Media Releases
February 4, 2021CBA Statement on Latest Student Debt Resolution WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Senate Democrats proposed eliminating $50,000 of student debt without a serious attempt to bring about fundamental, long-lasting reforms aimed at lowering college tuition: “Focusing on after-the-fact student loan debt alone is a temporary...
January 27, 2021CBA Writes Congress on Consumer Finance Legislative Agenda WASHINGTON – The Consumer Bankers Association yesterday afternoon wrote the leadership of the Senate Banking, Housing and Urban Affairs and House Financial Services committees to discuss legislative issues affecting consumers and financial institutions as well as the work banks have done to assist consumers during COVID-19, including...
January 27, 2021CBA Statement on Yellen Confirmation WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. Senate overwhelmingly confirmed Janet Yellen for U.S. Treasury Secretary: “CBA congratulates Secretary Yellen on her confirmation. She is a tested, steady hand and will play a pivotal role as our nation works to recover from the economic...
January 27, 2021CBA Statement Director Kraninger’s Tenure WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on Consumer Financial Protection Director Kathy Kraninger’s tenure: “We would like to thank Director Kraninger for answering the call to public service and, most importantly, her commitment to consumers. She advanced the Bureau’s financial education...
January 19, 2021CBA Statement on PPP Reopening WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement in advance of the Small Business Administration reopening today the Paycheck Protection Program for loan submission by all lenders: “The nation’s well-regulated banking industry has been a source of strength throughout this pandemic and, just like last year, are...
January 19, 2021CBA Statement on Chopra Nomination, CFPB Leadership WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the nomination of Federal Trade Commission Commissioner Rohit Chopra to serve as the next Director of the Consumer Financial Protection Bureau: "CBA commends Commissioner Chopra on his nomination to become the CFPB‘s third director. We look...
January 14, 2021CBA Statement on Acting Comptroller Brooks WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Acting Comptroller Brian Brooks announced today would be his last day at the Office of the Comptroller of the Currency and OCC Chief Operating Officer Blake Paulson would assume the role of Acting Comptroller: “We would like to thank Acting...
January 8, 2021CBA Statement on PPP Reopening “We are just as committed now as we were last year to helping every small business in need receive the necessary relief to survive the economic effects of this pandemic.” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement ahead of the Paycheck Protection Program’s reopening: “Banks are prepared once again to...
January 5, 2021CBA Statement on CFPB Consumer Taskforce Report WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Consumer Financial Protection Bureau Taskforce on Federal Consumer Financial Law’s report on ways to modernize and harmonize federal consumer financial laws: “The CFPB, Taskforce members and Director Kraninger should be commended for...
December 22, 2020CBA-Led Streamlined Forgiveness Effort a Win for Small Businesses -Streamlined forgiveness amounts to approx. $7 billion in addition small business relief- The COVID-19 stimulus legislation passed by Congress will streamline the forgiveness process for about 85 percent of small businesses who received Paycheck Protection Program loans. Simplifying the forgiveness process for loans less than $150,...
