Media Releases

Press Contact

Billy Rielly
brielly@consumerbankers.com
  • February 1, 2024
    WASHINGTON, D.C. – The Consumer Bankers Association (CBA) this week submitted a letter ahead of the U.S. Senate Committee on Banking, Housing, and Urban Affairs’ hearing examining rising instances of fraud and scams, in which CBA highlights the most significant fraud threats facing consumers today and the leading role the banking industry has taken to identify and counter these threats to...
  • February 1, 2024
    WASHINGTON, D.C. – Last week, the Consumer Financial Protection Bureau (CFPB) released a proposal that would prohibit certain types of non-sufficient funds (NSF) fees, citing them as “junk fees” in its press release. In particular, the proposed rule would only prohibit NSF fees on transactions that are declined in real time at the “swipe, tap, or click” – explicitly not covering check and ACH...
  • January 25, 2024
    WASHINGTON, D.C. – A new White Paper published this week from Nick Bourke, former Director of Consumer Finance at The Pew Charitable Trusts, estimates the Federal Reserve Board’s proposal to further cap debit interchange fees could increase consumer costs by up to $2 billion if finalized. The White Paper, entitled “ How Proposed Interchange Fee Caps Will Affect Consumer Costs ,” draws from prior...
  • January 25, 2024
    The Consumer Financial Protection Bureau’s recent overdraft proposal is the focus of a column appearing in The Washington Post this week in which the author, Megan McArdle, highlights how this flawed policy “might end up hurting some of the very people it’s supposed to help: low-income Americans on the fringes of the banking system.” To read the full piece, click HERE or continue reading below...
  • January 24, 2024
    WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) notice of proposed rulemaking to prohibit non-sufficient funds (NSF) fees that misleads the public into thinking NSF fees are new, when in fact the vast majority of America’s leading retail banks have already...
  • January 17, 2024
    Consumer 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 that is the latest government price setting mandate from an administration desperate for a political win at the cost of underbanked consumers. “From the development of next-day grace periods to the...
  • January 16, 2024
    The Consumer Bankers Association (CBA) today released an in-depth White Paper, “ The Impact of the Basel III Endgame Proposal on Consumers on the Margins of the U.S. Financial System ,” as part of its response to the recent capital requirements proposal from the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. Given the Proposal’s sweeping...
  • January 8, 2024
    The Consumer Bankers Association (CBA) today announced the launch of OverdraftFacts.com , a microsite highlighting the value of overdraft services and conveying how misguided regulatory action could ultimately limit access to a financial tool utilized by millions of Americans in times of need. The microsite will serve as a resource for policymakers to get the facts on the impact of bank-led...
  • January 2, 2024
    WASHINGTON, D.C. – The Consumer Bankers Association (CBA) last week submitted a comprehensive comment letter responding to a proposed rule seeking to implement Section 1033 of the Dodd-Frank Act that was released by the Consumer Financial Protection Bureau (CFPB) in October 2023. In the letter, CBA urged the Bureau to consider several revisions to better protect consumers and their personal...
  • December 20, 2023
    WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement in response to House Financial Services Committee Financial Institutions and Monetary Policy Subcommittee Chair Andy Barr’s (R-Ky.) letter to the Government Accountability Office (GAO) requesting a study on the impact of the Consumer Financial Protection Bureau’s (CFPB)...

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