CBA LIVE: 2013 “The Future of Money” News CBA President Hunt statement regarding CFPB hearing

March 11, 2013
Jean Marie Bunton

Phoenix, AZ (March 11, 2013) – Please attribute this statement to CBA President and CEO, Richard Hunt:

"CBA continues to call for changes to the CFPB structure, including from a sole director to a commission, so it endures the test of time, not just the next election. This is the preferred leadership structure at independent regulatory agencies since the OCC was created in 1863, as it provides for a balanced and deliberate approach to supervision and enforcement.  Additional adjustments will ensure the Bureau does not continue to be a political football."

About CBA
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.

For more information, please contact Jeannie Bunton, jbunton@cbanet.org, 202.552.6370, or visit www.cbanet.org.