Media Releases
October 5, 2021WASHINGTON – The Consumer Bankers Association (CBA) has elected Michelle Lee as Chair of its Board of Directors. Lee serves as Regional Banking Executive, Branch Banking at Wells Fargo and assumes the role of Chair following the successful tenure of Christine Channels , Head of Community Banking and Client Protection at Bank of America. Channels will remain on the Board as Immediate Past Chair,...
October 4, 2021In a new letter sent to the recently-Senate confirmed Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, Consumer Bankers Association (CBA) President and CEO Richard Hunt urges the Bureau to ensure the highest level of consumer protections are upheld, regardless of where consumers go to meet their financial needs. In the letter , CBA encourages Director Chopra to utilize...
September 30, 2021Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the U.S. Senate confirmed Rohit Chopra to serve as the next Director of the Consumer Financial Protection Bureau (CFPB): “Congratulations to Commissioner Chopra on his confirmation to lead the CFPB. CBA looks forward to working with Mr. Chopra to ensure the most thorough consumer protection...
September 28, 2021CHARLOTTE – In a live interview from Charlotte this morning , CBA President and CEO Richard Hunt spoke with Maria Bartiromo on Fox Business about an expansive new reporting regime that would impact virtually every American and small business with a bank account. Recognizing this proposal would threaten the deep level of trust consumers have come to expect from their banks, Hunt said: “When a...
September 17, 2021More than 40 associations representing a broad cross-section of financial and business interests led by the Consumer Bankers Association (CBA) and American Bankers Association (ABA) today sent a letter to Speaker of the House Nancy Pelosi (D-CA), Minority Leader Kevin McCarthy (R-CA) and Members of the U.S. House of Representatives urging them not to move forward with a proposal under...
September 14, 2021In a new letter sent today to the Administrator of the U.S. Small Business Administration (SBA) Isabella Guzman, the Consumer Bankers Association (CBA) touted the work of the nation’s leading banks in helping America’s small businesses through the Paycheck Protection Program (PPP) forgiveness process and released the results of an internal survey showing “CBA members have reached roughly 97...
September 14, 2021In an interview yesterday with Yahoo Finance and a new op-ed published today in Morning Consult to commemorate National Small Business Week, CBA President and CEO Richard Hunt recognized the indelible role America’s leading banks played in supporting the nation’s 30 million small businesses during this economic crisis. Through the successful implementation of the Paycheck Protection Program, this...
September 8, 2021Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q2 2021 Quarterly Banking Profile: “The FDIC’s second quarter profile illustrates the strength and resiliency of our well-capitalized, well-regulated banking system as well as the growing confidence of the American consumer. Improving...
September 1, 2021WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) for Section 1071 of the Dodd-Frank Act to expand data collection requirements for financial institutions in the small business lending market: “For more than a century, CBA member banks...
August 31, 2021WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today announced Wells Fargo as the 2021 Joe Belew Award winner, recognizing the bank for its efforts to support communities hardest hit by the pandemic with its Drive-Up Food Bank Program . Wells Fargo was one of 14 banks to submit applications showcasing the impact of their COVID-19 relief initiatives. Entering its 11th year, the award...
