Legislative Activity

  • July 25, 2022
    The Consumer Bankers Association (CBA) writes in opposition to H.R. 4277, the “Overdraft Protection Act”, that would restrict access to a safe emergency liquidity option, which provides a financial safety net for consumers. 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 members operate in all...
  • July 25, 2022
    In a new op-ed appearing this morning in American Banker, CBA President & CEO Lindsey Johnson urged policymakers to recognize the impact of recently unveiled bank-led overdraft innovations designed to expand choice, strengthen transparency, and lower costs for hardworking consumers. To read the full op-ed, click HERE or see below. CBA also sent a new letter to Congress today reiterating...
  • July 19, 2022
    Dear Speaker Pelosi and Minority Leader McCarthy: On behalf of the Consumer Bankers Association (CBA), I write in opposition to the “Postal Non-Banking Financial Services Modernization Pilot Program” included in the fiscal year 2023 Appropriations Act for Financial Services and General Government. CBA is the voice of the retail banking industry whose products and services provide access to credit...
  • May 25, 2022
    Dear Chairwoman Waters and Ranking Member McHenry, The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, National Association of Federally-Insured Credit Unions, National Bankers Association, and The Clearing House appreciate the opportunity to share this letter detailing our views on the topic of Central Bank Digital Currency (...
  • May 12, 2022
    The Consumer Bankers Association (CBA) today released the following statement after the United States Senate confirmed Jerome Powell to serve a second term as Chairman of the Federal Reserve Board of Governors: “Congratulations to Jerome Powell on his Senate confirmation to serve a second term as Chairman of the Federal Reserve. Throughout the COVID-19 pandemic, Chairman Powell has worked in...
  • May 4, 2022
    Statement for the Record On behalf of the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, and National Association of Federally-Insured Credit Unions before the United States Senate Committee on the Judiciary On behalf of their thousands of card-issuing members, the American Bankers Association, Bank Policy Institute, Consumer...
  • May 4, 2022
    Ahead of today’s Senate Judiciary Committee hearing examining interchange fees in the debit and credit card market, the Consumer Bankers Association (CBA) and other financial trades expressed shared opposition to any expansion of the Durbin Amendment. In a letter sent to Committee leadership and in written testimony submitted for the record, the groups outlined the harmful impact such efforts...
  • May 4, 2022
    Consumer Bankers Association (CBA) General Counsel and Senior Vice President, David Pommerehn, today testified before the Senate Banking Subcommittee on Financial Institutions and Consumer Protection during a hearing examining the overdraft marketplace. During the hearing, Pommerehn urged policymakers to recognize recent bank-led innovations and protect access to overdraft for the millions of...
  • May 3, 2022
    Tomorrow, Consumer Bankers Association (CBA) General Counsel and Senior Vice President, David Pommerehn, will testify before the Senate Banking Subcommittee on Financial Institutions and Consumer Protection for a hearing entitled, “ Examining Overdraft Fees and Their Effects on Working Families .” During the hearing, Pommerehn will focus on the following themes: Consumers Choose Overdraft For...
  • May 2, 2022
    Dear Chairman Durbin and Ranking Member Grassley, We are writing to express our strong opposition to any expansion of the Durbin Amendment through either antitrust or any other body of law. The Durbin Amendment, passed as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, imposed a cap on interchange fees for covered banks and credit unions, defined as those with assets of...

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