Legislative Activity

  • 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 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...
  • 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...
  • May 14, 2020
    The Honorable Nancy Pelosi The Honorable Kevin McCarthy Speaker of the House House Minority Leader H-232 U.S. Capitol H-204 U.S. Capitol Washington, D.C. 20515 Washington, D.C. 20515 Dear Speaker Pelosi and Leader McCarthy: 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 our economy during this time...
  • April 29, 2020
    Dear Senator Cunningham: I am writing on behalf of the members of the Consumer Bankers Association (CBA) to express opposition to Senate Bill 2358 as currently drafted. CBA usually comments on federal policy, but we consider it necessary to weigh in on this legislation because it would conflict with national safety and soundness practices and potentially disrupt credit markets nationally. We are...
  • February 12, 2020
    Federal Reserve Chairman Jerome Powell testified today before the Senate Banking, Housing, and Urban Affairs Committee for his semiannual monetary policy report to Congress. Key Takeaways: Republicans and Democrats alike stressed the importance of Fed independence and encouraged Chairman Powell to maintain that posture in all matters. On economic issues, several Republican Senators lauded the...
  • February 12, 2020
    The House Financial Services Subcommittee on Diversity and Inclusion held a hearing today examining diversity and inclusion (D&I) accountability at large banks and reviewed a report conducted by the committee which evaluated D&I practices at the nation's largest banks. A full hearing summary prepared by the CBA Team is available here .
  • February 4, 2020
    The House Financial Services Committee held a hearing today titled “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.” Chairwoman Waters (D-CA) opened the hearing by emphasizing the harmful impacts payday lending and rent-a-bank schemes having on consumers, particularly referencing the OCC and FDIC’s proposed rule as providing “...
  • January 28, 2020
    January 28, 2020 The Honorable Nancy Pelosi Speaker of the House U.S. House of Representatives The Capitol H-232 Washington, DC 20515 The Honorable Kevin McCarthy House Majority Leader U.S. House of Representatives The Capitol H-204 Washington, DC 20515 Dear Speaker Pelosi and Majority Leader McCarthy: On behalf of the Consumer Bankers Association (CBA), I am writing in opposition to H.R. 3621,...

Pages