Media Releases

Press Contact

Lauren Bianchi
lbianchi@consumerbankers.com
202-552-6371
  • July 6, 2023
    The Consumer Bankers Association (CBA) this week submitted a comment letter to the Consumer Financial Protection Bureau (the Bureau) regarding its Statement of Policy Regarding Prohibition on Abusive Acts or Practices (the Policy Statement). In the letter, CBA reiterated longstanding concerns that the Bureau is utilizing guidance and policy statements as a substitute to formal rulemakings when...
  • June 28, 2023
    Consumer Bankers Association (CBA) President & CEO Lindsey Johnson today released the following statement after the Federal Reserve announced the results of the agency’s annual stress tests, which assess the ability of large financial institutions to weather severe economic uncertainty: “Today’s results confirm America’s leading banks remain resilient, well-capitalized and fully capable of...
  • June 20, 2023
    Consumer Bankers Association (CBA) President and CEO Lindsey Johnson sat down with Capitol Account for a conversation about the direction of the Consumer Financial Protection Bureau (CFPB) and pressing policy issues facing the industry today, from credit card late fees to Section 1071, fraud, and more. The interview appeared in the outlet’s trademark “Friday Q&A” and comes ahead of Johnson’s...
  • June 16, 2023
    Lawmakers on both sides of the aisle and in both chambers of Congress this week joined the Consumer Bankers Association’s (CBA) call for the Consumer Financial Protection Bureau (CFPB) to be part of a whole-of-government investment in consumer education initiatives focused on scam identification and prevention. During CFPB Director Rohit Chopra’s Semi-Annual Report to the Senate Banking Committee...
  • June 12, 2023
    In new letters sent to the Senate Banking Committee and House Financial Services Committee ahead of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress this week, the Consumer Bankers Association (CBA) outlined legislative and regulatory recommendations necessary to fulfill the Bureau’s responsibility of protecting consumers and supporting a competitive financial...
  • June 9, 2023
    Washington Post FactChecker Glenn Kessler today published a column debunking claims made by Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra and President Joe Biden that consumers would save $9 billion as a result of a new proposal that would arbitrarily and uniformly reduce credit card late fees to $8. What the FactChecker is saying: Kessler found several inconsistencies with...
  • June 6, 2023
    Consumer Bankers Association (CBA) President and CEO Lindsey Johnson sat down with former journalist, IntraFi Chief Content Officer, and host of the popular banking podcast “Banking with Interest” Rob Blackwell for a candid conversation about the future of M&A, how proposals taking shape at the CFPB will affect the industry, and consumers and what steps Congress can take to ensure the CFPB...
  • June 6, 2023
    Consumer Bankers Association (CBA) President and CEO Lindsey Johnson issued the followed statement in anticipation of the re-introduction of legislation that would establish an unnecessary and unsafe federally-mandated payment network at the expense of fraud prevention, security measures, and popular rewards programs that are currently in place with existing payment networks: “Don’t let the name...
  • June 5, 2023
    A new report from the Financial Health Network examining the overdraftmarketplace reinforced the impact of bank-led innovation and consumers’ need for the product as they contend with ongoing economic headwinds. Key Findings: According to the report, which surveyed consumers about their overdraft experiences in 2022 and compared these findings to prior years: Aggregate fees from overdraft dropped...
  • June 1, 2023
    The Consumer Financial Protection Bureau (CFPB) today issued a report highlighting the potential harm fintech payment providers operating outside of the well-regulated and supervised banking system could cause consumers. The CFPB also issued a consumer advisory urging consumers to move funds stored on apps such as Venmo, PayPal, and CashApp, which may not be protected by insurance in the event of...

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