Statement of Richard Hunt, President and CEO of the Consumer Bankers Association in Response to the CFPB Auto Lending Bulletin Issued Today

March 21, 2013
Jean Marie Bunton

Washington, D.C. (March 21, 2013) – “CBA and our members have a deep and abiding commitment to fulfilling the financial needs of consumers and have zero tolerance for discrimination. This is a bedrock principle throughout the banking industry across all products.  We look forward to working with the CFPB and all our regulators to ensure every consumer is protected.  Unfortunately, Congress dealt the American consumer a real clunker by not guaranteeing all consumers are protected equally at all points of purchase.”

About CBA
The Consumer Bankers Association (CBA) is the trade association for today's leaders in retail banking - banking services geared toward consumers and small businesses. The nation's largest financial institutions, as well as many regional banks, are CBA corporate members, collectively holding two-thirds of the industry's total assets. CBA’s mission is to preserve and promote the retail banking industry as it strives to fulfill the financial needs of the American consumer and small business.

For more information, please contact Jeannie Bunton, jbunton@cbanet.org, 202.552.6370, or visit www.cbanet.org.