Comment Letters
February 25, 2021Commissioner Chopra, Consumer Bankers Association (CBA) congratulates you on your nomination as the next Director of the CFPB. We have worked with every CFPB Director since the Bureau’s creation to champion the consumer benefits of retail banking and advocate for sound banking policy and welcome the opportunity to work with you to achieve the shared mission of ensuring “financial markets work for...
February 23, 2021Dear Speaker Pelosi, Majority Leader Schumer, Minority Leader McCarthy and Minority Leader McConnell: The undersigned consumer and banking industry organizations write to express our strong support to insert language into the American Rescue Plan Act of 2021 to protect the next round of economic impact payments in that bill from assignment and garnishment. The attached language mirrors the...
February 16, 2021To Whom It May Concern: The Consumer Bankers Association (CBA) is pleased to submit these comments to the Board of Governors of the Federal Reserve System (Federal Reserve) in response to the Advance Notice of Proposed Rulemaking, “Community Reinvestment Act Regulations” (ANPR). CBA and our members support the goals of the Community Reinvestment Act (CRA) and believe banks have an affirmative...
February 10, 2021Dear Chairman Nadler, Chairman Cicilline, Ranking Member Jordan, and Ranking Member Buck: I write on behalf of the Consumer Bankers Association (CBA) regarding the hearing scheduled for Thursday, February 11, 2021: “Justice Restored: Ending Forced Arbitration and Protecting Fundamental Rights.” CBA is the voice of the retail banking industry whose products and services provide access to credit...
February 8, 2021Dear Acting Administrator Perriello: On behalf of the Consumer Bankers Association (“CBA)”, its member banks and millions of small businesses across the country, I write to express deep concern over significant problems implementing this latest round of the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”), which continue to delay funds for a large portion of small...
February 4, 2021Ladies and Gentlemen: The undersigned financial services trades welcome the opportunity to comment on the Consumer Financial Protection Bureau (CFPB)’s Advanced Notice of Proposed Rulemaking regarding consumer access to financial records. We believe that responsible innovation in financial services will continue to benefit customers as it has throughout history. The use of data plays a critical...
February 4, 2021To Whom It May Concern, The undersigned trade associations appreciate the opportunity to comment on the Office of the Comptroller of the Currency (OCC’s) Notice of Proposed Rulemaking on Community Reinvestment Act Evaluation Benchmarks (NPR). This rulemaking would establish a framework for setting the performance metrics for purposes of the agency’s June 2020 CRA Rule. In conjunction with the NPR...
February 2, 2021Dear Chairwoman Murray and Ranking Member Burr: On behalf of the Education Funding Committee of the Consumer Bankers Association (CBA) congratulations to you both on your new roles leading the Senate HELP Committee! This is a well-deserved recognition of your years of service to our nation and we look forward to our continuing work together. We are writing today to share the views of the CBA...
January 25, 2021Dear Chairwoman Waters and Ranking Member McHenry: Congratulations on beginning another term as Chairwoman and Ranking Member of the House Financial Services Committee for the 117th Congress. The Consumer Bankers Association (CBA) looks forward to working with you and the members of the Financial Services Committee on issues that affect consumers and our members during these unprecedented times...
Joint BPI and CBA Comment Letter re Implementing the Paycheck Protection Program