Legislative Activity
May 30, 2023The Consumer Bankers Association (CBA) and other leading financial trades today issued the following statement on the recently announced agreement to raise the federal debt ceiling: “We are encouraged that the Administration and Congressional leaders have reached a bipartisan agreement to raise the federal debt ceiling. America’s capital markets are the strongest, deepest, and most liquid in the...
May 10, 2023Dear Chairman Womack and Ranking Member Hoyer: The Consumer Bankers Association (CBA) respectfully submits this letter for the subcommittee’s consideration of fiscal year 2024 Financial Services and General Government (FSGG) appropriations. CBA is the voice of the retail banking industry whose products and services provide access to credit to millions of consumers and small businesses. Our...
April 25, 2023Dear Chairman McHenry and Ranking Member Waters: The Consumer Bankers Association (CBA) submits this letter for the committee’s April 26, 2023 markup of bills. 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 and services provide access to credit...
April 14, 2023Dear Chairman McHenry and Ranking Member Waters: The undersigned trade associations write regarding the increasing threat credit repair scams pose to consumers and the credit markets. 1 Credit repair organizations exploit the most vulnerable Americans and inundate creditors and credit bureaus with meritless and duplicative claims that information in a credit report is inaccurate. These activities...
April 10, 2023The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) today released the Q4 2022 Small Business Lending Trends analysis , examining key credit information for America’s small businesses. The report reflects the ongoing economic headwinds impacting small business credit, including persistent inflation and interest rate hikes. Key Findings Delinquency increased...
March 24, 2023Dear Chairman Meuser and Ranking Member Landsman: The Consumer Bankers Association (CBA) is pleased to submit this letter for the hearing entitled “The End of Relationship Banking? Examining the CFPB’s “Small Business Lending Data Collection” Rule” focused on the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”) notice of proposed rulemaking for Small Business Lending Data Collection...
March 9, 2023In a new letter to the House Financial Services Subcommittee on Financial Institutions and Monetary Policy ahead of its hearing entitled “Consumer Financial Protection Bureau: Ripe for Reform,” the Consumer Bankers Association (CBA) outlined specific recommendations to reform the Consumer Financial Protection Bureau (CFPB). In the letter, CBA President and CEO Lindsey Johnson highlighted concerns...
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...
March 2, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement after the House Financial Services Committee held a markup to advance the Data Privacy Act, legislation proposed by Chairman Patrick McHenry (R-NC) that would bolster the protection of consumers’ personal financial information: “America’s leading banks remain fully committed to protecting...
CBA Letter in Support of the Transparency in CFPB Cost-Benefit Analysis Act (S.1362)