Publication

Mhatre Elected Consumer Bankers Association Board Chairman

 

Nitin Mhatre has been elected Consumer Bankers Association (CBA) chairman of the Board of Directors.

Mhatre serves as executive vice president and head of Community Banking at Webster Bank. Terms for CBA’s Board of Directors run from September to September.

Mhatre succeeds Todd Barnhart, executive vice president and retail distribution executive at PNC Bank. He will remain on the Board as Immediate Past Chair.

Pushing for Change for Banks

For Richard Hunt, lobbying on behalf of the nation’s banks isn’t quite what it used to be.

Consumer Bankers Urge Lawmakers to Pass Plain-Language Loan Disclosures

The Consumer Bankers Association (CBA) is urging lawmakers to support the Student Loan Disclosure Modernization Act, which would require federal student loans to carry plain-language disclosures on the true cost of the loan.

CBA’s Hunt backs fair, consistent regulation

When it comes to shaping the regulatory and business environment to best serve the needs of banks and consumers, shortsightedness and lack of consistency may be two of the greatest obstacles facing the financial industry today.

Shutdown highlighted need for bank-backed small-dollar loans

 

  • A tremendous amount of attention rightfully was given to the financial hardships furloughed employees faced during the month-long partial shutdown of the federal government. I am proud to say banks proactively stepped up to the plate. But that did not stop the letters from Congress inquiring how financial institutions were helping furloughed workers — despite efforts being well underway long before politicians weighed in.

 

The shutdown has ended, yet some small businesses still struggle to move on

The Consumer Bankers Association pegged the tally of outstanding loans at about 300 for each day of the shutdown, or about $2 billion in lending, according to a letter it sent to President Donald Trump and Congressional leaders Jan. 22. "Small business is going to be the first place you're going to see the impact of the shutdown, because a lot of these loans stop as soon as the shutdown occurs," said David Pommerehn, associate general counsel and senior vice president at the Consumer Bankers Association.

Consumer Bankers Association weighs in on small-dollar lending

The Consumer Bankers Association (CBA) maintains actions by federal regulators unfavorably impact small-dollar lending consumers by forcing them to payday lenders and other less regulated sources when in need.

Industry group urges reopening of SBA, citing impact of shutdown

The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.

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