Media Releases
March 7, 2022Consumer Bankers Association (CBA) President and CEO Richard Hunt today opened retail banking’s premier annual event, CBA LIVE 2022 , acknowledging how much the banking industry and regulatory environment have evolved since CBA LIVE first began 13 years ago, specifically highlighting how the rapid emergence of fintech companies has left millions of consumers without the protections they’ve come...
March 4, 2022In a new letter sent today to the Senate Banking Committee ahead of a scheduled hearing next Tuesday, Consumer Bankers Association (CBA) President & CEO Richard Hunt urged Congress to reject any legislative proposal seeking to eliminate the ability of hardworking families to pursue arbitration agreements when settling claims disputes. Overwhelmingly, disputes between companies and their...
March 2, 2022The Consumer Bankers Association (CBA) is excited to host retail banking’s premier annual event , CBA LIVE 2022, March 7-9, in San Antonio, TX. From crypto and fintechs to DE&I and the war for talent, attendees will experience more than 60 hours of top-notch programming featuring the industry’s top bankers, thinkers, and influencers. Entering its 13th year, CBA LIVE 2022 will feature for the...
March 1, 2022Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q4 2021 Quarterly Banking Profile: “The FDIC’s fourth quarter profile reiterates the important role banks continue to play in fueling our nation’s economic recovery. Accelerating deposit growth and improving credit quality serve as...
February 24, 2022This morning, Citigroup became the latest bank to announce sweeping changes to their overdraft policies, joining a growing share of CBA members who have unveiled innovative overdraft solutions to meet evolving consumer demands. As a result, families now benefit from the ability to choose a financial institution within the highly competitive banking industry that offers the financial tools that...
February 16, 2022Driven by consumer demand and a desire to provide the best banking experience available – whether at a branch or on an app – the banking industry is in the midst of a dramatic digital transformation. Last month, as part of a new blog series – Driving the Digital Revolution – CBA highlighted the latest efforts from CBA members Berkshire Bank, PNC Bank, US Bank, and JPMorgan Chase to enhance their...
February 10, 2022The Consumer Financial Protection Bureau (CFPB) last month launched a new initiative to better understand fees charged by banks and other financial institutions, with a specific emphasis on overdraft fees. The launch marked the latest attempt by the CFPB to attack the banking industry with extreme rhetoric, making unsubstantiated claims that could ultimately create more harm for the very people...
February 10, 2022In a new letter sent yesterday to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, Consumer Bankers Association (CBA) President & CEO Richard Hunt urged the Bureau to extend its supervisory authority over small business fintech lenders, who operate outside the regulatory purview of the Bureau and do not abide by the same federal oversight requirements as traditional banks...
February 9, 2022A new study from PYMTS and Amount, a leading financial technology provider, found an overwhelming majority of buy now, pay later (BNPL) users would prefer using a version of the service through their bank, rather than through a fintech provider. The study, based on a survey of more than 2000 U.S. consumers, also concluded banks have a unique opportunity to increase their market share in the fast-...
February 3, 2022Ahead of FDIC Chairman Jelena McWilliams’s effective resignation tomorrow Consumer Bankers Association (CBA) President & CEO Richard Hunt released the following statement commending her for her years of service to the banking industry and the millions of Americans the agency serves: “Chairman McWilliams has served our nation and the banking industry with professionalism and class. As the head...
