Media Releases
February 27, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement in response to the U.S. Supreme Court’s decision to take up Consumer Financial Protection Bureau v. Community Financial Services Association of America, which will examine whether the funding structure of the CFPB is constitutional: “For nearly 12 years, CBA has worked together with the...
February 24, 2023In a new American Banker op-ed , Consumer Bankers Association (CBA) President & CEO Lindsey Johnson outlined why recent changes made by the CFPB to the Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) Exam Manual will hinder banks’ ability to promote economic advancement among underserved communities. In addition to conveying the significant legal and procedural questions posed by the...
February 7, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson tonight released the following statement on President Joe Biden’s State of the Union address: “As the nation continues to grapple with ongoing economic headwinds, consumers are spending more and making less. According to a recent survey, nearly 70% of workers are unable to cover an emergency $400 expense with savings alone...
February 1, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Consumer Financial Protection Bureau (CFPB) announced a Notice of Proposed Rulemaking (NPRM) that would limit the safe harbor amount credit card issuers can charge consumers for overdue payments: “This announcement is just the latest example of the Bureau seeking to advance a...
January 30, 2023In a new op-ed appearing in The Hill, CBA’s Executive Vice President & Head of Regulatory Affairs, Dan Smith, outlines how the CFPB’s proposal to implement of Section 1033 of the Dodd-Frank Act would dramatically hinder competition and put the safety and security of consumers’ sensitive financial data at risk. The piece reiterates concerns CBA conveyed in a comment letter sent to the Bureau...
January 25, 2023In a new letter sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association (CBA) outlined specific recommendations to deliver a well-founded, durable Section 1033 rule that promotes competition and bolsters the safety and security of consumers’ personal financial data. The letter was sent after the Bureau released an outline of proposals to implement Section...
January 18, 2023Next week, the Consumer Financial Protection Bureau (CFPB) will receive input from stakeholders on the Bureau’s outline of proposals to implement Section 1033 of the Dodd-Frank Act. Once finalized, the regulation will have wide-ranging implications for the safety and security of consumers’ personal financial data. Here’s what’s happening, why it matters, and what policymakers must consider to get...
January 12, 2023The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) today released the Q3 2022 Small Business Lending Trends analysis , examining key credit information for America’s small businesses. While the report found that metrics for the period are returning closer to pre-pandemic levels, external factors including consistent rate increases continue to impact lending...
January 10, 2023As banks continue leading efforts to fight fraud across the industry, Consumer Bankers Association (CBA) President and CEO Lindsey Johnson in a new letter urged Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra to work in tandem with the banks to protect consumers from increasingly prevalent and sophisticated financial scams across peer-to-peer (P2P) payment platforms. As part of...
January 9, 2023The Consumer Bankers Association (CBA) reiterated opposition in a new letter to a proposal from the U.S. Small Business Administration (SBA) that would lift the moratorium on the number of non-federally regulated depository institutions that can make loans under the agency’s signature 7(a) lending program. The letter was sent in response to SBA’s request for comments to the agency’s proposed rule...
