ABA HSA Council Statement: CFPB Report Misrepresents Health Savings Account Industry
May 02, 2024
May 02, 2024
WASHINGTON, May 2 -- The American Bankers Association issued the following statement on May 1, 2024, by Executive Director Kevin McKechnie:
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"We are disappointed to see today's report from the CFPB, which misrepresents the Health Savings Accounts industry and fails to capture the value millions of Americans nationwide experience by owning an HSA. Tens of millions of Americans are choosing HSAs for their triple-tax advantage benefits and the control they afford . . .
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"We are disappointed to see today's report from the CFPB, which misrepresents the Health Savings Accounts industry and fails to capture the value millions of Americans nationwide experience by owning an HSA. Tens of millions of Americans are choosing HSAs for their triple-tax advantage benefits and the control they afford . . .