Media Releases
April 13, 2022A new bipartisan report from the U.S. Government Accountability Office (GAO) found regulatory uncertainty around small-dollar loans served as a significant impediment towards banks’ ability to offer these products. The report, commissioned by U.S. Senators Gary Peters (D-MI) and Mike Rounds (R-SD), reaffirmed CBA’s longstanding position that excessive and ever-changing regulation stifles...
April 11, 2022In response to the Consumer Financial Protection Bureau’s (CFPB) Request For Information (RFI) regarding fees charged by banks, the Consumer Bankers Association (CBA) in a new letter sent today highlighted the choice and transparency afforded to consumers within the highly competitive and well-regulated banking industry, while also rebutting misleading rhetoric that undermines the work of both...
April 7, 2022This week marks two years since the opening of the Paycheck Protection Program (PPP), an entirely new federal program introduced at the start of the COVID-19 pandemic to support small businesses amidst an unprecedented public health and economic crisis. Working in tandem with the Small Business Administration (SBA) America’s leading banks helped ensure the program’s success. In a new statement...
April 5, 2022The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) today released the Q4 2021 Small Business Lending Trends analysis,examining key credit information for America’s small businesses. The report found even as traditional metrics slowly return to a more “normal state,” supply chain disruptions, labor shortages, and historic levels of inflation continue to negatively...
March 30, 2022In a new letter sent yesterday to the House Financial Services Subcommittee on Consumer Protection and Financial Markets, the Consumer Bankers Association (CBA) highlighted the bank-led overdraft innovations designed to meet evolving demand and cautioned against restricting a product millions of consumers knowingly use and value in times of need. The letter was sent ahead of a scheduled hearing...
March 28, 2022On Thursday, the House Subcommittee on Consumer Protection and Financial Institutions will hold a hearing on the overdraft marketplace. The hearing comes amidst the backdrop of the CFPB’s ongoing examination of bank fees , which also include overdraft. Ahead of these events, the Consumer Bankers Association (CBA) today released a new video to correct misinformation surrounding bank fees, to...
March 25, 2022In a new letter sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association (CBA) outlined recommendations necessary to promote a safe and competitive “buy now, pay later” (BNPL) marketplace. The letter was sent in response to the Bureau’s December 2021 Request For Information (RFI) on the business practices of five fintech BNPL providers. In the letter , CBA...
March 22, 2022This Friday, the Consumer Financial Protection Bureau (CFPB) will receive input from stakeholders in response to its December Request For Information (RFI) on the business practices of leading fintech companies offering “buy now, pay later” (BNPL) credit. Here’s what’s happening, why it matters, what they’re saying and how the CFPB can help promote a safe and competitive BNPL marketplace. What’s...
March 17, 2022Last week, more than 1,200 of the industry’s top leaders gathered in San Antonio, Texas, for retail banking’s premier annual event – CBA LIVE 2022. From navigating the new CFPB to tackling the war for talent, this year’s conference featured more than 60 hours of dynamic programming focused on the most pressing issues facing banks today. “After nearly three years, it was great to see so many...
March 9, 2022Retail banking’s top annual event – CBA LIVE – concluded this morning following discussions with the industry’s top leaders and influencers on some of the most pressing issues facing retail banks, including instituting a level regulatory playing field, DE&I, crypto and all things CFPB. CBA LIVE 2022 brought together more than 1,250 attendees for one of the first in-person banking conferences...
