Legislative Activity

  • July 19, 2023
    Dear Chairman McHenry and Ranking Member Waters: On behalf of the Credit Union National Association, American Bankers Association, the Consumer Bankers Association, and our member banks and credit unions, we write to offer our shared perspectives and concerns with proposed stablecoin legislation under consideration by the Committee. Throughout the last year, we have engaged the Committee by...
  • July 14, 2023
    Dear Majority Leader Schumer, Minority Leader McConnell, Speaker McCarthy, Minority Leader Jeffries, Chairman Reed, Ranking Member Wicker, Chairman Rogers, and Ranking Member Smith: The undersigned national trade associations, representing virtually all banks and credit unions, including those primarily serving military-affiliated customers and members, write to express our strong opposition to...
  • June 16, 2023
    Lawmakers on both sides of the aisle and in both chambers of Congress this week joined the Consumer Bankers Association’s (CBA) call for the Consumer Financial Protection Bureau (CFPB) to be part of a whole-of-government investment in consumer education initiatives focused on scam identification and prevention. During CFPB Director Rohit Chopra’s Semi-Annual Report to the Senate Banking Committee...
  • June 12, 2023
    In new letters sent to the Senate Banking Committee and House Financial Services Committee ahead of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress this week, the Consumer Bankers Association (CBA) outlined legislative and regulatory recommendations necessary to fulfill the Bureau’s responsibility of protecting consumers and supporting a competitive financial...
  • June 8, 2023
    Dear Chairman Brown and Ranking Member Scott The Consumer Bankers Association (CBA) submits the following comments for the hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” We appreciate the committee’s continued oversight of the Consumer Financial Protection Bureau (CFPB or Bureau) and its activities. CBA is the voice of the retail banking industry...
  • June 8, 2023
    Dear Chairman McHenry and Ranking Member Waters: The Consumer Bankers Association (CBA) submits the following comments for the hearing entitled “The Semi-Annual Report of the Bureau of Consumer Financial Protection.” We appreciate the committee’s continued oversight of the Consumer Financial Protection Bureau (CFPB or Bureau) and its activities. CBA is the voice of the retail banking industry...
  • May 30, 2023
    The 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, 2023
    Dear 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...
  • May 10, 2023
    On behalf of the Consumer Bankers Association (CBA), I write to express our support for S. 1362, the Transparency in CFPB Cost-Benefit Analysis Act. This bill is an important component of CFPB reform and will help ensure the Bureau’s policies are grounded in sound data and evidence. Cost-benefit analysis is an important tool for regulators to use to balance the costs of implementing and complying...
  • April 25, 2023
    Dear 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...

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