Comment Letters
June 9, 2020Dear Mr. Feldman, The Consumer Bankers Association (“CBA”) appreciates the opportunity to offer our views on the Federal Deposit Insurance Corporation’s (“FDIC” or “the agency”) Notice of Proposed Rulemaking (“the NPR” or “the proposed rule” or “the proposal”) concerning the FDIC’s regulatory approach to brokered deposits. CBA believes the agency’s regulatory approach to brokered deposits must be...
June 2, 2020June 2, 2020 The Honorable Marco Rubio Chairman Committee on Small Business & Entrepreneurship U.S. Senate 428A Russell Senate Office Building Washington, D.C. 20510 The Honorable Ben Cardin Ranking Member Committee on Small Business & Entrepreneurship U.S. Senate 428A Russell Senate Office Building Washington, D.C. 20510 The Honorable Nydia M. Velázquez Chairwoman Committee on Small...
June 1, 2020Dear Director Kraninger, Throughout the novel COVID-19 pandemic, the Consumer Bankers Association (CBA) and our members have worked diligently to protect the financial wellbeing of consumers across the country. Since this unprecedented threat emerged, CBA members have engaged in a host of financial relief and recovery options for customers, aimed at promoting financial safety and security. We...
June 1, 2020Re: Bureau of Consumer Financial Protection Request for Information to assist the Taskforce on Federal Consumer Financial Law, Docket No. CFPB-2020-0013. Mr. Weber: The Consumer Bankers Association (CBA) appreciates the Consumer Financial Protection Bureau (Bureau) issuing its Request for Information to assist the Taskforce on Federal Consumer Financial Law (RFI). CBA feels the Taskforce on...
May 21, 2020Dear Ms. Dortch: The American Bankers Association (ABA), American Financial Services Association, Consumer Bankers Association, Credit Union National Association, Independent Community Bankers of America, Mortgage Bankers Association, and National Association of Federally-Insured Credit Unions1 (collectively, the Associations) appreciate the opportunity to submit this reply comment in support of...
May 14, 2020The Honorable Nancy Pelosi The Honorable Kevin McCarthy Speaker of the House House Minority Leader H-232 U.S. Capitol H-204 U.S. Capitol Washington, D.C. 20515 Washington, D.C. 20515 Dear Speaker Pelosi and Leader McCarthy: Thank you for your continued leadership as our nation rises to meet the challenges posed by the COVID-19 crisis and for your efforts to support our economy during this time...
May 13, 2020May 12, 2020 The Honorable Steven T. Mnuchin Secretary U.S Department of Treasury 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 The Honorable Jovita Carranza Administrator Small Business Administration 409 Third Street, SW Washington, D.C. 20416 Dear Secretary Mnuchin and Administrator Carranza: We write on behalf of the Consumer Bankers Association (CBA) and the National Association of...
April 29, 2020Dear Senator Cunningham: I am writing on behalf of the members of the Consumer Bankers Association (CBA) to express opposition to Senate Bill 2358 as currently drafted. CBA usually comments on federal policy, but we consider it necessary to weigh in on this legislation because it would conflict with national safety and soundness practices and potentially disrupt credit markets nationally. We are...
April 28, 2020April 28, 2020 The Honorable Jovita Carranza Administrator U.S. Small Business Administration 409 3rd Street, S.W. Washington, D.C. 20460 Dear Administrator Carranza: As trade associations representing banks and credit union members across the country actively participating in the Small Business Administration’s Paycheck Protection Program (PPP), we are reaching out to share our continuing...
CBA Letter - SBC Hearing on CARES Act Implementation