Comment Letters
May 10, 2023On behalf of the Consumer Bankers Association (CBA), I write to express our support for S. 1362, the Transparency in CFPB Cost-Benefit Analysis Act. This bill is an important component of CFPB reform and will help ensure the Bureau’s policies are grounded in sound data and evidence. Cost-benefit analysis is an important tool for regulators to use to balance the costs of implementing and complying...
May 3, 2023The Consumer Bankers Association (CBA) appreciates the opportunity to submit comments to the Consumer Financial Protection Bureau (the Bureau) in response to the notice of proposed rulemaking on credit card penalty late fees (the NPRM). In addition to the comments shared in the letter CBA submitted jointly with several other trade associations, CBA writes separately to express significant...
April 25, 2023Dear Chairman McHenry and Ranking Member Waters: The Consumer Bankers Association (CBA) submits this letter for the committee’s April 26, 2023 markup of bills. We appreciate the committee’s attention to meaningful CFPB reforms to ensure a safe and well-functioning financial services marketplace. CBA is the voice of the retail banking industry whose products and services provide access to credit...
April 14, 2023Dear Chairman McHenry and Ranking Member Waters: The undersigned trade associations write regarding the increasing threat credit repair scams pose to consumers and the credit markets. 1 Credit repair organizations exploit the most vulnerable Americans and inundate creditors and credit bureaus with meritless and duplicative claims that information in a credit report is inaccurate. These activities...
March 24, 2023Dear Chairman Meuser and Ranking Member Landsman: The Consumer Bankers Association (CBA) is pleased to submit this letter for the hearing entitled “The End of Relationship Banking? Examining the CFPB’s “Small Business Lending Data Collection” Rule” focused on the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”) notice of proposed rulemaking for Small Business Lending Data Collection...
March 16, 2023Dear Director Chopra: The Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Credit Union National Association, and the National Association of Federally-Insured Credit Unions1 are writing with respect to the Consumer Financial Protection Bureau’s notice of proposed rulemaking regarding Credit Card Penalty Fees (Regulation Z).2 The NPR proposes sweeping changes to...
March 8, 2023Dear Chairman Barr and Ranking Member Foster: The Consumer Bankers Association (CBA) is pleased to submit this letter for the hearing entitled “Consumer Financial Protection Bureau: Ripe for Reform.” We appreciate the committee’s attention to meaningful CFPB reforms to ensure a safe and well-functioning financial services marketplace. CBA is the voice of the retail banking industry whose products...
February 28, 2023Dear Director Chopra: The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions, and National Bankers Association, representing banks and credit unions across the regulated financial system, write with respect to the comment deadline for...
February 27, 2023Dear Chairman McHenry and Ranking Member Waters: The Consumer Bankers Association (CBA) submits this letter for the committee’s February 28, 2023 markup of bills. We appreciate the committee’s continued attention to consumer data privacy and the need for consistent privacy protections. CBA is the voice of the retail banking industry whose products and services provide access to credit to millions...
CBA Letter to House Appropriations Subcommittee Requesting CFPB Reform Inclusion to Appropriations Legislation