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Statement of Richard Hunt, President and CEO, Consumer Bankers Association in Response to Senate Confirmation of Richard Cordray as Director, Consumer Financial Protection Bureau (CFPB)
Washington, D.C. (July 16, 2013) – CBA congratulates Richard Cordray and his family on being confirmed Director of the CFPB. For the past two years, CBA has worked closely with the Director and the Bureau to create a level playing field in the financial services sector. We will continue to work with Director Cordray to ensure consumers have access to financial products they determine meet their family’s needs.
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.