Media Releases

Press Contact

Billy Rielly
brielly@consumerbankers.com
  • February 18, 2015
    CBA’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, 2015
    Late 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, 2015
    CBA’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, 2015
    The 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...
  • January 20, 2015
    CBA’s President and CEO Richard Hunt issued the following statement after the U.S. Supreme Court decided not to disturb the court of appeals decision in NACS v. Board of Governors of the Federal Reserve System. The court of appeals previously rejected the retailers’ efforts to increase further the $6 billion annual windfall they secured with the promulgation of the Fed’s interchange price cap...
  • January 14, 2015
    CBA’s President and CEO Richard Hunt issued the following statement after the CFPB released a request for input on a “Safe Student Account Scorecard.” “CBA’s members pride themselves on the transparent relationships they maintain with a number of higher learning institutions and their students. Many of the concerns outlined in the CFPB’s request for information are based on an antiquated study...
  • January 6, 2015
    CBA Builds Out Congressional Affairs Team Bipartisan Hires Prepare CBA for Action during 114th Congress Washington, D.C. (January 6, 2015) – The Consumer Bankers Association (CBA) has hired three new team members to prepare for the 114th Congress. The bipartisan hires all come with significant Capitol Hill experience and will be led by CBA’s Senior Vice President of Congressional Affairs, Reagan...
  • January 5, 2015
    Washington, D.C. (January 5, 2015) – The Consumer Bankers Association (CBA) and AOL Inc. (AOL) monthly Finance Optimism Index rose to -2.2 in November, gaining from October and showing rising consumer financial optimism as the holiday season began. Americans’ optimism about their personal financial future remained relatively stable with a one point increase. Worry about current financial...
  • December 17, 2014
    Washington, D.C. (December 17, 2014) – Richard Hunt, president and CEO of the Consumer Bankers Association, issued the following statement after MeasureOne released “The Private Student Loan Report – Q3 2014.” The report is an update to previously released comprehensive studies of the private student loan market, and reveals continued positive performance trends. “This latest report by MeasureOne...
  • December 15, 2014
    Washington, D.C. (December 15, 2014) – CBA’s President and CEO Richard Hunt issued the following statement in response to today’s release of the CFPB report on College Credit Card Agreements: “We agree students need clear information to make intelligent choices that will benefit their experience with financial services and products. Banks and schools often work together to provide students with...

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