Media Releases
December 7, 2021In a new letter sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association and the American Bankers Association (ABA) reiterated their shared commitment to advancing the Bureau’s mission of protecting all consumers in the rapidly evolving financial marketplace, regardless of where consumers go to meet their financial needs. The letter was sent in response to...
December 1, 2021Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Consumer Financial Protection Bureau (CFPB) released new research examining overdraft and non-sufficient funds (NSF) fees among leading financial institutions: “The CFPB’s research fails to reflect the introduction of innovative products and services unveiled by America’s leading banks to...
November 30, 2021Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement in opposition to legislation re-introduced by members of the House of Representatives which would limit consumers’ access to credit by imposing an arbitrary cap on interest rates, harming low- and moderate-income communities most: “For millions of American families, small dollar loans, credit...
November 30, 2021Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q3 2021 Quarterly Banking Profile : “The FDIC’s third quarter profile reaffirms the strength and resiliency of America’s leading banks who are helping drive our economic recovery forward. Positive deposit growth and improved credit...
November 27, 2021The Consumer Bankers Association (CBA), the International Franchise Association (IFA), the National Association of Women Business Owners (NAWBO) and the US Hispanic Chamber of Commerce (USHCC) are joining forces to celebrate America’s small businesses in advance of Small Business Saturday on November 27 as part of their joint campaign unveiled in May, the #SmallBusinessSpotlight . The campaign...
November 22, 2021Consumer Bankers Association President and CEO Richard Hunt today issued the following statement on the Biden Administration’s renomination of Jerome Powell to lead the Federal Reserve as Chair: “CBA commends Chair Powell on his renomination. During one of the most uncertain and challenging times in our nation’s history, Chair Powell’s leadership helped ensure the well-regulated and well-...
November 15, 2021In a new Banking Dive op-ed , Consumer Bankers Association (CBA) President and CEO Richard Hunt advocates for the Consumer Financial Protection Bureau (CFPB) to establish clear and transparent rules of the road in lieu of enforcement when creating new guidelines or interpretations of existing regulatory standards. With last Friday marking one month since CFPB Director Rohit Chopra was officially...
November 5, 2021Yesterday, Richard Foster, who recently completed a two-year term as Chair of the Consumer Bankers Association (CBA) Small Business Committee , participated in a Veterans Small Business Showcase and Roundtable hosted by House Committee on Small Business Ranking Member Blaine Luetkemeyer (MO-03) to commemorate National Veterans Small Business Week. Foster is an Executive Vice President and...
November 3, 2021Consumer Bankers Association (CBA) President and CEO Richard Hunt today, during the November meeting of the CBA Board of Directors, announced his plan to depart after more than a dozen years leading the organization. Hunt will continue to serve as President and CEO until the summer of 2022 and will assist the CBA Search Committee in identifying a successor. “It has been an honor and a privilege...
October 29, 2021Consumer Bankers Association Education Funding Committee Chair and Head of Student Lending for Citizens Bank Christine Roberts earlier this week testified before the District of Columbia City Council Committee on Business and Economic Development in opposition to a proposal (B-170) that, in its current form, would reduce access to higher education options for students and families living in the...
