Media Releases
October 25, 2022Consumer Bankers Association (CBA) President & CEO Lindsey Johnson today shared the following statement after the Federal Deposit Insurance Corp. (FDIC) released a new report that found the number of Americans without a bank account in 2021 fell to 4.5%, the lowest national unbanked rate since the FDIC survey began in 2009. "Today's report is welcomed news and a testament to the unwavering...
October 18, 2022Washington, D.C. – The Consumer Bankers Association, American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and Mid-Size Bank Coalition of America today issued the following statement on the FDIC’s decision to increase assessment rates: “We are disappointed that the FDIC has chosen to increase assessment rates based on assumptions that are demonstrably...
October 13, 2022Over the past several months, the Consumer Bankers Association (CBA) has urged Congress to reject consideration of the “Credit Card Competition Act,” harmful legislation that would alter the current credit routing system and deprive consumers of the safety, reliability, and rewards they’ve come to expect while using their credit card. While some policymakers in Washington remain intent on...
October 5, 2022Driven by a desire to send and receive payments seamlessly and instantaneously, millions of consumers and small businesses are increasingly utilizing peer-to-peer (P2P) networks to meet their financial needs. America’s leading banks remain fully committed to protecting consumers’ access to safe and reliable P2P networks, while also taking tangible steps prevent fraud before it occurs across every...
October 3, 2022The Consumer Bankers Association, American Bankers Association, Bank Policy Institute, Credit Union National Association, Electronic Payments Coalition, Independent Community Bankers of America, and National Association of Federally-Insured Credit Unions sent a letter today to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy warning the interchange bill introduced by Reps. Lance...
October 3, 2022The Consumer Bankers Association (CBA), American Bankers Association, Bank Policy Institute, and The Clearing House today issued the following statement in response to a new report released by Senator Elizabeth Warren (D-Mass.) concerning Zelle: “Today’s report from Sen. Warren fails to acknowledge that 99.9% of the 5 billion transactions processed on the Zelle network in the past 5 years were...
September 28, 2022The Consumer Bankers Association (CBA), American Bankers Association (ABA), U.S. Chamber of Commerce, Independent Bankers Association of Texas (IBAT), Texas Bankers Association, Longview Chamber of Commerce, and the Texas Association of Business today jointly filed a lawsuit against the CFPB, challenging the legality of recent changes made by the agency to the Unfair, Deceptive, or Abusive Acts...
September 27, 2022Following remarks from the White House Competition Council regarding cost-savings for American families, the Consumer Bankers Association (CBA) is correcting misinformation and reiterating the consumer benefits of a highly competitive banking industry. As CBA President & CEO Lindsey Johnson said of the remarks: “We're glad the Administration recognizes all that America’s leading banks are...
September 23, 2022In a new op-ed published this morning in RealClearPolicy, CBA President and CEO Lindsey Johnson outlines the many ways in which America’s leading banks have helped lead the country through recent economic uncertainty and the steps they are taking to continue supporting hardworking families, small businesses, and communities. The op-ed follows the conclusion of hearings in Congress this week...
September 22, 2022The CEOs of seven leading banks appeared before Congress this week to reiterate their commitment to support hardworking families, small businesses, and communities while also driving our economy forward through uncertainty ahead. Following hearings in the House and Senate, Consumer Bankers Association (CBA) President and CEO Lindsey Johnson released the following statement: “America’s leading...
