Nick Simpson
Vice President, Public Affairs
- (202) 552-6371
- nsimpson@consumerbankers.com
More From Nick Simpson
May 20, 2019CBA Calls on FinCEN to Collect Beneficial Ownership Information WASHINGTON – The Consumer Bankers Association today wrote Senate Banking Committee Chair Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) requesting the committee pass legislation requiring the Financial Crimes Enforcement Network (FinCEN) collect beneficial ownership information for corporations and use the information to create a federal database, searchable by financial institutions and law enforcement officials. “CBA’s members work vigilantly to ensure criminals do not access the American financial system to...
May 15, 2019WASHINGTON – The Consumer Bankers Association today offered comments to the Consumer Financial Protection Bureau’s notice of proposed rulemaking for payday, vehicle title, and certain high-cost installment loans. The comment letter offers support for the CFPB’s review of the 2017 rule and supported the new proposal’s call for strong consumer protections, while allowing Americans to receive short-term emergency funds within the well-regulated banking industry. The letter also requests the CFPB delay the entire rule until the new proposal is finalized, noting without the delay depository...
May 7, 2019CBA, Financial Trades Write HFSC on Anti-Money Laundering Legislation WASHINGTON – The Consumer Bankers Association, along with eight other financial services trades, today wrote House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) in support of the Committee’s work to modernize the anti-money laundering and counterterrorism regulatory system. The letter also states CBA’s support for H.R. 2513, the Corporate Transparency Act of 2019, and urges swift, bipartisan passage of the bill, which would create a secure beneficial ownership...
