Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • January 24, 2019
    CBA Submits Comments on Small-Dollar Lending “A tremendous amount of attention has been rightfully given to the hardships furloughed federal employees are facing and banks have stepped up to the plate. But, for millions of Americans, the need for short-term assistance to meet emergency expenses existed before the shutdown and will exist after the government reopens.” WASHINGTON – The Consumer...
  • January 22, 2019
    CBA Writes Congressional Leaders, President on SBA Loan Programs “In order to help mitigate the economic ripple effects of the government shutdown, CBA requests that all options be explored to reopen the SBA’s 7(a) and 504 loan programs.” WASHINGTON – The Consumer Bankers Association today wrote Congressional leaders and President Donald Trump requesting “all options be explored to reopen” the...
  • 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...

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