Media Releases

Press Contact

Lauren Bianchi
lbianchi@consumerbankers.com
202-552-6371
  • August 2, 2021
    WASHINGTON – In a new letter sent to the U.S. Senate Committee on the Judiciary, Consumer Bankers Association President and CEO Richard Hunt expressed caution around efforts to change bankruptcy treatment for student loans, which would increase the cost of credit for future borrowers and fail to address the root cause of the student lending crisis in America today – unrestrained federal lending...
  • July 29, 2021
    WASHINGTON – Testifying before the U.S. Senate Banking Committee today, Consumer Bankers Association General Counsel and Senior Vice President, David Pommerehn, said imposing a new cap on interest rates would threaten consumers’ access to affordable credit, harming low- and moderate-income communities most. Pommerehn prepared the following remarks for delivery ahead of Thursday’s hearing :...
  • July 29, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement in opposition to legislation re-introduced by U.S. Senators Jack Reed (D-RI), Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Chris Van Hollen (D-MD) which would limit consumers’ access to credit by imposing an arbitrary 36% rate cap on consumer loans: “As the nation grapples with the...
  • July 28, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today released the following statement in response to the Small Business Administration’s (SBA) reported plans to conclude the nearly $1 trillion Paycheck Protection Program by encouraging borrowers with loans of $150,000 or less to apply for loan forgiveness through a new online platform: “Today’s announcement signals the end of an important...
  • July 28, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today issued the following statement after Congressman Blaine Luetkemeyer (R-MO), Ranking Member of the House Financial Services Subcommittee on Consumer Protection and Financial Institutions, introduced a bill to replace the position of the Director at the Consumer Financial Protection Bureau (CFPB) with a five-member bipartisan commission: “Thank...
  • July 28, 2021
    WASHINGTON – Consumer Bankers Association General Counsel and Senior Vice President, David Pommerehn, will testify before the Senate Banking Committee on Thursday on the shared goal of protecting and expanding consumers’ access to affordable credit, and how proposals to arbitrarily impose interest rate caps would stifle those efforts, ultimately harming individuals and families. Ahead of Thursday...
  • July 27, 2021
    WASHINGTON – In a new letter sent to the U.S. Senate Banking Subcommittee on Economic Policy ahead of their Tuesday hearing entitled “Protecting Student Loan Borrowers and the Economy in Upcoming Transitions,” Consumer Bankers Association President and CEO Richard Hunt outlined the need to reimpose limits on unrestrained federal student lending to immediately address the rising student debt...
  • July 27, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today issued the following statement congratulating 55 bankers who graduated today from CBA’s Executive Banking School, celebrating its 70 th anniversary as retail banking’s premier program designed to train future leaders in the industry. Despite being held virtually this year, EBS 2021 was sold out with nearly 300 bankers participating from more...
  • July 21, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today issued the following statement recognizing the 10th anniversary of the Consumer Financial Protection Bureau (CFPB): “The CFPB’s mission of increasing transparency and fairness and clearly defining the rules of the road is profoundly important and a mission CBA has long championed. “Over the last 10 years, the Bureau has taken some important...
  • July 20, 2021
    WASHINGTON –CBA President and CEO Richard Hunt today issued the following statement after the Office of the Comptroller of the Currency (OCC) announced its decision to move forward with a repeal of the June 2020 Community Reinvestment Act (CRA) rule and continue working with the Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on a joint rulemaking process to modernize...

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