Media Releases
May 17, 2023Today, Consumer Bankers Association (CBA) President and CEO Lindsey Johnson delivered keynote remarks to the Exchequer Club of Washington, D.C., where she urged policymakers to work in tandem with the industry to re-instill consumers’ confidence in the American banking system following a period of significant market volatility. Below are excerpts from the speech as written: On Market Volatility...
May 8, 2023In a new interview this morning on Fox Business’ “Mornings with Maria,” Consumer Bankers Association (CBA) President and CEO Lindsey Johnson reinforced the strength of the U.S. financial system amid recent market volatility and reiterated America’s leading banks remain well-positioned to continue serving consumers and small businesses as they contend with ongoing economic challenges. Responding...
May 4, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement reiterating the strength of the banking industry while also calling on policymakers to address those seeking to take advantage of market volatility at the expense of the millions of consumers banks serve: “As several reports concluded last week, the multitude of factors contributing to the...
May 3, 2023In a new letter sent today to the Consumer Financial Protection Bureau (CFPB), the Consumer Bankers Association (CBA) outlined deep concerns with the agency’s recent Notice of Proposed Rulemaking (NPRM) on credit card penalty late fees, a proposal that would drastically alter the credit card landscape with profound implications for banks and the millions of Americans they serve. As CBA states in...
April 28, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Government Accountability Office (GAO), Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) released new reports examining the failures of Silicon Valley Bank and Signature Bank last month. "Today’s reports confirm there were a multitude of factors contributing to...
April 26, 2023The House Financial Services Committee today will vote on several legislative proposals that would deliver meaningful and long overdue reforms to the Consumer Financial Protection Bureau (CFPB). In a new letter sent to the Committee ahead of the markup, the Consumer Bankers Association (CBA) renewed support for legislation necessary to ensure the Bureau fulfills its responsibility of protecting...
April 25, 2023Throughout Financial Literacy Month, the Consumer Bankers Association (CBA) is highlighting how America’s leading banks are making banking easier and safer for consumers through digital banking innovations, real-time alerts, and security features to help combat scams and fraud. “During a time of economic uncertainty, we’re especially proud Americans value the convenience and security features...
April 20, 2023A new CNBC survey released last week found 58% of all Americans are now living paycheck to paycheck while 70% of the nation said they feel stressed about their finances due to ongoing economic headwinds. Even as a growing share of consumers are leaning on credit cards to afford increasingly expensive necessities such as food and rent, a recent CBA poll found nearly half are largely unaware of the...
April 18, 2023In a new Associated Press interview published this week, Consumer Bankers Association (CBA) President and CEO Lindsey Johnson expressed confidence in the strength of the banking industry following recent market uncertainty and offered insights into how bank leaders are preparing for the future. The wide-ranging conversation took place at CBA LIVE 2023, the first industry-wide gathering since the...
April 17, 2023Earlier this year, the Consumer Financial Protection Bureau (CFPB) announced a new proposal (a Notice of Proposed Rulemaking or NPRM) to lower the credit card late fee amount to $8. The proposal is part of the Administration’s misguided political campaign to conflate fees in unrelated industries as “junk.” On the surface, this proposal sounds good – no one likes “junk” – but the reality for...
