Media Releases
September 21, 2022Today and tomorrow, the CEOs of seven leading banks will testify before Congress. Ahead of these hearings, the Consumer Bankers Association (CBA) is working to correct misinformation and underscore banks’ longstanding commitment to provide consumers the financial tools they rely on to meet their needs. Here’s where the conversation misses the mark, and the facts policymakers must account for as...
September 20, 2022Ahead of Congressional hearings this week featuring the CEOs of seven leading banks, the Consumer Bankers Association (CBA) is reiterating the benefits afforded to consumers within the highly competitive banking industry today and the significant impact bank-led innovations will continue to have in the lives of hardworking Americans for years to come. The Power of Choice from Consumer Bankers...
September 19, 2022The Consumer Bankers Association (CBA) today launched a new website – www.BanksMakeItPossible.com – highlighting some of the ways America’s leading banks are delivering for the families, small businesses, and communities they serve. The website’s launch comes before the CEOs of seven CBA member banks testify in Congress later this week. Commenting on the launch of the website, CBA President...
September 15, 2022The Consumer Bankers Association (CBA) has elected Ryan Bailey as Chair of its Board of Directors. Bailey serves as Head of Retail Banking at USAA and assumes the role of Chair following the successful tenure of Michelle Lee, Regional Banking Executive, Branch Banking at Wells Fargo. Lee will remain on the Board as Immediate Past Chair, succeeding Christine Channels, Head of Community Banking and...
September 15, 2022The market for personal loans is massive and growing, yet the fintechs and other non-bank lenders who make such loans are not subject to regular oversight by the Consumer Financial Protection Bureau (CFPB), which has “created an unlevel playing field and a large risk to consumers,” write the Consumer Bankers Association (CBA) and the Center for Responsible Lending (CRL). Today, the groups jointly...
September 8, 2022In a wide-ranging conversation featured yesterday in POLITICO’s Morning Money, CBA President & CEO Lindsey Johnson discussed some of the key policy issues facing retail banks and how the industry is responding to a new regulatory regime in Washington, D.C. The exclusive, on-the-record interview was Johnson’s first since assuming the role of President & CEO and comes just two weeks before...
September 7, 2022In a new analysis released yesterday, the global intelligence firm Curinosexamined the impact of bank-led innovations on the rapidly evolving overdraft marketplace. The updated study accounted for the growing number of banks who have implemented and pledged overdraft reforms since the firm first evaluated the state of the overdraft market in the U.S. late last year. Commenting on the key findings...
August 22, 2022WASHINGTON, DC – The Consumer Bankers Association, American Bankers Association, and the Bank Policy Institute jointly responded today to the Consumer Financial Protection Bureau’s (CFPB) request for information about customer service practices at large financial institutions. The letter challenges the legal basis for the CFPB’s inquiry and objects to the Bureau’s assertion that banks are...
August 19, 2022The FDIC’s proposed increase of deposit insurance assessment rates rests on incomplete, outdated economic analysis, the Consumer Bankers Association, Bank Policy Institute , the American Bankers Association, the Independent Community Bankers of America, the National Bankers Association and the Mid-Size Bank Coalition of America wrote in a comment letter submitted today. The increase would harm...
August 12, 2022In a new video and in an op-ed appearing in South Carolina Business Magazine, the Consumer Bankers Association (CBA) celebrated its renowned Executive Banking School (EBS) which concluded last week on the campus of Furman University in Greenville, South Carolina. The program was held in-person this year for the first time since 2019 and featured more than 300 students from 39 banks. The video...
