- CBA on
- CBA Media
- CBA Washington
CBA Letter to House Financial Services Committee Ahead of “Revamping and Revitalizing Banking in the 21st Century" Hearing
Dear Chairman Barr and Ranking Member Foster:
The Consumer Bankers Association (CBA) submits this letter for the record for the hearing entitled “Revamping and Revitalizing Banking in the 21st Century.” We appreciate the committee’s continued attention to consumer data privacy and the formation of de novo banks. 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 50 states, serve more than 150 million Americans, and collectively hold two-thirds of the country’s total depository assets.
As the committee considers data privacy legislation, we urge Members to support strong national preemption and oppose a private right of action.