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CBA Statement on Antonakes at CFPB
Washington, D.C. (September 4, 2013) – Richard Hunt, President/CEO of the Consumer Bankers Association, issued the following statement upon the announcement that Steven Antonakes has been officially named deputy director of the CFPB. Antonakes had been serving as the bureau’s acting deputy director:
“CBA congratulates Steven Antonakes on being named the permanent deputy director of the CFPB. His background as a career bank examiner and as the Commissioner of Banks for the Commonwealth of Massachusetts provides the CFPB with the needed expertise to level the playing field between banks and non-banks as mandated by Dodd-Frank. CBA looks forward to continuing to work with the CFPB and him in the coming months and years.”
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.