On Thursday morning, the Consumer Bankers Association's Richard Hunt was an invited attendee as President Barack Obama delivered remarks on financial reform. CBA issued a statement in response to Obama's remarks. "We agree with the President on the need for regulatory reform. But what the President and Chairman Dodd are proposing would have an immediate negative impact on the American banking system and ultimately the American consumer." The statement can be viewed in its entirety on the CBA website.
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