Media Releases

Press Contact

Billy Rielly
brielly@consumerbankers.com
  • March 20, 2024
    Acting Comptroller of the Currency Hsu, CFPB Director Chopra Set to Speak WASHINGTON, D.C. – The Consumer Bankers Association (CBA) is thrilled to host retail banking’s premier annual event , CBA LIVE 2024, March 25-27, in Washington, D.C. Entering its 15th year, this year’s conference will include programming and speakers focused on how America’s leading banks can continue to be there For The...
  • March 19, 2024
    Merchants pay a small transaction cost to a cardholder’s bank or credit union any time a consumer makes a purchase using their debit card. This charge, known as interchange, reimburses the costs to the financial institution for its investment in helping create the debit payment system, which includes: offering debit cards, managing the technology, providing customer support and implementing fraud...
  • March 14, 2024
    WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today released a new two-page fact sheet detailing how the original Durbin Amendment harmed consumers and why the new proposed rule from the Federal Reserve would further negatively impact millions of consumers. This new CBA resource comes after U.S. Rep. Blaine Luetkemeyer (R-Mo.) and numerous cosponsors recently introduced the Secure...
  • March 11, 2024
    WASHINGTON, D.C. – Last night, The Wall Street Journal’s Editorial Board published a piece on how “political price controls will merely shift costs somewhere else and reduce access to credit.” The editorial reflects many of the concerns the Consumer Bankers Association (CBA) has raised with regard to how regulatory proposals seeking to limit credit card late fees, overdraft fees, and interchange...
  • March 8, 2024
    The Consumer Bankers Association (CBA) today announced that it is jointly pursuing legal action with five other leading business groups against the Consumer Financial Protection Bureau (CFPB) in issuing its final rule to unilaterally and arbitrarily limit the safe harbor amount for overdue credit card payments. The complaint will be followed by a motion for preliminary injunction requesting...
  • March 7, 2024
    WASHINGTON, D.C. – Testifying before the U.S. House Financial Services Committee today at a hearing entitled “Politicized Financial Regulation and its Impact on Consumer Credit and Community Development,” Consumer Bankers Association (CBA) President and CEO Lindsey Johnson conveyed the need for financial regulators to focus on sound policy, not partisan politics, when developing rules that impact...
  • March 6, 2024
    WASHINGTON, D.C. – Ahead of President Biden’s State of the Union address and her testimony before the U.S. House Financial Services Committee tomorrow, Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today penned an op-ed on the need for financial regulatory policy to be guided by sound policy, not partisan politics. To read the full piece, click HERE or continue reading...
  • March 6, 2024
    March is Women’s History Month, and the Consumer Bankers Association (CBA) is proud to share the incredible leaders of our industry, and the many ways America’s leading retail banks develop the next generation of women leaders as well as support female entrepreneurs in their business ventures. This first installment features BMO Bank, Citizens, Synovus Bank, and Old National Bank – which share...
  • March 5, 2024
    Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement regarding the final rule issued by the Consumer Financial Protection Bureau (CFPB) limiting the safe harbor amount credit card issuers can charge consumers for late payments. The safe harbor thresholds were previously set by the Federal Reserve Board in its sweeping reforms of the credit...
  • March 4, 2024
    WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today announced President and CEO Lindsey Johnson will testify before the U.S. House Financial Services Committee’s Financial Institutions and Monetary Policy Subcommittee on Thursday, March 7. Additional details are below. WHO: CBA President and CEO Lindsey Johnson WHAT: U.S. House Financial Service Committee’s Financial Institutions and...

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