Regulatory Compliance & Agency Engagement

  • December 4, 2023
    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...
  • November 17, 2023
    Dear Director Chopra: On September 15, the Consumer Financial Protection Bureau (CFPB or the Bureau) unveiled potentially sweeping changes to the Fair Credit Reporting Act (FCRA) rules (Regulation V) when it issued its “Outline of Proposals and Alternatives Under Consideration for the Small Business Advisory Review Panel for Consumer Reporting Rulemaking.”1 The undersigned trade associations urge...
  • November 6, 2023
    To Whom it May Concern: The Bank Policy Institute, The Clearing House (TCH), and the Consumer Bankers Association (CBA), appreciate the opportunity to comment on the Consumer Financial Protection Bureau’s (the CFPB) Small Business Regulatory Enforcement Fairness Act (SBREFA) outline concerning consumer reporting (hereinafter “SBREFA outline”). The SBREFA outline represents the first proposed...
  • October 27, 2023
    Dear Director Chopra: The American Fintech Council (AFC), the American Bankers Association (ABA), the American Financial Services Association (AFSA), the Bank Policy Institute (BPI), the Clearing House Association, the Community Development Bankers Association (CDBA), the Consumer Bankers Association (CBA), the Credit Union National Association (CUNA), the Electronic Transactions Association (ETA...
  • October 20, 2023
    Dear Chair Powell: The undersigned nine trade organizations represent a broad coalition of federally regulated financial institutions, including community banks, credit unions, and military financial institutions who are concerned about regulatory actions impacting the sustainability and affordability of core deposit account services. We write to urge the Board of Governors of the Federal Reserve...
  • October 6, 2023
    Dear Director Chopra: The Association of Credit and Collection Professionals (ACA), the American Financial Services Association (AFSA), the American Fintech Council (AFC), The Clearing House (TCH), the Consumer Bankers Association (CBA), the Center for Capital Markets Competitiveness (CCMC), the Consumer Data Industry Association (CDIA), the Electronic Transactions Association (ETA), the...
  • September 5, 2023
    To Whom it May Concern: The Consumer Bankers Association (“CBA”) sends this letter in response to the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) Director Rohit Chopra’s remarks at the White House Roundtable on Protecting Americans from Harmful Data Broker Practices and additional details released on the scope of CFPB’s forthcoming Small Business and Regulatory Enforcement and...
  • August 21, 2023
    To Whom It May Concern: The Mortgage Bankers Association (MBA) and the Consumer Bankers Association thank the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (the Board), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), and Federal Housing Finance Agency (FHFA...
  • August 18, 2023
    Dear Director Chopra, The American Financial Services Association (AFSA), Consumer Bankers Association (CBA), CRE Finance Council (CREFC), Equipment Leasing and Finance Association (ELFA), Mortgage Bankers Association (MBA), National Association of Federally-Insured Credit Unions (NAFCU), Truck Renting and Leasing Association (TRALA), and the U.S. Chamber of Commerce (Chamber) (together, the “...
  • August 9, 2023
    The American Bankers Association (ABA), ACA International, American Financial Services Association, Consumer Bankers Association, Credit Union National Association, Mortgage Bankers Association, National Association of Federally-Insured Credit Unions, National Council of Higher Education Resources, and Student Loan Servicing Alliance (the Associations) appreciate the opportunity to comment on the...

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