Media Releases
July 5, 2022The Consumer Bankers Association (CBA) Board of Directors welcomed Lindsey Johnson, who officially begins her tenure today as the trade association’s new President and CEO . Chairman of the CBA Board of Directors, Michelle Lee of Wells Fargo, who led the Search Committee for CBA’s President and CEO, said: “This is an exciting day for CBA as Lindsey Johnson officially begins her new role as...
June 29, 2022In a new white paper sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association (CBA) and other leading financial groups called on the Bureau to rescind recent changes made to the Unfair, Deceptive, or Abusive Acts or Practices (UDAAPs) examination manual, an enormous self-expansion of the agency’s authority that stands contrary to law and the intent of...
June 23, 2022WASHINGTON, DC – Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement after the Federal Reserve announced the results of the agency’s annual stress tests, which assess the ability of large financial institutions to weather severe economic uncertainty: “Today’s results once again affirmed the strength and resiliency of the nation’s leading banks...
June 22, 2022WASHINGTON, DC – Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued an Advanced Notice of Proposed Rulemaking (ANPR) regarding credit card fees. “Today’s announcement is another reminder the Bureau appears more interested in advancing a particular agenda than developing fact-based...
June 16, 2022In response to a new Request for Information , launched earlier this week by the Consumer Financial Protection Bureau (CFPB), regarding customer service experiences at large financial institutions, Consumer Bankers Association (CBA) President and CEO Richard Hunt reiterated consumers’ satisfaction with America’s leading banks, which continue to develop new financial innovations to enhance the...
June 13, 2022In a new letter sent today to the House Committee on Financial Services, Consumer Bankers Association (CBA) President & CEO Richard Hunt reiterated longstanding opposition to H.R. 4277, legislation that would restrict access to overdraft for millions of hardworking families who knowingly use and value the product. In the letter , CBA also highlighted the recent bank-led overdraft innovations...
May 24, 2022Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q1 2022 Quarterly Banking Profile: “Despite historic inflationary pressures and global uncertainty, the FDIC’s Q1 2022 Quarterly Banking Profile demonstrates the resiliency of America’s leading banks and the millions of consumers they...
May 23, 2022Driven by consumer demand and a desire to provide the best banking experience available – whether at a branch or on an app – the banking industry is in the midst of a dramatic digital transformation. In this third edition of Driving the Digital Revolution – CBA is highlighting recent initiatives from Citizens Bank, Frost Bank, KeyBank and Wells Fargo designed to enhance their digital offerings...
May 19, 2022In a new letter sent to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, the Consumer Bankers Association (CBA) called on the Bureau to extend its supervisory authority in specific markets where under-regulated fintechs hold a significant share. Last month, the CFPB announced it will begin utilizing a previously “dormant authority” allowing them to conduct supervisory...
May 12, 2022The Consumer Bankers Association (CBA) today released the following statement after the United States Senate confirmed Jerome Powell to serve a second term as Chairman of the Federal Reserve Board of Governors: “Congratulations to Jerome Powell on his Senate confirmation to serve a second term as Chairman of the Federal Reserve. Throughout the COVID-19 pandemic, Chairman Powell has worked in...
