Media Releases
August 20, 2014Washington, D.C. (August 20, 2014) – CBA’s President and CEO Richard Hunt wrote to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray seeking answers behind vague allegations made by the CFPB’s Private Education Loan Ombudsman. This follows a letter by the Ombudsman to financial institutions that have contractual relationships with colleges and universities – relationships...
July 31, 2014Washington, D.C. (July 31, 2014) – CBA’s President and CEO Richard Hunt issued the following statement after the CFPB released their report entitled: “Data Point: Checking Account Overdraft.” “We believe overdraft protection is a vital banking service voluntarily chosen by consumers to ensure their financial needs are met. Banks offer this optional service to help consumers properly manage their...
July 31, 2014CBA’s Hunt Cites Strong Performance of Private Student Loans despite Small Share of Market Washington, D.C. (July 31, 2014) – Today, CBA’s President and CEO Richard Hunt testified at a hearing held by the U.S. Senate Committee on Banking, Housing and Urban Affairs entitled “Financial Products for Students: Issues and Challenges.” Hunt spoke to the state of the private student loan market and the...
July 29, 2014Washington, D.C. (July 29, 2014) – Richard Hunt, president and CEO of the Consumer Bankers Association, issued the following statement after MeasureOne released “ The Private Student Loan Report – July 2014 .” http://www.cbanet.org/documents/2014-07-29%20MeasureOne%20Private%20Student%20Loan%20Performance%20Report.pdf The report is an update to a previously released comprehensive study of the...
July 29, 2014Bank of the West’s Vaidya Wins Tem Wooldridge Award for Outstanding Academic Performance, Integrity and Work Ethic Washington, D.C. (July 29, 2014) – The CBA/BAI Graduate School of Retail Bank Management (GSRBM) congratulates the 78 members of the Class of 2014, and is proud to announce this year’s honors students as well as the Tem Wooldridge Award to the top student. GSRBM, now marking its 62nd...
July 24, 2014Washington, D.C. (July 24, 2014) – CBA’s General Counsel, Steve Zeisel, released the following statement after the Consumer Financial Protection Bureau issued a proposal to expand Home Mortgage Disclosure Act (HMDA) data collection fields: “The CFPB’s proposal will substantially increase the amount of publicly available information financial institutions must report on home mortgages. CBA will...
July 24, 2014Washington, D.C. (July 24, 2014) – The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index has found American’s optimism turned positive for the first time in 6 months. The optimism level for June 2014 was a positive 3.8, with 51.9 percent of Americans feeling optimistic. Survey respondents reported the news they have been hearing about American’s finances has...
July 16, 2014Washington, D.C. (July 16, 2014) – Richard Hunt, President and CEO of the Consumer Bankers Association, released the following statement in response to the Consumer Financial Protection Bureau’s call to publish http://www.consumerfinance.gov/newsroom/cfpb-proposal-would-give-consumers-the-opportunity-to-publicly-voice-complaints-about-financial-companies/ unverified complaint narratives from...
July 1, 2014Washington, D.C. (July 1, 2014) – Richard Hunt, President and CEO of the Consumer Bankers Association, released the below statement today following the issuance of guidance by federal and state regulators on repayment of home equity lines of credit (HELOC’s): “CBA’s member institutions have been notifying and diligently working with their customers well in advance of the end of their loan’s draw...
July 1, 2014GSRBM Freshman Class Includes 110 Bankers from 32 Institutions Provides Bankers the Knowledge to Succeed in today’s Retail Banking Environment Washington, D.C. (July 1, 2014) – Today, the CBA/BAI Graduate School of Retail Bank Management (GSRBM) announced 110 students from 32 leading financial services companies have been accepted as members of this year’s freshman class. GSRBM takes place July...
