Comment Letters
- January 8, 2024To Whom It May Concern, The Consumer Bankers Association (CBA) appreciates the opportunity to provide comment on the Consumer Financial Protection Bureau’s (CFPB or Bureau) Notice of Proposed Rulemaking regarding larger participants in the general-use digital consumer payment application market (Proposed Rule). I. CBA Strongly Supports Regulation of Nonbanks Engaged in Consumer Financial Services...
- December 29, 2023To Whom it May Concern: The Consumer Bankers Association (CBA) appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (the Bureau) Notice of Proposed Rulemaking on Personal Financial Data Rights (the NPRM) pursuant to Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). CBA appreciates the work that the Bureau has done over...
- December 19, 2023Dear Director Chopra: The undersigned organizations respectfully request that the Consumer Financial Protection Bureau (“CFPB”) provide an extension of the comment period of the notice of proposed rulemaking on Personal Financial Data Rights (NPRM). We are working diligently to provide constructive and informed responses within the current comment period, however, this rule would establish a...
- December 19, 2023Dear Senator Reed: The undersigned trade associations, representing financial institutions that serve hundreds of millions of American consumers, write in opposition to S. 3549, the “Predatory Lending Elimination Act” that would impose a limitation to fees and interest charged on consumer loans through an all-in national rate cap of 36 percent. Small dollar loans, credit cards, and other forms of...
- December 18, 2023Dear Mr. Dodaro, I write to request that the Government Accountability Office (GAO) study the potential impacts of the Consumer Financial Protection Bureau’s (CFPB) Credit Card Penalty Fees proposed rule and review the adequacy of the CFPB’s analysis of those impacts. On February 1, 2023, the CFPB issued a notice of proposed rulemaking to limit the ability of companies to charge late fees...
- December 18, 2023Click here for the full letter
- December 14, 2023Dear Congressman Barr: On behalf of the Consumer Bankers Association (CBA), I write to express our support for H.R. 6789, the Rectifying UDAAP Act. Reforming the Consumer Financial Protection Bureau’s (CFPB or Bureau) unfair, deceptive, and abusive acts or practices (UDAAP) authority is critical for ensuring transparency by the Bureau and adherence to high regulatory standards for depository...
- December 4, 2023Dear President Biden: The undersigned organizations write to you today asking for your support in our quest for clear rules of the road in the financial services industry that take into account both the benefits and costs of regulations. Millions of Americans are served by our organizations, which include credit unions, banks, mortgage lenders, auto finance companies, installment lenders, credit...
- November 27, 2023Dear Chairman Brown and Ranking Member Scott: The Consumer Bankers Association (CBA) submits the following comments for the hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” We appreciate the committee’s continued oversight of the Consumer Financial Protection Bureau (CFPB or Bureau) and its activities. CBA is the voice of the retail banking industry...
Joint Trades Comment on CFPB's Proposed Larger Participant Rule