Media Releases
August 28, 2013Washington, D.C. (August 28, 2013) – Richard Hunt, President/CEO of the Consumer Bankers Association, issued the following statement after the Fed, FDIC, OCC, FHFA, SEC, and HUD released a second inter-agency credit risk retention proposal implementing section 941 of the Dodd-Frank Act: “Today’s proposal aligning Qualified Residential Mortgages with the CFPB’s QM rule will help reduce the cost of...
August 21, 2013Washington, D.C. (August 21, 2013) – Today Richard Hunt, President and CEO of the Consumer Bankers Association, released the following statement after a hearing before U.S. District Court Judge Richard Leon in the matter of NACS v. Board of Governors of the Federal Reserve System: “The Fed’s decision to appeal Judge Leon’s ruling is welcome news for consumers. The Judge’s original decision left...
July 31, 2013Washington, D.C. (July 31, 2013) – "This new ruling will create even more chaos for consumers and small banks. Congress ought to save families from this uncertainty by repealing this government mandated price-fixing. We certainly hope retailers return to their free-market principles as they did when opposing the proposed government ban on big gulp sodas in New York." About CBA The Consumer...
July 30, 2013Washington, D.C. (July 30, 2013) – The CBA/BAI Graduate School of Retail Bank Management (GSRBM) congratulates the 78 members of the Class of 2013 and is proud to announce this year’s honors students and the Tem Wooldridge Award to the top student. Today’s graduates have invested three years in the GSRBM program which signifies their commitment to ensuring the industry is led by the best and...
July 30, 2013Washington, D.C. (July 30, 2013) – The CBA/BAI Graduate School of Retail Bank Management (GSRBM) congratulates the 78 members of the Class of 2013 and is proud to announce this year’s honors students and the Tem Wooldridge Award to the top student. Today’s graduates have invested three years in the GSRBM program which signifies their commitment to ensuring the industry is led by the best and...
July 24, 2013Washington, D.C. (July 24, 2013) – Richard Hunt, President and CEO of the Consumer Bankers Association, testified today before a hearing of the U.S. Senate Special Committee on Aging. The hearing focused on short-term liquidity products and their impact on consumers, particularly senior citizens. In his testimony, Hunt stated bank-offered deposit advance products play a valuable role in that they...
July 16, 2013Washington, D.C. (July 16, 2013) – CBA congratulates Richard Cordray and his family on being confirmed Director of the CFPB. For the past two years, CBA has worked closely with the Director and the Bureau to create a level playing field in the financial services sector. We will continue to work with Director Cordray to ensure consumers have access to financial products they determine meet their...
July 2, 2013Washington, D.C. (July 2, 2013) – CBA is pleased the Fed addressed our concerns regarding the complex residential mortgage risk-weighing calculations in their original proposal. In today’s economic environment, staying with current capital requirements for mortgages will help ensure consumers have access to affordable home loans and home equity products. CBA will continue to monitor regulatory...
June 24, 2013Washington, D.C. (June 24, 2013) – Today’s Supreme Court announcement on the Noel Canning v. NLRB case is a reminder the CFPB operates under a continuing cloud of uncertainty for consumers and the industry. Congress has the opportunity to take corrective measures to restructure the virtually unchecked power of the Bureau from one individual to a bi-partisan commission. For the past two years, CBA...
June 11, 2013Washington, D.C. (June 11, 2013) – The CFPB ought not adopt any policy that drives America’s families to unregulated industries with riskier and costlier alternatives. Consumers have the right to choose the products and features which best provide for their family’s daily financial needs. Fortunately, the marketplace for checking accounts is extremely competitive and banks make every effort to...
