Media Releases
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...
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...
