Legislative Activity

  • April 14, 2021
    Dear Chair Perlmutter and Ranking Member Luetkemeyer: On behalf of the Consumer Bankers Association (CBA), I write to share our views on special purpose charters, specifically regarding parent companies of industrial banks and industrial loan companies (ILCs) in advance of the House Subcommittee on Consumer Protection & Financial Institutions hearing entitled “Banking Innovation or Regulatory...
  • March 15, 2021
    Dear Senators Cardin, Collins and Shaheen and Representatives Velazquez, Luetkemeyer, Bourdeaux and Kim: The undersigned organizations are writing to thank you for your bicameral leadership and swift bipartisan action to provide relief to America’s small businesses through this economic emergency. We strongly support the PPP Extension Act of 2021, which will extend the Small Business...
  • March 10, 2021
    Dear Chair Perlmutter and Ranking Member Luetkemeyer: Thank you for your continued leadership as our nation rises to meet the challenges posed by the COVID-19 crisis and for your efforts to support consumers and our economy during this time. This letter includes our views on a number of legislative proposals scheduled for consideration during your Subcommittee hearing on Thursday, March 11...
  • March 5, 2021
    Dear Chairmen Cardin, Chairwoman Velazquez, and Ranking Members Paul and Luetkemeyer: We the undersigned trade associations, representing thousands of banks and credit unions that serve America’s small businesses, write to request that you urge the U.S. Small Business Administration (SBA) to make every effort to clear the thousands of loan holds currently in the Paycheck Protection Program (PPP...
  • March 3, 2021
    Dear Acting Administrator Perriello, We appreciate the SBA’s interest in views on additional guidance that would be helpful to borrowers and lenders. As you are well aware, in accordance with the Economic Aid Act, commitment authority for the Paycheck Protection Program is set to end on March 31, 2021. Despite this fast approaching date, numerous issues related to loan origination remain in need...
  • February 25, 2021
    Commissioner Chopra, Consumer Bankers Association (CBA) congratulates you on your nomination as the next Director of the CFPB. We have worked with every CFPB Director since the Bureau’s creation to champion the consumer benefits of retail banking and advocate for sound banking policy and welcome the opportunity to work with you to achieve the shared mission of ensuring “financial markets work for...
  • February 23, 2021
    Dear Speaker Pelosi, Majority Leader Schumer, Minority Leader McCarthy and Minority Leader McConnell: The undersigned consumer and banking industry organizations write to express our strong support to insert language into the American Rescue Plan Act of 2021 to protect the next round of economic impact payments in that bill from assignment and garnishment. The attached language mirrors the...
  • February 10, 2021
    Dear Chairman Nadler, Chairman Cicilline, Ranking Member Jordan, and Ranking Member Buck: I write on behalf of the Consumer Bankers Association (CBA) regarding the hearing scheduled for Thursday, February 11, 2021: “Justice Restored: Ending Forced Arbitration and Protecting Fundamental Rights.” CBA is the voice of the retail banking industry whose products and services provide access to credit...
  • January 25, 2021
    Dear Chairwoman Waters and Ranking Member McHenry: Congratulations on beginning another term as Chairwoman and Ranking Member of the House Financial Services Committee for the 117th Congress. The Consumer Bankers Association (CBA) looks forward to working with you and the members of the Financial Services Committee on issues that affect consumers and our members during these unprecedented times...
  • January 25, 2021
    Dear Chairman Brown and Ranking Member Toomey: Congratulations on your new positions as Chairman and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee for the 117th Congress. The Consumer Bankers Association (CBA) looks forward to working with you and the members of the Banking Committee on issues that affect consumers and our members during these unprecedented times. CBA...

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