Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • January 16, 2019
    Banks Offering Shutdown Assistance: CBA member institutions work with customers facing hardships – whether manmade or natural – every day. Banks are working with customers on a one-on-one basis as the partial government shutdown continues and federal employees, through no fault of their own, miss paychecks and small businesses are not able to access Small Business Administration loans. We know...
  • January 11, 2019
    CBA Writes Prudentials on Shutdown Assistance Programs for Customers CBA outlines assistance programs, Thanks agencies for regulatory guidance WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today wrote prudential regulators outlining the assistance programs banks are proactively offering customers impacted by the partial government shutdown. The letter also thanked...
  • December 21, 2018
    CBA Statement on Otting Selection as Acting FHFA Director WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after President Trump announced Comptroller of the Currency Joseph Otting would serve as acting Federal Housing Finance Agency director until Mark Calabria is confirmed by the Senate: “Comptroller Otting is an excellent choice to serve...
  • December 18, 2018
    CBA Writes Regulators on Fintech Deposit Account Consumer Protections WASHINGTON – The Consumer Bankers Association this morning wrote the Federal Deposit Insurance Corporation, Federal Reserve Board, Federal Trade Commission, Office of the Comptroller of the Currency, and Securities and Exchange Commission encouraging the regulatory agencies to help ensure consumers know the differences in...
  • December 17, 2018
    CBA Statement on Uninsured Account Offerings WASHINGTON: Consumer Bankers Association President and CEO Richard Hunt issued the following statement regarding the emergence of fintechs comparing high-interest investment accounts to checking accounts: “CBA and our members welcome competition as long as it is on a level playing field, especially when it comes to consumer protections. Well-regulated...
  • December 11, 2018
    CBA Statement on BCFP Campus Products Report WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Bureau of Consumer Financial Protection’s internal report on the use of campus products: “Banks value the relationship they have with their customers and provide important, necessary services to students as they work to achieve their goals...
  • December 6, 2018
    CBA Statement on Kraninger Confirmation WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate confirmed Kathleen Kraninger to a five-year term as director of the Bureau of Consumer Financial Protection: “CBA would like to congratulate Ms. Kraninger on her confirmation to this important position, one where she has the final say...
  • December 3, 2018
    CBA Statement on Regulators BSA/AML Innovation Announcement WASHINGTON – The Consumer Bankers Association today said the announcement made by the U.S. Department of Treasury’s Financial Crimes Enforcement Network and prudential regulators encouraging financial institutions to explore more innovative approaches to combat money laundering and illicit terrorist financing is an important first step...
  • November 29, 2018
    CBA Submits BSA/AML Improvement Recommendations WASHINGTON – The Consumer Bankers Association today provided recommendations on improving Bank Secrecy Act and related anti-money laundering laws and regulations to the Senate Banking Committee in advance of a hearing on combatting money laundering and other forms of illicit finance. The letter was sent to Committee Chairman Mike Crapo (R-Idaho) and...
  • November 19, 2018
    CBA Submits Comment Letter to OCC on CRA Offers goals of modernization efforts: Clarity, Transformation, Flexibility & Optionality WASHINGTON – Consumer Bankers Association today submitted comments in response to the Office of the Comptroller of Currency’s advance notice of proposed rulemaking on ways to modernize the Community Reinvestment Act. CBA’s comment letter was drafted in conjunction...

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