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CBA Statement on FY 2015 Obama Budget
Washington, D.C. (February 27, 2014) – Richard Hunt, president and CEO of the Consumer Bankers Association, issued the following statement in response to President Barack Obama’s FY 2015 Federal Budget proposal:
“The banking industry plays an important role in our economy by extending credit to consumers and small businesses - it is time to end the demonization of banking. Hamstringing banks via a punitive tax will only squeeze consumer credit and harm our already shaky economic recovery.”
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.