CBA Statement on Senate Banking Regulatory Relief Discussion Draft

 

Washington, D.C. (May 12, 2015) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to the release of the discussion draft of “The Financial Regulatory Improvement Act of 2015,”sponsored by Chairman Richard Shelby (R-Ala):

“Chairman Shelby’s discussion draft appropriately addresses the repercussions of the ‘one-size-fits-all’ framework implemented by the Wall Street Reform and Consumer Protection Act.  We appreciate the Chairman’s thoughtful approach to regulatory relief for U.S. financial institutions and, given the bipartisan support for a number of these provisions in the past, hope Republicans and Democrats can work together in the coming days to advance these reforms,” said CBA’s President and CEO Richard Hunt.

To view the discussion draft, click here.

To view the section-by-section summary, click here.

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.
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The Consumer Bankers Association is the recognized voice on retail banking issues in the nation’s capital. Founded in 1919, CBA provides leadership, education, research and federal representation on retail banking issues. For more information, please contact Maggie Seidel, mseidel@consumerbankers.com, (571) 447-0197 or visit www.consumerbankers.com.