Media Releases
September 7, 2022In a new analysis released yesterday, the global intelligence firm Curinosexamined the impact of bank-led innovations on the rapidly evolving overdraft marketplace. The updated study accounted for the growing number of banks who have implemented and pledged overdraft reforms since the firm first evaluated the state of the overdraft market in the U.S. late last year. Commenting on the key findings...
August 22, 2022WASHINGTON, DC – The Consumer Bankers Association, American Bankers Association, and the Bank Policy Institute jointly responded today to the Consumer Financial Protection Bureau’s (CFPB) request for information about customer service practices at large financial institutions. The letter challenges the legal basis for the CFPB’s inquiry and objects to the Bureau’s assertion that banks are...
August 19, 2022The FDIC’s proposed increase of deposit insurance assessment rates rests on incomplete, outdated economic analysis, the Consumer Bankers Association, Bank Policy Institute , the American Bankers Association, the Independent Community Bankers of America, the National Bankers Association and the Mid-Size Bank Coalition of America wrote in a comment letter submitted today. The increase would harm...
August 12, 2022In a new video and in an op-ed appearing in South Carolina Business Magazine, the Consumer Bankers Association (CBA) celebrated its renowned Executive Banking School (EBS) which concluded last week on the campus of Furman University in Greenville, South Carolina. The program was held in-person this year for the first time since 2019 and featured more than 300 students from 39 banks. The video...
August 5, 2022The Consumer Bankers Association, in a comprehensive comment letter submitted today to the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) outlined recommendations to strengthen the Community Reinvestment Act (CRA). The letter follows a Notice of Proposed Rulemaking (NPR) issued in May by the agencies seeking to modernize...
August 4, 2022The Consumer Bankers Association this Friday will submit recommendations for modernizing the Community Reinvestment Act (CRA), a law enacted in 1977 to ensure banks continued serving the financial needs of their communities. The submission follows a Notice of Proposed Rulemaking (NPR) issued in May by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the...
August 2, 2022Eight national trade groups—including the Consumer Bankers Association, American Bankers Association, Credit Union National Association, Housing Policy Council, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions, National Bankers Association, and The Clearing House Association—today petitioned the Consumer Financial Protection Bureau to initiate a...
August 2, 2022GREENVILLE, S.C. – Consumer Bankers Association President & CEO Lindsey Johnson today issued the following statement recognizing 77 bankers who graduated today from CBA’s Executive Banking School, the premier advanced educational program for future leaders in retail banking: “Congratulations to the CBA Executive Banking School Class of 2022, honors graduates, and Tem Wooldridge Award...
July 28, 2022WASHINGTON, DC – Consumer Bankers Association President and CEO Lindsey Johnson issued the following statement after the House Financial Services Committee passed the Overdraft Protection Act, H.R. 4277, legislation that would dramatically restrict access to overdraft: “Today’s passage of the Overdraft ‘Protection’ Act in the House Financial Services Committee will harm vulnerable consumers in...
July 28, 2022Today, nine trade associations representing the financial services industry including the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, Electronic Payments Coalition, Independent Community Bankers of America, Mid-Sized Bank Coalition of America, National Association of Federally-Insured Credit Unions, and National Bankers...
