Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • February 18, 2020
    CBA, SBFE Release Quarterly Small Business Lending Trends WASHINGTON – The Consumer Bankers Association and Small Business Financial Exchange today released the second Small Business Lending Trends report. The report, which is released each quarter, examines key credit information for America’s small businesses, including payment performance and credit utilization. Key findings from the report,...
  • February 10, 2020
    CBA Statement on Higher Education Proposals in President’s Budget WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the education reform proposals outlined in President Trump’s budget: “The President’s budget recognizes the need for fundamental reforms to the federal student loan system. Capping PLUS loans at responsible levels will ensure...
  • February 6, 2020
    CBA Letter of CFPB Semi-Annual Testimony WASHINGTON – The Consumer Bankers Association wrote the House Financial Services Committee in advance of the Consumer Financial Protection Bureau’s semi-annual report to Congress. In the letter, CBA makes several legislative and regulatory recommendations to ensure consumers continue having access to highly-regulated financial products. “It has been 10...
  • February 3, 2020
    CBA Statement on Ed, CFPB Memorandum WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Department of Education and Consumer Financial Protection Bureau issued a Memorandum of Understanding related to the sharing of complaint data for federal student loans: “This is a positive step by the Department of Education and CFPB to help all...
  • January 29, 2020
    CREDIT Act Provisions Will Increase Loan Costs for Consumers WASHINGTON – The Consumer Bankers Association wrote the House of Representatives expressing concern over the unintended consequences of H.R. 3621, the Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency (CREDIT) Act. “The safety and soundness of our banking system requires lenders be able to rely on a...
  • January 29, 2020
    CBA Names New Head of Regulatory Affairs, Announces Promotions Dan Smith to join as Head of Regulatory Affairs; David Pommerehn named General Counsel; Jenna Burke promoted to Associate General Counsel WASHINGTON – The Consumer Bankers Association today announced the hire of Dan Smith as Executive Vice President and Head of Regulatory Affairs. Smith will start on March 1, 2020. CBA also promoted...
  • January 24, 2020
    CBA Statement on CFPB’s UDAAP Announcement WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau provided a framework for how the Bureau will apply the “abusiveness” standard in supervision and enforcement matters: “Defining the CFPB’s interpretation of its UDAAP authority will assist consumers as...
  • January 15, 2020
    CBA Leadership Rings New York Stock Exchange Closing Bell WASHINGTON – Members of the Consumer Bankers Association (CBA) Board of Directors as well as several of the association’s committee chairs and vice chairs today rang the New York Stock Exchange’s closing bell. The Dow closed at a record high, breaking 29,000. CBA Board Chair Nitin Mhatre, EVP, Head of Community Banking and Marketing at...
  • January 14, 2020
    CBA Writes House Financial Services Subcommittee on CRA Modernization WASHINGTON – The Consumer Bankers Association (CBA) today wrote House Financial Services Consumer Protection and Financial Institutions Subcommittee Chair Greg Meeks (D-N.Y.) and Ranking Member Blaine Luetkemeyer (R-Mo.) to discuss efforts to modernize the Community Reinvestment Act. “CBA believes banks have an affirmative...
  • December 16, 2019
    CBA Files Amicus Brief in CFPB Constitutionality Case WASHINGTON – The Consumer Bankers Association (CBA) today filed an amicus brief with the U.S. Supreme Court in the Seila Law LLC v. Consumer Financial Protection Bureau case. CBA’s brief argues, if the CFPB leadership structure is ruled unconstitutional, Congress should be allowed to create a constitutional structure, such as a bipartisan...

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