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CBA Submits Comments ahead of Senate Banking Hearing titled “Examining Scams and Fraud in the Banking System and Their Impact on Consumers"
Dear 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 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.