Comment Letters
March 16, 2023Dear Director Chopra: The Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Credit Union National Association, and the National Association of Federally-Insured Credit Unions1 are writing with respect to the Consumer Financial Protection Bureau’s notice of proposed rulemaking regarding Credit Card Penalty Fees (Regulation Z).2 The NPR proposes sweeping changes to...
March 8, 2023Dear Chairman Barr and Ranking Member Foster: The Consumer Bankers Association (CBA) is pleased to submit this letter for the hearing entitled “Consumer Financial Protection Bureau: Ripe for Reform.” We appreciate the committee’s attention to meaningful CFPB reforms to ensure a safe and well-functioning financial services marketplace. CBA is the voice of the retail banking industry whose products...
February 28, 2023Dear Director Chopra: The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions, and National Bankers Association, representing banks and credit unions across the regulated financial system, write with respect to the comment deadline for...
February 27, 2023Dear Chairman McHenry and Ranking Member Waters: The Consumer Bankers Association (CBA) submits this letter for the committee’s February 28, 2023 markup of bills. We appreciate the committee’s continued attention to consumer data privacy and the need for consistent privacy protections. CBA is the voice of the retail banking industry whose products and services provide access to credit to millions...
February 10, 2023Dear Ms. Misback: The American Bankers Association (“ABA”), Consumer Bankers Association (“CBA”), Credit Union National Association (“CUNA”), National Association of Federally-Insured Credit Unions (“NAFCU”), and The Clearing House (“TCH”), which together represent virtually all of the Nation’s regulated financial institutions, write to request that the Board of Governors of the Federal Reserve...
February 6, 2023Dear 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...
January 26, 2023Dear Director Chopra: As the financial services industry awaits the finalization of the Bureau’s rulemaking for Small Business Lending Data Collection under the Equal Credit Opportunity Act (“the Section 1071 Rule”), the Consumer Bankers Association (CBA)1 requests that the Bureau immediately, upon the publication of a final Section 1071 Rule, establish industry-wide working groups and channels...
January 25, 2023To Whom it May Concern: The Consumer Bankers Association (CBA) appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (the Bureau) Small Business Regulatory Enforcement Fairness Act (SBREFA) outline concerning consumers’ personal financial data rights and the pending rulemaking pursuant to Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act...
January 25, 2023Ladies and Gentlemen: The undersigned financial services trades welcome the opportunity to comment on the Consumer Financial Protection Bureau’s Outline of Proposals regarding its rulemaking on Personal Financial Data Rights. We jointly write to elevate a necessary and foundational precept in any rulemaking undertaken by the CFPB under section 1033 of the Dodd-Frank Act. Our paramount concern is...
CBA Submits Letter to House Small Business Committee ahead of Hearing entitled, "The End of Relationship Banking? Examining the CFPB’s 'Small Business Lending Data Collection' Rule”