Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • November 13, 2017
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate Finance Committee released its tax reform proposal: “The Administration and Congress’ commitment to pro-growth tax reform is a positive step for small-businesses, consumers and our economy. However, the elimination of certain deductions like FDIC Deposit Insurance premiums,...
  • November 13, 2017
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the Senate Banking Committee announced an agreement on bipartisan financial regulatory reform legislation: “We appreciate the Senate’s bipartisan effort to enact regulatory reform which helps banks better serve American consumers and small businesses. The agreement makes some meaningful...
  • November 1, 2017
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt released the following statement on President Trump’s signing of a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau’s (CFPB) arbitration rule: “The CFPB’s rule was never about protecting consumers; rather, it was about protecting trial lawyers and their wallets. The Bureau’s own study...
  • October 25, 2017
    The Consumer Bankers Association today sent a letter to Representatives Luke Messer (R-Ind.) and Emanuel Cleaver, II (D-Mo.) supporting their bipartisan Student Loan Disclosure Modernization Act (H.R. 4119). The legislation requires the Department of Education to streamline the “plain language” disclosure form and more clearly explain the costs and terms of federal student loans. The current...
  • October 24, 2017
    “This rule was ill-conceived, based on an incomplete study and did not fulfill the Bureau’s goal of protecting consumers.” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the U.S. Senate passed a Congressional Review Act resolution overturning the Consumer Financial Protect Bureau’s (CFPB) arbitration rule: “The Senate acted to...
  • October 20, 2017
    Washington, D.C. – The Consumer Bankers Association (CBA) today submitted comments to the Office of the Comptroller of the Currency, Federal Reserve Board and Federal Deposit Insurance Corporation on proposed rulemaking to amend the Community Reinvestment Act (CRA). The proposal would require financial institutions to combine home equity lending data with home mortgage lending data when reporting...
  • October 5, 2017
    Washington, D.C. - Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to the issuance of the CFPB’s final rule on small-dollar lending: “The CFPB whiffed at an opportunity to provide assistance to the millions of Americans experiencing financial hardship,” CBA President and CEO Richard Hunt said. “It is hard to believe just days...
  • September 29, 2017
    Washington, D.C. – The Consumer Bankers Association today wrote Senators Claire McCaskill (D-Mo.) and David Perdue (R-Ga.) to offer support for the Systemic Risk Designation Improvement Act, bipartisan legislation designed to give the Federal Reserve flexibility when making systemic risk designations. “Designating risk based on how big a financial institution is does not make sense and it hurts...
  • September 27, 2017
    CBA’s Hunt: “We encourage the CFPB to work in coordination with other financial services regulators to create a consistent regulatory environment that does not take away the ability for families with unexpected financial hardships to seek responsible, short-term assistance from their bank.” Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), today wrote...
  • August 4, 2017
    99% of consumers are not confused by the opt-in process for overdrafts Washington, D.C. - Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to the CFPB’s study on overdraft and their prototype disclosure forms. “Banks provide consumers with clear, concise procedures for opting into overdraft services. According to a 2015 Novantas...

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