Comment Letters
March 4, 2022Dear Chairman Brown and Ranking Member Toomey: I write on behalf of the Consumer Bankers Association (CBA) regarding the hearing entitled “Examining Mandatory Arbitration in Financial Service Products.” CBA is the voice of the retail banking industry whose products and services provide access to credit for consumers and small businesses. Our members operate in all 50 states, serve more than 150...
February 18, 2022Jonathan Kanter Assistant Attorney General for the Antitrust Division U.S. Department of Justice 950 Pennsylvania Avenue, N.W., Washington, D.C. 20530. Dear Assistant Attorney General Kanter: The Consumer Bankers Association (CBA) 1 appreciates the opportunity to comment on the Department of Justice’s Antitrust Division’s (DOJ) request for comments as to whether and how the DOJ should revise the...
February 9, 2022Director 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, 2022Dear 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, 2022Ladies 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, 2021Dear 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, 2021To 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, 2021Dear 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, 2021Dear 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...
Joint Trade Comment Letter re Arbitration Hearing