Media Releases
September 17, 2014Union Bank’s Tim Wennes Becomes Chair, Citi’s Will Howle Named Chair-Elect Washington, D.C. (September 17, 2014) – The Consumer Bankers Association (CBA) is pleased to announce Tim Wennes, West Coast President and Head of Retail Banking and Wealth Markets for MUFG Union Bank, as Chairman of the Board of Directors, leading CBA’s newly elected leadership for 2015. Wennes previously had been serving...
September 9, 2014Washington, D.C. (September 9, 2014) – In today’s global economy consumers can purchase products anywhere, at any time, online, or in person. Unfortunately, this means criminals have evolved as well. Consumers should be aware of cyber threats and remain vigilant in guarding their personal data. Data breaches may result in the compromising of credit or debit card information, in addition to...
September 8, 2014Website Tells the Story of the Private Student Loan Market Washington, D.C. (September 8, 2014) – The Consumer Bankers Association (CBA) today launched PrivateStudentLoanFacts.com, to help tell the story of the success of the private student loan market. The microsite provides useful statistics and data on private student loan performance, as well as a myth vs. fact section. Finally, there are...
August 28, 2014Washington, D.C. (August 28, 2014) – The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index dropped back into negative territory to -3.0 for July 2014. The drop in July of 6.8 points follows the first positive results for the index since January 2014. Contributing factors to this decline include turmoil across the globe, increased concerned about personal...
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...
