Comment Letters

  • July 26, 2023
    Dear Chairman Warnock and Ranking Member Tillis: The Consumer Bankers Association (CBA) is pleased to submit this letter for the hearing entitled “Taking Account of Fees and Tactics Impacting Americans’ Wallets” focused on fees assessed to consumers for banking and non-banking products. CBA is the voice of the retail banking industry whose products and services provide access to credit to...
  • July 19, 2023
    Dear Chairman Cardin and Ranking Member Ernst: As the leading organizations representing virtually all of the thousands of lenders participating in the U.S. Small Business Administration’s (SBA) 7(a) loan program, we write to express our appreciation for your leadership in responding to issues arising from recent policy changes made to the 7(a) program by SBA. We support the mission of the 7(a)...
  • July 19, 2023
    Dear Chairman McHenry and Ranking Member Waters: On behalf of the Credit Union National Association, American Bankers Association, the Consumer Bankers Association, and our member banks and credit unions, we write to offer our shared perspectives and concerns with proposed stablecoin legislation under consideration by the Committee. Throughout the last year, we have engaged the Committee by...
  • July 14, 2023
    Dear Majority Leader Schumer, Minority Leader McConnell, Speaker McCarthy, Minority Leader Jeffries, Chairman Reed, Ranking Member Wicker, Chairman Rogers, and Ranking Member Smith: The undersigned national trade associations, representing virtually all banks and credit unions, including those primarily serving military-affiliated customers and members, write to express our strong opposition to...
  • July 10, 2023
    SUMMARY OF ARGUMENT: The Bureau’s funding scheme is historically unique—and unconstitutional. The Bureau is endowed with “vast authority.” Seila Law LLC v. CFPB, 140 S. Ct. 2183, 2210 (2020). Its jurisdiction encompasses not only consumer financial-services companies, but also individuals and businesses that engage in any of ten specified consumer financial activities that are common throughout...
  • July 3, 2023
    Dear Director Chopra: The Bank Policy Institute, American Financial Services Association, Consumer Bankers Association, Credit Union National Association, Mortgage Bankers Association, and the U.S. Chamber of Commerce are providing these comments in response to the Consumer Financial Protection Bureau’s Statement of Policy Regarding the Prohibition on Abusive Acts or Practices (Docket No. CFPB–...
  • July 3, 2023
    To Whom it May Concern: The Consumer Bankers Association (“CBA”)1 appreciates the opportunity to submit comments2 to the Consumer Financial Protection Bureau (the “Bureau”) in response to the policy statement regarding the prohibition on abusive acts or practices (the “Policy Statement”).3 We would like to thank Director Rohit Chopra for recognizing CBA as a leading voice of the financial...
  • June 8, 2023
    Dear Chairman Brown and Ranking Member Scott The Consumer Bankers Association (CBA) submits the following comments for the hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” We appreciate the committee’s continued oversight of the Consumer Financial Protection Bureau (CFPB or Bureau) and its activities. CBA is the voice of the retail banking industry...
  • June 8, 2023
    Dear Chairman McHenry and Ranking Member Waters: The Consumer Bankers Association (CBA) submits the following comments for the hearing entitled “The Semi-Annual Report of the Bureau of Consumer Financial Protection.” We appreciate the committee’s continued oversight of the Consumer Financial Protection Bureau (CFPB or Bureau) and its activities. CBA is the voice of the retail banking industry...
  • May 10, 2023
    Dear Chairman Womack and Ranking Member Hoyer: The Consumer Bankers Association (CBA) respectfully submits this letter for the subcommittee’s consideration of fiscal year 2024 Financial Services and General Government (FSGG) appropriations. 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...

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