Joint Trades Request to President Biden for Clearer, More Transparent Regulation

Dear 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 card issuers, equipment leasing and finance companies, payment processors, student loan servicers, fintechs, and many others. Large and small financial institutions alike share the Consumer Financial Protection Bureau’s (CFPB) goal of making consumer financial markets work for consumers, responsible providers, and the economy as a whole.

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