Media Releases

Press Contact

Lauren Bianchi
lbianchi@consumerbankers.com
202-552-6371
  • February 1, 2023
    Consumer 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, 2023
    In 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, 2023
    In 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, 2023
    Next 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, 2023
    The 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, 2023
    As 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, 2023
    The 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...
  • December 22, 2022
    A growing share of consumers are increasingly utilizing peer-to-peer (P2P) payment networks to send and receive money – with the number of real-time transactions expected to nearly triple by 2026. At the same time, fraudsters are increasingly executing sophisticated scams targeted towards unknowing users of these mobile apps. This holiday season, the Consumer Bankers Association (CBA) is...
  • December 14, 2022
    In a new letter sent to the House Financial Services and Senate Banking Committees ahead of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress, the Consumer Bankers Association (CBA) outlined legislative and regulatory recommendations intended to protect and expand consumers’ access to the financial tools they rely on to meet their needs. Since the Bureau’s inception...
  • December 13, 2022
    A new poll released today by the Consumer Bankers Association (CBA) found that Americans believe Congress and the CFPB need to do more to ensure large fintech and crypto firms are subject to increased oversight by federal regulators. The poll, conducted among US adults earlier this month, also found that when it comes to protecting their money, consumers overwhelmingly trust banks over these...

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