Consumer Protection
June 23, 2022Dear Chairwoman Schakowsky and Ranking Member Bilirakis: On behalf of the financial services trade associations listed above, we are pleased to submit these comments regarding the American Data Privacy and Protection Act (ADPPA)(H.R. 8152). Our members are strong proponents of protecting consumer data and privacy and have done so for a very long time because protecting consumer financial data is...
June 22, 2022WASHINGTON, DC – Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued an Advanced Notice of Proposed Rulemaking (ANPR) regarding credit card fees. “Today’s announcement is another reminder the Bureau appears more interested in advancing a particular agenda than developing fact-based...
June 21, 2022Dear Mr. Sheesley: We, the undersigned banking trade associations, write to collectively voice our concern with the FDIC’s recent decision to summarily eliminate the Office of Supervisory Appeals (“the OSA”) and reinstate the agency’s Supervision Appeals Review Committee (“the SARC”). The Associations strongly object to the FDIC’s decision on substantive and procedural grounds. Not only do we...
May 31, 2022Dear Director Chopra, The American Bankers Association and Consumer Bankers Association (the Associations) appreciate the opportunity to comment on the Consumer Financial Protection Bureau’s (Bureau, or the CFPB) procedural rule amending the risk-determination procedures applicable to the Bureau’s exercise of supervisory authority over a nonbank entity that may “pose[] risks to consumers”...
May 31, 2022Dear Mr. Sheesley: The Bank Policy Institute (BPI), the Consumer Bankers Association (CBA) and the Mid-Size Bank Coalition of America (MBCA) submit this letter in response to the March 31, 2022, request of the Federal Deposit Insurance Corporation (FDIC) for “comments regarding the effectiveness of [all aspects of] the existing framework in meeting requirements of . . . the Bank Merger Act.” In...
April 11, 2022Director Chopra, This letter is submitted by the Consumer Bankers Association (“CBA”) in response to the Consumer Financial Protection Bureau’s (“Bureau”) Request for Information (the “Request”) regarding fees imposed by providers of consumer financial products or services. CBA has several concerns with the Request’s portrayal of consumer finance markets. First, fee amounts and fee disclosures...
March 25, 2022Dear Director Chopra: The Consumer Bankers Association (CBA) 1 appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (CFPB or Bureau) request for comments on Buy-Now-Pay-Later (BNPL) in the United States. Not only are BNPL products very popular with consumers, but they can also play a positive role in consumers’ lives by making a purchase possible and extending...Pages
Joint Trades Comment Letter on FDIC DIF Assessment Rates