Media Releases
November 16, 2022Today, at CBA’s 2022 Washington Forum, lawmakers, former regulators, industry experts, and the CBA Team weighed in on the most pressing policy issues affecting retail banks. From crypto, digitization, fintechs, and all things CFPB, the virtual event featured seven sessions and more than 20 speakers focused on what’s happening and what’s to come amidst a rapidly changing bank landscape and...
November 10, 2022America’s leading banks have increasingly unveiled new overdraft innovations to provide consumers even greater choice and flexibility to make informed financial decisions. As new research from the Brookings Institute recently found – the monetary impact of these new products and polices on consumers is significant – with combined savings reaching roughly $5 billion a year. In a new paper...
October 27, 2022Consumer Bankers Association (CBA) President & CEO Lindsey Johnson today issued the following statement after the Consumer Financial Protection Bureau (CFPB) released an outline of proposals and alternatives under consideration for the Bureau’s data rights rulemaking to implement section 1033 of the Dodd-Frank Act: “CBA long has supported expanding consumers’ access and control of their...
October 26, 2022Consumer Bankers Association (CBA) President & CEO Lindsey Johnson today issued the following statement after the Consumer Financial Protection Bureau (CFPB) released new guidance concerning bank fees: “The nation’s largest banks have introduced new, innovative products and policies designed to provide consumers greater choice, transparency, and control of their money. These changes were made...
October 25, 2022Consumer Bankers Association (CBA) President & CEO Lindsey Johnson today shared the following statement after the Federal Deposit Insurance Corp. (FDIC) released a new report that found the number of Americans without a bank account in 2021 fell to 4.5%, the lowest national unbanked rate since the FDIC survey began in 2009. "Today's report is welcomed news and a testament to the unwavering...
October 18, 2022Washington, D.C. – The Consumer Bankers Association, American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and Mid-Size Bank Coalition of America today issued the following statement on the FDIC’s decision to increase assessment rates: “We are disappointed that the FDIC has chosen to increase assessment rates based on assumptions that are demonstrably...
October 13, 2022Over the past several months, the Consumer Bankers Association (CBA) has urged Congress to reject consideration of the “Credit Card Competition Act,” harmful legislation that would alter the current credit routing system and deprive consumers of the safety, reliability, and rewards they’ve come to expect while using their credit card. While some policymakers in Washington remain intent on...
October 5, 2022Driven by a desire to send and receive payments seamlessly and instantaneously, millions of consumers and small businesses are increasingly utilizing peer-to-peer (P2P) networks to meet their financial needs. America’s leading banks remain fully committed to protecting consumers’ access to safe and reliable P2P networks, while also taking tangible steps prevent fraud before it occurs across every...
October 3, 2022The Consumer Bankers Association, American Bankers Association, Bank Policy Institute, Credit Union National Association, Electronic Payments Coalition, Independent Community Bankers of America, and National Association of Federally-Insured Credit Unions sent a letter today to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy warning the interchange bill introduced by Reps. Lance...
October 3, 2022The Consumer Bankers Association (CBA), American Bankers Association, Bank Policy Institute, and The Clearing House today issued the following statement in response to a new report released by Senator Elizabeth Warren (D-Mass.) concerning Zelle: “Today’s report from Sen. Warren fails to acknowledge that 99.9% of the 5 billion transactions processed on the Zelle network in the past 5 years were...
