement in response to reports that funding for Paycheck Protection Program loans, with an exception for CFI’s, has been depleted: “Over the past year, banks across the country have moved heaven and earth to support the...
May 3, 2021CBA Statement on President Biden’s Pick to Oversee Federal Aid Office WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Biden Administration selected former Consumer Financial Protection Bureau chief Richard Cordray to head the Office of Federal Student Aid in the U.S. Department of Education: “I called former director Cordray today...
April 30, 2021CBA Applauds Introduction of Student Loan Disclosure Modernization Act In letter to Senators Manchin and Scott, CBA touts bipartisan legislation as an important step in empowering borrowers to make informed decisions about financing higher education WASHINGTON – As the Administration and Congress evaluate proposals to address the nation’s federal student debt crisis, the Consumer Bankers...
April 28, 2021New Report Finds Customer Satisfaction with Nation’s Leading Retail Banks Surges Amid COVID-19 J.D. Power’s Retail Banking Satisfaction Study Highlights Retail Banks’ Successful Digital Transformation WASHINGTON, DC – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after J.D. Power released the results of its 2021 U.S. Retail Banking Satisfaction Study...
April 15, 2021CBA Calls for Continued Efforts to Level Playing Field, Highlights Dangers of ILC Charters Without Adequate Supervision WASHINGTON – In advance of the House Subcommittee on Consumer Protection and Financial Institutions hearing today entitled “Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters,” the Consumer Bankers Association wrote a letter to...
April 15, 2021Former Regulator, Industry Experts Analyze Potential Threats, Trends & Controversial Issues Facing Banks WASHINGTON, DC – The Consumer Bankers Association hosted its first-ever CBA Washington Forum on Wednesday where lawmakers and industry experts weighed in on where the industry is now and where banking could be headed in “the new Washington, DC.” The second half of our program featured a...
April 14, 2021At CBA, Lawmakers, Regulators Discuss What’s Ahead in Washington for Retail Banking At the Consumer Bankers Association’s first-ever Washington Forum earlier today, regulators and lawmakers at the forefront of bank policy weighed in on the biggest issues facing the industry, including: addressing new technologies and the evolving banking ecosystem, increasing access to banking products and...
April 13, 2021CBA: Restraining Federal Lending Critical to Reducing Excessive Student Loan Debt In letter to Senate Banking Subcommittee, CBA outlines practical solutions to ease student loan debt, protect borrowers WASHINGTON – As the Administration and Congress evaluate proposals to address the nation’s federal student debt crisis, Consumer Bankers Association today outlined commonsense reforms to reduce...
