CBA Statement on Senate Banking Committee Advancing Nomination of Brian Johnson as CFPB Director

WASHINGTON, D.C. - Consumer Bankers Association (CBA) President and CEO Lindsey Johnson issued the following statement in response to the U.S. Senate Banking Committee advancing the nomination of Brian Johnson to be Director of the Consumer Financial Protection Bureau (CFPB):

"CBA applauds the Senate Banking Committee for advancing Brian Johnson's nomination to serve as Director of the CFPB. This week's vote represents an important step toward providing the Bureau with confirmed leadership, and we urge the full Senate to act swiftly on his nomination.

"Mr. Johnson's extensive experience on consumer financial services policy will be valuable as the CFPB considers issues that directly affect consumers, banks, and the broader financial marketplace. Senate confirmation would provide an opportunity to bring greater stability and predictability to the Bureau while ensuring its work remains grounded in its statutory mission."CBA urges the Senate to confirm Mr. Johnson and looks forward to engaging with him on policies that protect consumers, support a competitive and innovative financial marketplace, and provide banks with clear and consistent regulatory guidelines."