Comment Letters
September 15, 2022The market for personal loans is massive and growing, yet the fintechs and other non-bank lenders who make such loans are not subject to regular oversight by the Consumer Financial Protection Bureau (CFPB), which has “created an unlevel playing field and a large risk to consumers,” write the Consumer Bankers Association (CBA) and the Center for Responsible Lending (CRL). The groups jointly filed...
August 29, 2022August 29, 2022 Ann E. Misback Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW Washington, DC 20551 Re: Regulation Implementing the Adjustable Interest Rate (LIBOR) Act Docket No. R-1775, RIN 7100-AG34 Dear Ms. Misback: The Consumer Bankers Association (CBA)[1] is pleased to submit these comments on the Notice of Proposed Rulemaking (Proposal) by...
August 22, 2022August 22, 2022 Comment Intake – Relationship Banking Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Re: Docket No. CFPB-2022-0040 Re: Comments in Response to Request for Information Regarding Relationship Banking and Customer Service, Docket No. CFPB-2022-0040 To Whom it May Concern: The Bank Policy Institute,[1] the Consumer Bankers Association,[2] and the American...
August 19, 2022To whom it may concern, The undersigned Associations appreciate the opportunity to comment on the Federal Deposit Insurance Corporation’s notice of proposed rulemaking to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of achieving a Designated Reserve Ratio (DRR) of 2 percent of insured deposits...
August 5, 2022To Whom It May Concern: The Consumer Bankers Association (“CBA”) [1] is pleased to submit these comments to the Board of Governors of the Federal Reserve System (“Board”), the Office of the Comptroller of the Currency (“OCC”), and the Federal Deposit Insurance Corporation (“FDIC”) (collectively, the “Agencies”) on behalf of its members in response to the Joint Notice of Proposed Rulemaking (“NPR...
August 1, 2022Ladies and Gentlemen: The American Bankers Association (ABA), Consumer Bankers Association, Credit Union National Association, and National Association of Federally‐Insured Credit Unions (collectively, Associations) welcome the opportunity to comment on the Consumer Financial Protection Bureau’s (Bureau) Advance Notice of Proposed Rulemaking (ANPR) regarding credit card late fees and late...
July 25, 2022The Consumer Bankers Association (CBA) writes in opposition to H.R. 4277, the “Overdraft Protection Act”, that would restrict access to a safe emergency liquidity option, which provides a financial safety net for consumers. CBA is the voice of the retail banking industry whose products and services provide access to credit to millions of consumers and small businesses. Our members operate in all...
July 19, 2022Dear Speaker Pelosi and Minority Leader McCarthy: On behalf of the Consumer Bankers Association (CBA), I write in opposition to the “Postal Non-Banking Financial Services Modernization Pilot Program” included in the fiscal year 2023 Appropriations Act for Financial Services and General Government. CBA is the voice of the retail banking industry whose products and services provide access to credit...
June 23, 2022Dear Chairwoman Schakowsky and Ranking Member Bilirakis: On behalf of the financial services trade associations listed above, we are pleased to submit these comments regarding the American Data Privacy and Protection Act (ADPPA)(H.R. 8152). Our members are strong proponents of protecting consumer data and privacy and have done so for a very long time because protecting consumer financial data is...
Joint Trades Hill Letter on "Credit Card Competition Act of 2022"