Media Releases
- September 9, 2023WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson tonight released the following statement after the U.S. District Court for the Eastern District of Texas granted CBA and other plaintiffs’ motion for summary judgment, and denied the counter-motions by the Consumer Financial Protection Bureau (CFPB), in a case against the CFPB challenging the legality of...
- September 7, 2023In a new letter sent to the Consumer Financial Protection Bureau (CFPB or Bureau), the Consumer Bankers Association (CBA) highlighted the important use of information – that the Bureau may define as ‘credit header data’ – by banks for identity verification and fraud prevention. The letter also details the ways in which these consumer protection measures by banks may be impacted by defining this...
- August 31, 2023What’s Happening The financial services ecosystem has rapidly evolved over the past decade, driven largely by the growth of fintechs and other non-bank entities increasingly offering products and services that have traditionally only been offered by well-regulated banks. This is especially true today in the peer-to-peer (P2P) payments market, which is largely controlled by fintech companies like...
- August 22, 2023The Consumer Bankers Association (CBA) today announced the launch of the “Washington Wallet Watch” campaign to defend and protect consumers’ access to the world’s safest and most reliable credit card network. Specifically, the campaign will outline how two proposals in Washington would dramatically disrupt the credit card landscape: the CFPB’s imminent final rule to lower credit card late fees...
- August 7, 2023In a new op-ed published by the Cleveland Plain Dealer, CBA President & CEO Lindsey Johnson outlines how two proposals being considered in Washington, D.C. – the CFPB’s expected rulemaking to lower credit card late fees and the Credit Card Competition Act in Congress – would directly harm the millions of Americans who rely on credit cards to meet their daily financial needs. Unfortunately, as...
- August 1, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement recognizing 103 bankers who graduated from CBA’s Executive Banking School, the premier advanced educational program for future leaders in retail banking: “Congratulations to the CBA Executive Banking School Class of 2023, honors graduates, and Tem Wooldridge Award recipient Mark Salatino...
- July 27, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released a new statement responding to a proposed rule unveiled by the Federal Reserve, Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) seeking to implement the Basel III endgame agreement for large banks, including enhanced risk-capital requirements for all banks with $100...
- July 25, 2023In a new letter sent to the U.S. Senate Subcommittee on Financial Institutions and Consumer Protection, the Consumer Bankers Association (CBA) reiterated opposition to the Biden Administration’s ongoing “junk fee” campaign that misrepresents well-regulated bank fees. In the letter, which comes ahead of a scheduled Subcommittee hearing tomorrow, CBA specifically addresses recent actions from the...
- July 21, 2023The White House this week marked the second anniversary of President Biden’s Executive Order on Promoting Competition in the American Economy by highlighting some of the initiatives taken by the Administration to lower costs for consumers. These items included the forthcoming rulemaking by the Consumer Financial Protection Bureau (CFPB) to implement Section 1033 of the Dodd-Frank Act , raising...
- July 14, 2023The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) today released the Q1 2023 Small Business Lending Trends analysis, examining key credit information for America’s small businesses. The report reflects the impact of a volatile interest rate environment and higher costs of goods and services on small businesses. Key Findings Delinquency continued to increase...