Legislative Activity

  • July 27, 2021
    Dear Chair Warren and Ranking Member Kennedy: On behalf of the Education Funding Committee of the Consumer Bankers Association (CBA), I am writing to share our views for the July 27, 2021 hearing entitled “Protecting Student Loan Borrowers and the Economy in Upcoming Transitions.” We appreciate the Subcommittee’s continued interest in student loan debt and share your concerns about the negative...
  • July 23, 2021
    Dear Chairman Brown and Ranking Member Toomey: The undersigned trade associations, representing depository institutions that serve millions of American consumers, are pleased to share our views on pending legislative measures that propose to limit the fees and interest charged on consumer loans, such as bills that would impose a national “fee and interest rate” cap of 36%. Small dollar loans,...
  • June 30, 2021
    WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement in opposition to the Overdraft Protection Act, legislation re-introduced by Rep. Carolyn Maloney (D-NY) that threatens consumers’ access to safe and secure short-term liquidity: “Many customers who choose to participate in an overdraft program view it as a valuable service that enables...
  • June 24, 2021
    WASHINGTON – As the Administration and Congress evaluate proposals to address the nation’s federal student debt crisis, the Consumer Bankers Association supports improvements to federal higher education funding. In advance of Secretary Cardona’s Thursday testimony on Capitol Hill, CBA sent a letter to the House Committee on Education and Labor advocating for needed changes to federal student loan...
  • June 23, 2021
    Dear Chairman Scott and Dr. Foxx, On behalf of the Consumer Bankers Association (CBA), I am writing to share our views about education loans and higher education policy in advance of Secretary Cardona’s testimony before your Committee on Thursday, June 24. CBA is the voice of the retail banking industry whose members operate in all 50 states, serve more than 150 million Americans, and...
  • June 8, 2021
    Dear Speaker Pelosi and Minority Leader McCarthy: RE: Opposition to House Consideration of Senate Joint Resolution 15 (disapproval of OCC True Lender Rule) The undersigned trade associations, representing banks and financial services providers that serve millions of American consumers, write in opposition to Senate Joint Resolution 15 and urge the House to oppose this measure. The Joint...
  • May 21, 2021
    Dear Chairman Peters, Ranking Member Portman, Chairman Thompson, Ranking Member Katko, Chairman Warner, Ranking Member Rubio, Chairman Schiff, Ranking Member Nunes, Chairman Brown, Ranking Member Toomey, Chairman Waters and Ranking Member McHenry: As Congress considers ways to address our nation’s cybersecurity challenges, we strongly encourage an open and transparent legislative process that...
  • May 12, 2021
    Dear Speaker Pelosi and Minority Leader McCarthy, On behalf of the Consumer Bankers Association (CBA), I am writing to urge you to oppose the Comprehensive Debt Collection Improvement Act (H.R. 2547) being considered this week by the House of Representatives. CBA is entering our 102nd year as the voice of retail banking in Washington, D.C. and strongly advocates for polices that allow banks to...
  • May 11, 2021
    Dear Speaker Pelosi and Leader McCarthy: On behalf of the undersigned organizations, we are writing to express our views on H.R. 2547, the “Comprehensive Debt Collection Improvement Act,” sponsored by Chairwoman Waters of the House Financial Services Committee. Collectively, our organizations represent a broad and diverse constituency of lenders, servicers, and additional market participants that...
  • May 10, 2021
    Dear Committee Members: The undersigned trade associations represent banks, credit unions and related financial institutions of all sizes. We thank you for your interest in better understanding and addressing the causes of the “Tax Gap,” and we share your interest in ensuring taxpayers honor their obligations. Our associations agree the government must have adequate funding and resources to...

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