CBA in the News

Press Contact

Jacqueline Ortiz Ramsay
jramsay@consumerbankers.com
202-552-6371
  • November 2, 2016
    Lobbying runs deep in Washington. Every day, thousands of law firms, associations and advocacy groups seek to exert influence over policymaking away from the glare of presidential and congressional politics. In such a crowded field, a select few have shown an ability to get things done — and it’s those movers and shakers who are among The Hill’s Top Lobbyists. From the “hired guns” who populate K...
  • October 30, 2016
    Bankers will be the first ones to tell you their profession can be a bit dry. But six years ago, the Consumer Bankers Association (CBA) decided to completely revamp the organization’s annual events and find a way to make banking more dynamic. CBA’s Richard Hunt addressing the auidence in the General Session room. The effort started with the consolidation of CBA’s eight annual conferences into one...
  • October 27, 2016
    Hillary Clinton's lead in presidential-election polls has Wall Street increasingly focused on the battle for control of Congress -- and bracing for a less friendly environment if Democrats retake the Senate and give new clout to the party's left wing. "It's not Hillary Clinton we are worried about. It's the influence that the liberals have on her," said Richard Hunt, president and chief executive...
  • October 27, 2016
    Hillary Clinton's lead in presidential-election polls has Wall Street increasingly focused on the battle for control of Congress -- and bracing for a less friendly environment if Democrats retake the Senate and give new clout to the party's left wing. "It's not Hillary Clinton we are worried about. It's the influence that the liberals have on her," said Richard Hunt, president and chief executive...
  • October 27, 2016
    Hillary Clinton's lead in presidential-election polls has Wall Street increasingly focused on the battle for control of Congress -- and bracing for a less friendly environment if Democrats retake the Senate and give new clout to the party's left wing. "It's not Hillary Clinton we are worried about. It's the influence that the liberals have on her," said Richard Hunt, president and chief executive...
  • October 27, 2016
    A banking trade group told regulators that its members have changed or are changing contracts for private student-loan customers to ensure that loans in good standing aren’t placed in default because a co-signer has died or filed for bankruptcy. The changes address the regulators’ criticism of the banks’ practice, called “auto-defaults.” The system causes surprise defaults for borrowers when the...
  • October 27, 2016
    Private lenders are revising student loan contracts to ensure people are not placed in default when the co-signer of their loan dies or declares bankruptcy, putting an end to a practice brought to light by the Consumer Financial Protection Bureau. In a letter obtained by The Washington Post, Consumer Bankers Association President Richard Hunt informed CFPB director Richard Cordray that the 10...
  • October 20, 2016
    Several mortgage and housing trade groups this week asked the Consumer Financial Protection Bureau (CFPB) to go further in the agency's proposed cleanup of the TRID consumer-disclosure rules, the massive regulation that kicked in one year ago. Industry groups are asking that the bureau extend a soft enforcement period for several more months, and proposed changes that the CFPB has previously...
  • October 18, 2016
    The Consumer Financial Protection Bureau is headed by a director who single-handedly has jurisdiction over 15,000 institutions and whose decisions impact millions of consumers every day. This person is judge and jury when it comes to imposing fines, rulemaking activity and supervisory opinions. The structure makes the CFPB director the most powerful person outside of the president of the United...
  • October 18, 2016
    The Consumer Financial Protection Bureau’s structure should be revamped, as the federal appeals court in D.C. recently decided, writes Richard Hunt, president and CEO of the Consumer Bankers Association, writes in an opinion piece in USA Today. The CFPB, rather than having a single director, should be governed by a five-member commission, like the Federal Trade Commission, he writes. “If the CFPB...

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