Comment Letters

  • February 9, 2022
    Director Chopra: The Consumer Bankers Association (CBA) writes to urge the Consumer Financial Protection Bureau (Bureau) to supervise nonbank small business lenders. While banks are typically the first place that small businesses consider when seeking a loan, the landscape for business lending has changed substantially in recent years, with alternative banking options offered by financial...
  • January 24, 2022
    Dear Director Chopra, The American Bankers Association, 1 Consumer Bankers Association, 2 Credit Union National Association, 3 National Association of Federally-Insured Credit Unions, 4 and National Bankers Association 5 write in response to the two overdraft research reports that the Consumer Financial Protection Bureau issued on December 1, 2021. 6 As expected, these reports have stimulated...
  • January 21, 2022
    Ladies and Gentlemen: The American Bankers Association, Consumer Bankers Association, Housing Policy Council, and Mortgage Bankers Association (collectively, the Associations), on behalf of our respective members, appreciate the opportunity to respond to the Consumer Financial Protection Bureau’s (the Bureau) Request for Information (RFI) to inform the Bureau on a planned assessment of the 2015...
  • December 14, 2021
    Dear Senator Scott: On behalf of the Consumer Bankers Association (“CBA”), I write to express our strong support for S. 3382, which would prohibit the Administrator of the Small Business Administration (SBA) from directly making loans under the 7(a) loan program. This bill is vitally important as lawmakers continue to deliberate a proposal contained within the Build Back Better bill that would...
  • December 6, 2021
    To Whom It May Concern: The Consumer Bankers Association (CBA) and the American Bankers Association (ABA) appreciates the opportunity to submit comments to the Consumer Financial Protection Bureau (Bureau) in response to the Bureau’s notice and request for comment regarding the Bureau’s inquiry into big tech payment platforms. CBA and ABA support the Bureau’s focused efforts to prevent regulatory...
  • November 24, 2021
    Dear Ranking Member Luetkemeyer: On behalf of the Consumer Bankers Association (“CBA”), I write to express our strong support for H.R. 6037, which would prohibit the Administrator of the Small Business Administration (SBA) from directly making loans under the 7(a) loan program. This bill is vitally important as lawmakers continue to deliberate a proposal contained within the Build Back Better...
  • November 1, 2021
    Dear Chairman Brown and Ranking Member Toomey: We, the undersigned organizations, support federal legislation to address “tough legacy” contracts that currently reference LIBOR. We respectfully request the Committee move judiciously in enacting LIBOR legislation. There are trillions of dollars of outstanding contracts, securities, and loans that use LIBOR for their interest rates but do not have...
  • October 27, 2021
    Dear Representative Ferguson: On behalf of the Consumer Bankers Association (“CBA”), I write to express our support for H.R.5586, the Prohibiting IRS Financial Surveillance Act. This bill is vitally important as lawmakers continue to deliberate proposals that would require banks to provide the IRS with details and data on the accounts of customers who deposit or withdrawal $600 annually. Congress...
  • October 27, 2021
    Dear Senator Scott: On behalf of the Consumer Bankers Association (“CBA”), I write to express our support for S. 3056, the Prohibiting IRS Financial Surveillance Act. This bill is vitally important as lawmakers continue to deliberate proposals that would require banks to provide the IRS with details and data on the accounts of customers who deposit or withdrawal $600 annually. Congress must...
  • October 27, 2021
    Dear Senator Scott: On behalf of the Consumer Bankers Association (“CBA”), I write to express our support for S. 3056, the Prohibiting IRS Financial Surveillance Act. This bill is vitally important as lawmakers continue to deliberate proposals that would require banks to provide the IRS with details and data on the accounts of customers who deposit or withdrawal $600 annually. Congress must...

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