CBA Consumer Bankers Association : Statement on Treasury Secretary Nomination

CBA Statement on Treasury Secretary Nomination

WASHINGTON - Consumer Bankers Association President and CEO Richard Hunt issued the following statement after President-elect Joe Biden nominated Janet Yellen for U.S. Treasury Secretary:

'CBA congratulates Janet Yellen on being nominated to serve as the next Treasury Secretary. She is a tested, steady hand and will play a pivotal role as our nation works to recover from the economic effects of the COVID pandemic.

'Ms. Yellen's views are well known and we appreciate the working relationship she had with CBA during her time at the Federal Reserve. We look forward to learning more about the Biden Administration's views on financial regulations during Ms. Yellen's confirmation process and will continue our work with policymakers and regulators to ensure the well-regulated banking industry can continue meeting the needs of consumers and small businesses.'

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About the Consumer Bankers Association:

The Consumer Bankers Association represents America's leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA's corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.