Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • December 12, 2019
    CBA Statement on Community Reinvestment Act NPR “Modernizing CRA is a generational opportunity and, if done properly, will enable banks to invest more in communities across the country.” *** “The OCC and FDIC should be commended for tackling this herculean effort and working with banks, community groups and other stakeholders.” *** “CBA hopes the Fed will eventually join the other agencies to...
  • December 10, 2019
    CBA Writes Committee in Advance of Legislative Markup WASHINGTON, D.C. – The Consumer Bankers Association today wrote the Chair and Ranking Member of the House of Representatives’ Financial Services Committee to offer comments on several pieces of legislation the committee is considering. The letter addresses concerns with the Private Loan Disability Discharge Act (H.R. 4545), Student Borrower...
  • December 4, 2019
    CBA Writes Senate Commerce on Data Privacy 93 percent of personal records comprised in 2018 were from the non-financial business sector, which is not subject to national data security requirements WASHINGTON, D.C. – The Consumer Bankers Association (CBA) wrote Senate Commerce Committee Chairman Roger Wicker (R-Miss.) and Ranking Member Maria Cantwell (D-Wash.) in advance of the committee’s...
  • December 3, 2019
    CBA Statement on DeVos Federal Loan Proposal “The fact the Department of Education is the nation’s fifth largest bank speaks volumes to America’s federal student loan crisis.” *** “Congress and the Department of Education need to work together on real solutions – not temporary patches – to fundamentally reform and improve the federal loan system.” WASHINGTON – Consumer Bankers Association...
  • November 26, 2019
    CBA Statement on FDIC Quarterly Banking Profile WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Federal Deposit Insurance Corporation’s quarterly banking profile: “The nation’s banks are strong and consumers are best served within the well-regulated, well-capitalized, safe and sound banking industry. CBA will continue to work...
  • October 28, 2019
    CBA Writes Committee on Education Markup Calls for standardized disclosures on student loans, responsible lending caps to prevent debt traps WASHINGTON – The Consumer Bankers Association today wrote the Chair and Ranking Member of the House of Representatives’ Education and Labor Committee to offer comments on the upcoming College Affordability Act (H.R. 4674) markup. The letter calls for...
  • October 22, 2019
    CBA Commends House, Encourages Senate Action on Beneficial Ownership Bill WASHINGTON, D.C. – Following the U.S. House of Representatives’ passage of the Corporate Transparency Act (H.R. 2513), Consumer Bankers Association President and CEO Richard Hunt issued the following statement thanking the bill’s key sponsors, Reps. Carolyn Maloney (D-N.Y.), Pete King (R-N.Y.), Blaine Luetkemeyer (R-Mo.),...
  • October 18, 2019
    CBA on Supreme Court Hearing CFPB Constitutionality Case “Regardless of the outcome, a sole-director calling all the shots will never provide the long-term stability consumers deserve and the well-regulated financial sector needs. For that, Congress must create a bipartisan, Senate-confirmed commission to lead the Bureau…” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt...
  • October 16, 2019
    CBA Recommends Legislative, Regulatory Changes to Improve CFPB, Consumer Protections WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt wrote the chairs and ranking members of the House Financial Services and Senate Banking committees related to hearings on the Consumer Financial Protection Bureau’s semi-annual report to Congress. In the letter, CBA recommends ways to...
  • October 15, 2019
    CBA on House Democrats’ Higher Education Proposal WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt released the following statement after Democrats on the House of Representatives’ Committee on Education and Labor introduced higher education legislation: “This bill takes a positive step on one of the most common-sense student loan reforms by recognizing the need for better...

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