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.
  • June 18, 2015
    The banking industry, which wanted curbs on costly lawsuits over unwanted robo-calls to consumers, was dealt a rebuke Thursday by the Federal Communications Commission. In a party-line vote, the FCC approved new robo-calling rules that mostly rejected the entreaties of banks and other companies. For bankers, the 3-2 vote represents a reversal of fortune. Early this year, industry representatives...
  • June 18, 2015
    Federal regulators gave a thumbs down today to requests from bankers, telemarketers and debt collectors that could have made robocalls as routine on cellphones as they are on household landlines. The Federal Communications Commission voted 3-to-2 along party lines to adopt rules that enhance consumer protections from unwanted calls and text messages to their cell phones. The commission's three...
  • June 4, 2015
    Associate Inspector General Melissa Heist Office of Inspector General,Audits and Evaluations Division Board of Governors of the Federal Reserve System Bureau of Consumer Financial Protection 20th Street and Constitution Avenue NW Mail Stop K-300 Washington,DC 20551 Dear Associate Inspector General Heist: We would like to thank you and members of your staff for meeting with us on May 7,2015. As we...
  • 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...

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