Media Releases
October 23, 2023In a new letter sent to the Federal Reserve Board of Governors, the Consumer Bankers Association, American Bankers Association, American Association of Credit Union Leagues, Credit Union National Association, Electronic Payments Coalition, Independent Community Bankers of America, Mid-Size Banks Coalition of America, National Association of Federally-Insured Credit Unions and National Bankers...
October 19, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking on the implementation of Section 1033 of the Dodd-Frank Act regarding consumer data rights. “CBA member banks continue to support a well-regulated marketplace that fosters competition, spurs...
October 11, 2023WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the White House Rose Garden event with officials from the Consumer Financial Protection Bureau (CFPB) and other agencies focused on efforts to curb fees across various industries. “Banks exist to provide consumers and small businesses access to the financial tools...
October 3, 2023WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson delivered keynote remarks at a policy luncheon hosted by Women in Housing and Finance (WHF) last week in Washington, D.C. During the event, Johnson, who previously served as WHF President from 2018-2019, addressed many of the pressing policy issues facing the industry today. Below are key excerpts as delivered...
October 2, 2023The Consumer Bankers Association (CBA) today announced that Kelvin Chen has joined the organization as Senior Executive Vice President, Head of Policy, a new position created to help CBA further drive its policy objectives on behalf of the organization’s members. In this new role, Kelvin will bridge and lead CBA’s regulatory, legislative, and communications teams, as well as a new policy research...
September 27, 2023WASHINGTON, D.C. – In a new letter sent today, seven leading financial groups representing virtually all banks voiced their opposition to a proposal from Senator Jack Reed (D-R.I.) that would reduce access to credit within the well-regulated banking system through the imposition of a national fee and interest rate cap of 36 percent. As outlined in the letter, Sen. Reed’s proposal would actually...
September 21, 2023Policymakers in Congress continue to advocate for legislative proposals seeking to create an all-in annual percentage rate (APR) cap for credit cards, including Senator Josh Hawley (R-Mo.) who recently introduced legislation that would do just that by imposing government price controls on the world’s most competitive and reliable credit card marketplace. While imposing caps on credit card...
September 21, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued an outline of proposals under the Small Business Regulatory Enforcement Fairness Act (SBREFA) for the Fair Credit Reporting Act (FCRA): “The nation’s leading retail banks remain fully committed to protecting the personal financial...
September 20, 2023In a new letter sent today, eight leading financial groups representing virtually all banks and credit unions voiced their opposition to the Capping Credit Card Interest Rates Act, a misguided proposal from Senator Josh Hawley (R-Mo.) that would impose government price controls on credit cards and effectively harm the very people the legislation seeks to protect. As outlined in the letter, Sen...
September 15, 2023Today, 11 trade associations representing virtually all banks and credit unions, including those primarily serving military-affiliated customers and members, released the following joint statement opposing the effort by Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) to attach their proposed credit card routing legislation (S. 1838) to the Military Construction, Veterans Affairs, and...
