Comment Letters
- February 7, 2024To Whom It May Concern: The American Bankers Association and the Consumer Bankers Association (together, “the Associations”) appreciate the opportunity to comment on the Federal Trade Commission’s (“FTC”) notice of proposed rulemaking (“NPRM”) on Unfair or Deceptive Fees (“the Proposed Rule”). Both the Associations support the FTC’s objective of ensuring that consumers understand the prices and...
- January 31, 2024Dear Chairman Brown and Ranking Member Scott: The Consumer Bankers Association (CBA) submits the following comments for the hearing titled “Examining Scams and Fraud in the Banking System and Their Impact on Consumers.” We appreciate the Committee’s attention to these issues. CBA is the voice of the retail banking industry whose products and services provide access to credit to millions of...
- January 24, 2024Executive Summary The Durbin Amendment limits interchange fees that banks charge for processing merchant debit card transactions, requiring them to be “reasonable and proportional” to the card-issuing bank’s costs. The Federal Reserve Board enacted Regulation II in 2011 to enforce the Durbin Amendment. It set fee caps that reduced covered debit interchange fees by more than 40 percent. In...
- January 24, 2024The Consumer Bankers Association (“CBA”) is America’s only member-driven trade association focused exclusively on retail banking.1 Since 1919, CBA has partnered with member banks to promote sound policy, prepare the next generation of diverse bankers to lead the industry, and enable consumers’ individualized approaches to the American dream. In the summer of 2023, our nation’s prudential bank...
- January 24, 2024Click here to view the slide deck
- January 16, 2024To Whom it May Concern: The Consumer Bankers Association (“CBA”) is America’s only member-driven trade association focused exclusively on retail banking.1 Since 1919, CBA has partnered with member banks to promote sound policy, prepare the next generation of diverse bankers to lead the industry, and enable consumers’ individualized approaches to the American dream. We write to provide comment on...
- January 16, 2024Director Chopra, One of the pillars of The Dodd-Frank Act created and granted the Consumer Financial Protection Bureau (CFPB) the authority to ensure responsible practices in consumer finance. This authority includes providing clear information for informed decisions, protecting against unfair practices, addressing unnecessary regulations, enforcing consistent financial laws, and promoting...
- January 12, 2024Dear Mr. Sheesley: The American Bankers Association and the Consumer Bankers Association (the Associations) are pleased at the opportunity to comment on the proposed Federal Deposit Insurance Corporation (FDIC) regulations, RIN 3064-AF92: Amending FDIC regulations to conform with the Fair Hiring in Banking Act (FHBA) (the Proposed Regulations). Section 19 of the Federal Deposit Insurance Act (...
CBA-BPI Reg II Overview