Media Releases

Press Contact

Lauren Bianchi
lbianchi@consumerbankers.com
202-552-6371
  • April 20, 2023
    A 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, 2023
    In 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, 2023
    Earlier 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...
  • April 11, 2023
    On Thursday, March 31, Consumer Financial Protection Bureau (CFPB) released a final rule to expand data collection requirements for financial institutions in the small business lending market under Section 1071 of the Dodd-Frank Act. Here’s an overview what you need to know, why it matters, how it will affect small business lending, and more: Consumer Bankers Association’s David Pommerehn...
  • April 10, 2023
    Nearly 2,000 of the industry’s top leaders recently gathered in Las Vegas for retail banking’s premier annual event – CBA LIVE 2023. From navigating digital innovations to preparing for all things CFPB and beyond, this year’s conference featured more than 70 hours of dynamic programming focused on the most pressing issues facing banks today. In a new highlight video, the Consumer Bankers...
  • April 10, 2023
    The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) today released the Q4 2022 Small Business Lending Trends analysis , examining key credit information for America’s small businesses. The report reflects the ongoing economic headwinds impacting small business credit, including persistent inflation and interest rate hikes. Key Findings Delinquency increased...
  • April 5, 2023
    A new survey released today found 57% of Americans believe credit card late fees are legitimate and not so-called “junk,” as some have suggested, compared to fees found in other sectors of the economy, which only between 12% to 18% of Americans found to be legitimate. The survey, commissioned by the Consumer Bankers Association (CBA), also found nearly half of Americans (48%) are unaware of the...
  • March 31, 2023
    Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the White House endorsed several proposals that would increase regulatory requirements for the banking industry before policymakers have completed a comprehensive review of the collapses of Silicon Valley Bank and Signature Bank. “America’s leading banks are strong, resilient, and...
  • March 30, 2023
    The Consumer Bankers Association (CBA) closed out CBA LIVE 2023 yesterday with a panel discussion on what’s NEXT for banks in the wake of the Silicon Valley Bank (SVB) failure. Introducing the panel – which included former FDIC Chair Jelena McWilliams, former head of retail at PNC Neil Hall, and Brookings Institute Senior Fellow Aaron Klein – CBA President and CEO Lindsey Johnson said: “All eyes...
  • March 30, 2023
    Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a final rule to implement Section 1071 of the Dodd-Frank Act. “The nation’s leading banks proudly serve as financiers of the American Dream across every community they serve, helping to drive economic growth and opportunity for...

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