CBA Statement on BCFP Campus Products Report

December 11, 2018
Nick Simpson

 

CBA Statement on BCFP Campus Products Report

 

WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Bureau of Consumer Financial Protection’s internal report on the use of campus products:

 

“Banks value the relationship they have with their customers and provide important, necessary services to students as they work to achieve their goals. The more services – wire transfers, overdraft protections and the like – used by a customer of any age will result in increased annual costs. Each product and service carries a nominal fee – as the report notes – and is optional.”

 

 

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 About the Consumer Bankers Association
The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.