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Joint Trades Extension Request for Section 1033 NPRM Comment Period
Dear Director Chopra:
The American Fintech Council (AFC), the American Bankers Association (ABA), the American Financial Services Association (AFSA), the Bank Policy Institute (BPI), the Clearing House Association, the Community Development Bankers Association (CDBA), the Consumer Bankers Association (CBA), the Credit Union National Association (CUNA), the Electronic Transactions Association (ETA), the Independent Community Bankers of America (ICBA), the Innovative Lending Platform Association (ILPA), the National Association of Federally-Insured Credit Unions (NAFCU), the Online Lenders Alliance (OLA), the Professional Background Screening Association (PBSA), and the Securities Industry and Financial Markets Association (SIFMA) respectfully request an extension of the comment period of the notice of proposed rulemaking on Personal Financial Data Rights (NPRM) until 90 days after its publication in the Federal Register. The aforementioned associations represent companies of all sizes seeking to operate responsibly within the modern consumer reporting and banking system(s). These entities and their members will be significantly impacted by the NPRM and therefore require at least 90 days after publication in the Federal Register to properly consider the effects of the specific proposals within the NPRM.