Comment Letters
May 10, 2021Dear Committee Members: The undersigned trade associations represent banks, credit unions and related financial institutions of all sizes. We thank you for your interest in better understanding and addressing the causes of the “Tax Gap,” and we share your interest in ensuring taxpayers honor their obligations. Our associations agree the government must have adequate funding and resources to...
May 6, 2021Dear Majority Leader Schumer and Republican Leader McConnell: RE: Opposition to Senate Joint Resolution 15 (disapproval of OCC True Lender Rule) The undersigned trades associations, representing banks and financial services providers that serve millions of American consumers, write in opposition to Senate Joint Resolution 15. Changes should be made to the True Lender Rule (the final rule issued...
April 29, 2021Dear Senators Scott and Manchin: On behalf of the Consumer Bankers Association (CBA), I write to express our strong support for The Student Loan Disclosure Modernization Act. CBA is the voice of the retail banking industry whose members operate in all 50 states, serve more than 150 million Americans, and collectively hold two-thirds of the country’s total depository assets. CBA members are also...
April 22, 2021Dear Mr. Lowman: The undersigned associations appreciate the opportunity to comment on the Social Security Administration’s (“SSA”) proposed amendments to the User Agreement and Technical Specifications and Systems Security documents for participants in the SSA’s electronic Consent Based Social Security Number (“SSN”) Verification (“eCBSV”) Service, as well as the document titled “Addendum to the...
April 22, 2021Ladies and Gentlemen: The undersigned financial services trades respectfully request that the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Bureau of Consumer Financial Protection and National Credit Union Administration (collectively the “Agencies”) extend by thirty days the deadline for comments on the request...
April 19, 2021Dear Chair Waters and Ranking Member McHenry: On behalf of the Consumer Bankers Association (CBA), I am writing to share our views on two key pieces of legislation scheduled for consideration during your full Committee markup on Tuesday, April 20th. CBA is entering our 102nd year as the voice of retail banking in Washington, D.C. and strongly advocates for polices that allow banks to continue...
April 14, 2021Dear Chair Perlmutter and Ranking Member Luetkemeyer: On behalf of the Consumer Bankers Association (CBA), I write to share our views on special purpose charters, specifically regarding parent companies of industrial banks and industrial loan companies (ILCs) in advance of the House Subcommittee on Consumer Protection & Financial Institutions hearing entitled “Banking Innovation or Regulatory...
April 13, 2021Ladies and Gentlemen: The Consumer Bankers Association (“CBA”) appreciates the opportunity to comment on the notice of proposed rulemaking issued by the Office of the Comptroller of the Currency, the Board of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) relating to computer-security incident notification requirements for banks and their...
April 13, 2021Dear Chairwoman Warren and Ranking Member Kennedy: On behalf of the Education Funding Committee of the Consumer Bankers Association (CBA), I am writing to provide some information to members of the Subcommittee in advance of the April 13, 2021, hearing, “The Student Debt Burden and Its Impact on Racial Justice, Borrowers, & The Economy.” We appreciate the Subcommittee’s interest in student...
Joint Trades Comment Letter on Title VII of HR 2547