Media Releases
July 16, 2015Washington, D.C. (July 16, 2015) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) announcement of Deputy Director Steven Antonakes’ decision to return to Massachusetts: “Steven Antonakes’ insight as a career examiner brought valued credibility to two important roles at the...
June 25, 2015Washington, D.C. - Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) publishing of unverified complaint narratives: “We are pleased the CFPB agrees with us on the need to normalize the complaint data and is seeking comment on the best approaches. This is a step in the right...
June 18, 2015Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to today’s Federal Communications Commission’s (FCC) vote related to clarifications of the Telephone Consumer Protection Act (TCPA): “CBA member banks are committed to the spirit of the TCPA and go to great lengths to comply, but they are still facing stifling...
June 18, 2015Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) Student Loan Ombudsman report: “Strong underwriting standards and ensuring loans are supported by an ability to repay at origination and during repayment—often through the strength of cosigners—are the...
June 17, 2015Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to today’s news from CFPB Director, Richard Cordray, that the Bureau will delay the effective date of the CFPB’s TILA-RESPA Integrated Disclosure (TRID) regulation: “The Director’s decision to delay the effective date of TRID will help the industry as it...
June 15, 2015By Richard Hunt, Frank Keating, Jim Nussle, Tim Pawlenty, Camden R. Fine, B. Dan Berger and Jim Aramanda When consumer expectations don’t match reality, things can go terribly wrong. Americans expect companies with which they do business to protect their sensitive personal and financial data. Yet, the reality is American consumers are under constant threat of identity theft and fraud due to lax...
June 10, 2015Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement after MeasureOne released “The Private Student Loan Report – Q1 2015.” The report is an update to previously released comprehensive studies of the private student loan market and reveals continued positive performance trends. “Today’s MeasureOne report once again shows...
June 3, 2015Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to today’s news from CFPB Director, Richard Cordray, that the Bureau’s enforcement will be sensitive to those mortgage lenders seeking to comply in good faith with the CFPB’s TILA-RESPA Integrated Disclosure (TRID) regulation: “As the industry approaches the...
May 22, 2015Washington, D.C. (May 22, 2015) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to today’s Congressional letters to the Director of the CFPB, Richard Cordray, requesting a grace period for those seeking to comply in good faith with the CFPB’s TILA-RESPA Integrated Disclosure (TRID) regulation: “We are pleased Congress...
May 15, 2015Washington, D.C. (May 15, 2015) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to the Department of Education’s new proposed regulations on college campus financial products. “Though today’s proposal seems to have improved from its original form, what is being veiled as pro-consumer reform is far from it and based on little...
