Privacy

Data security and, specifically, the safeguarding of personal financial information, are primary concerns for consumers and their banks. Banks have consistently been rated highly in surveys of consumer confidence regarding security of customer information, while continuing to develop innovative methods of fighting identity fraud. CBA supports national uniformity for information security rules, rather than allowing a patch-work of state and local laws and regulations. CBA advocates clear, uniform and flexible rules that will facilitate compliance and provide latitude for fraud experts at financial institutions to continue to create dynamic solutions to address the challenges of information security.
  • May 26, 2015
    May 26, 2015 Ms. Monica Jackson Consumer Financial Protection Bureau Office of the Executive Secretary 1700 G Street, NW Washington, D.C. 20552 Re: Request for Information Regarding the Consumer Complaint Database Docket No. CFPB-2015-0013 Dear Ms. Jackson, The Consumer Bankers Association (“CBA”) [1] appreciates the opportunity to respond to the Request for Information Regarding the Consumer...
  • May 14, 2015
    May 14, 2015 Statement for the Record On behalf of the American Bankers Association Consumer Bankers Association Credit Union National Association Independent Community Bankers of America National Association of Federal Credit Unions The Clearing House before the Financial Services Committee United States House of Representatives Chairman Hensarling, Ranking Member Waters, and members of the...
  • April 16, 2015
    April 16, 2015 The Honorable Roy Blunt U.S. Senate Washington, D.C. 20510 The Honorable Tom Carper U.S. Senate Washington, D.C. 20510 Dear Senator Blunt and Senator Carper: On behalf of the members of the undersigned financial services trade associations, we are writing to express our strong support for the Data Security Act of 2015 (S. 961). Your bill is especially timely in light of the recent...
  • April 16, 2015
    Washington, D.C. (April 16, 2015) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), released the following statement in response to the introduction of the Data Security Act of 2015 (S.961), sponsored by Senators Tom Carper (D-Del.) and Roy Blunt (R-Mo.). “Given the alarming number of cyber threats, our chief mission must be to achieve a fair, reasonable and uniform...
  • April 16, 2015
    April 16, 2015 The Honorable Roy Blunt United States Senate 260 Russell Senate Office Building Washington, DC 20510 The Honorable Thomas Carper United States Senate 513 Hart Senate Office Building Washington, DC 20510 Dear Senator Blunt and Senator Carper: Since 2005, there have been more than 5,000 reported data breaches involving an estimated 675 million records.1 In a single year from 2013 to...
  • April 13, 2015
    April 13, 2015 The Honorable Mitch McConnell U.S. Senate Washington, D.C. 20510 The Honorable Harry Reid U.S. Senate Washington, D.C. 20510 Dear Majority Leader McConnell and Minority Leader Reid: The undersigned financial services trade associations are writing in strong support of S.754, the “Cybersecurity Information Sharing Act of 2015,” or CISA. This bipartisan legislation was recently...
  • March 30, 2015
    March 30, 2015 Mr. Henry Wixon Chief Counsel National Institute of Standards and Technology 100 Bureau Drive, Stop 1052 Gaithersburg, MD 20899-1052 Re: Docket Number: 141219001-4999-02; RIN 0692-AA21 Certification Program for Access to the Death Master File Notice of proposed rulemaking; request for comments Dear Mr. Wixon, On behalf of the Consumer Bankers Association (“CBA”), [1] I am pleased...
  • March 23, 2015
    At CBA LIVE 2015 Gallup Reveals “Trust, Engagement and Exceptional Omnichannel” Consumer trust in security and technology is key to the adoption of technology channels and digital wallets Consumers “want it all,” with every physical and digital touchpoint important to customer engagement Distribution network and technology lag behind in driving perceived “excellent value”; consumers want a...
  • March 23, 2015
    March 23, 2015 The Honorable Jeb Hensarling, Chairman The Honorable Maxine Waters, Ranking Member Committee on Financial Services United States House of Representatives Washington, DC 20515 Dear Chairman Hensarling and Ranking Member Waters: The undersigned trade associations support H.R. 601, the Eliminate Privacy Notice Confusion Act, authored by Representative Blaine Luetkemeyer and...
  • March 18, 2015
    March 18, 2015 Chairman Michael C. Burgess Ranking Member Janice Schakowsky Subcommittee on Commerce, Subcommittee on Commerce, Manufacturing and Trade Manufacturing and Trade Committee on Energy and Commerce Committee on Energy and Commerce United State House of Representatives United State House of Representatives Washington, D.C. 20515 Washington, D.C. 20515 Statement for the Record for the...

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