Media Releases

Press Contact

Lauren Bianchi
lbianchi@consumerbankers.com
202-552-6371
  • August 16, 2021
    WASHINGTON – Hundreds of the nation’s top bankers, policymakers, and industry thought leaders joined CBA LIVE 2021 virtually for Day One of retail banking’s top annual event. Today’s programming featured a conversation with Acting Comptroller of the Currency, 7 Deep Dive sessions and 25 forums covering a wide array of topics and issues facing banks today, including: “Under New Management: CFPB...
  • August 2, 2021
    WASHINGTON – In a new letter sent to the U.S. Senate Committee on the Judiciary, Consumer Bankers Association President and CEO Richard Hunt expressed caution around efforts to change bankruptcy treatment for student loans, which would increase the cost of credit for future borrowers and fail to address the root cause of the student lending crisis in America today – unrestrained federal lending...
  • August 2, 2021
    WASHINGTON – The Bank for International Settlements today released a new report warning of the significant risk to the global financial system posed by the lack of sufficient regulation and supervision among leading technology firms, which increasingly are offering financial products and services to consumers. In response to the report, Consumer Bankers Association President and CEO Richard Hunt...
  • July 29, 2021
    WASHINGTON – Testifying before the U.S. Senate Banking Committee today, Consumer Bankers Association General Counsel and Senior Vice President, David Pommerehn, said imposing a new cap on interest rates would threaten consumers’ access to affordable credit, harming low- and moderate-income communities most. Pommerehn prepared the following remarks for delivery ahead of Thursday’s hearing :...
  • July 29, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement in opposition to legislation re-introduced by U.S. Senators Jack Reed (D-RI), Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Chris Van Hollen (D-MD) which would limit consumers’ access to credit by imposing an arbitrary 36% rate cap on consumer loans: “As the nation grapples with the...
  • July 28, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today released the following statement in response to the Small Business Administration’s (SBA) reported plans to conclude the nearly $1 trillion Paycheck Protection Program by encouraging borrowers with loans of $150,000 or less to apply for loan forgiveness through a new online platform: “Today’s announcement signals the end of an important...
  • July 28, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today issued the following statement after Congressman Blaine Luetkemeyer (R-MO), Ranking Member of the House Financial Services Subcommittee on Consumer Protection and Financial Institutions, introduced a bill to replace the position of the Director at the Consumer Financial Protection Bureau (CFPB) with a five-member bipartisan commission: “Thank...
  • July 28, 2021
    WASHINGTON – Consumer Bankers Association General Counsel and Senior Vice President, David Pommerehn, will testify before the Senate Banking Committee on Thursday on the shared goal of protecting and expanding consumers’ access to affordable credit, and how proposals to arbitrarily impose interest rate caps would stifle those efforts, ultimately harming individuals and families. Ahead of Thursday...
  • July 27, 2021
    WASHINGTON – In a new letter sent to the U.S. Senate Banking Subcommittee on Economic Policy ahead of their Tuesday hearing entitled “Protecting Student Loan Borrowers and the Economy in Upcoming Transitions,” Consumer Bankers Association President and CEO Richard Hunt outlined the need to reimpose limits on unrestrained federal student lending to immediately address the rising student debt...
  • July 27, 2021
    WASHINGTON – CBA President and CEO Richard Hunt today issued the following statement congratulating 55 bankers who graduated today from CBA’s Executive Banking School, celebrating its 70 th anniversary as retail banking’s premier program designed to train future leaders in the industry. Despite being held virtually this year, EBS 2021 was sold out with nearly 300 bankers participating from more...

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