Media Releases
- October 3, 2023WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson delivered keynote remarks at a policy luncheon hosted by Women in Housing and Finance (WHF) last week in Washington, D.C. During the event, Johnson, who previously served as WHF President from 2018-2019, addressed many of the pressing policy issues facing the industry today. Below are key excerpts as delivered...
- October 2, 2023The Consumer Bankers Association (CBA) today announced that Kelvin Chen has joined the organization as Senior Executive Vice President, Head of Policy, a new position created to help CBA further drive its policy objectives on behalf of the organization’s members. In this new role, Kelvin will bridge and lead CBA’s regulatory, legislative, and communications teams, as well as a new policy research...
- September 27, 2023WASHINGTON, D.C. – In a new letter sent today, seven leading financial groups representing virtually all banks voiced their opposition to a proposal from Senator Jack Reed (D-R.I.) that would reduce access to credit within the well-regulated banking system through the imposition of a national fee and interest rate cap of 36 percent. As outlined in the letter, Sen. Reed’s proposal would actually...
- September 21, 2023Policymakers in Congress continue to advocate for legislative proposals seeking to create an all-in annual percentage rate (APR) cap for credit cards, including Senator Josh Hawley (R-Mo.) who recently introduced legislation that would do just that by imposing government price controls on the world’s most competitive and reliable credit card marketplace. While imposing caps on credit card...
- September 21, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued an outline of proposals under the Small Business Regulatory Enforcement Fairness Act (SBREFA) for the Fair Credit Reporting Act (FCRA): “The nation’s leading retail banks remain fully committed to protecting the personal financial...
- September 20, 2023In a new letter sent today, eight leading financial groups representing virtually all banks and credit unions voiced their opposition to the Capping Credit Card Interest Rates Act, a misguided proposal from Senator Josh Hawley (R-Mo.) that would impose government price controls on credit cards and effectively harm the very people the legislation seeks to protect. As outlined in the letter, Sen...
- September 15, 2023Today, 11 trade associations representing virtually all banks and credit unions, including those primarily serving military-affiliated customers and members, released the following joint statement opposing the effort by Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) to attach their proposed credit card routing legislation (S. 1838) to the Military Construction, Veterans Affairs, and...
- September 13, 2023WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today elected Eastern Bank’s Quincy Miller as Chair of its Board of Directors. Miller serves as Eastern Bank’s President and Vice Chairman and will assume the role of CBA Chair following the successful tenure of USAA’s Head of Retail Banking Ryan Bailey. Bailey will remain on the Board as Immediate Past-Chair. Citizen Financial Group’s...
- September 13, 2023In a new letter sent to the U.S. House Committee on Small Business (Committee), the Consumer Bankers Association (CBA) and other leading financial groups encouraged lawmakers to work towards a bipartisan solution in response to issues arising from recent policy changes made to the 7(a) program by the Small Business Administration (SBA). Specifically, the letter identifies key industry priorities...
- September 11, 2023The Consumer Bankers Association and the Bank Policy Institute (“the Associations”) addressed misconceptions surrounding medical payment products in a letter today to the Consumer Financial Protection Bureau, the Department of Health and Human Services and the U.S. Treasury Department (“the Agencies”). The Agencies issued a request for information in July that wrongly asserts that “medical...