Media Releases
March 22, 2015The Consumer Bankers Association (CBA) will host nearly 1350 retail banking executives, including attendees from more than 65 national and regional banks at the Hilton Orlando Bonnet Creek in Orlando, FL from March 23 – 25, 2015, for CBA LIVE 2015: The Consumer Agenda, the premier annual conference for retail banking industry leaders. “With our biggest audience ever, this year’s CBA LIVE will...
March 22, 2015Three Senior Retail Banking Executives to Help Shape Priorities and Direction of CBA Today, the Consumer Bankers Association’s Board of Directors elected three new members to join the Board: Chad Borton – Fifth Third, Michelle Y. Lee – Wells Fargo, and Jeff Dennes – BBVA Compass. CBA's Board of senior retail banking executives guides the organization in its support of and advocacy for the retail...
March 19, 2015Richard Hunt, President and CEO of the Consumer Bankers Association, released the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) decision to publish unverified complaint narratives from unidentified consumers: “While we support the Bureau’s collection of complaint data to identify trends and understand consumer concerns, we are disappointed by today’s...
March 10, 2015CBA’s President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau (CFPB) released the findings of phase two of its study on the use of mandatory arbitration clauses in connection with consumer financial products and services. “For nearly 90 years, arbitration has allowed consumers quick and easy access to an affordable option for dispute resolution...
March 10, 2015CBA’s President and CEO Richard Hunt issued the following statement in response to the President’s Student Aid Bill of Rights. “CBA's members are proud to partner with students and their families to achieve the dream of a college education. Private student loans play a small, but important role in the overall marketplace and are performing well, with over 97% of private loan borrowers...
March 4, 2015The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index rose to 6.8 in January, climbing from 0.0 in December, 2014 showing rising consumer financial optimism at an all-time high. Americans’ increased optimism about their personal financial future is driven primarily by an increase in the feeling that news they've been hearing lately about personal finances is...
February 18, 2015CBA’s President and CEO Richard Hunt issued the following statement after the New York Fed issued its Quarterly Report on Household Debt and Credit for the fourth quarter of 2014. “We agree with the New York Fed – a college degree is a worthy investment. CBA's members are proud to partner with students and their families to achieve this dream. Private student loans play a small but important role...
February 9, 2015Late last Friday, The Clearing House (TCH) and the Consumer Bankers Association filed a comment letter in support of NACHA’s proposal to enhance the ACH network by establishing ubiquitous, same day ACH processing and settlement capability. In the letter, the associations expressed their appreciation for NACHA’s thoughtful efforts to craft a proposal that is workable for all financial institutions...
January 29, 2015CBA’s President and CEO Richard Hunt issued the following statement after the CFPB requested information of private student lenders on programs for modifying existing loans: “The private student loan market continues to enjoy an over 97 percent repayment rate with the vast majority of borrowers paying back their loans in accordance with their agreements. For the most distressed borrowers, CBA’s...
January 28, 2015The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index rose 2.2 points month over month to end 2014 at 0.0. Together with the CBA, AOL has been conducting research to better understand consumer attitudes about their finances. Throughout the year the Index has fluctuated across positive and negative territory, mainly staying in the red before trending upward since...
