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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • January 24, 2024

ABA Statement on CFPB Proposal to Regulate Fees it Says Banks Don’t Charge

“Today’s CFPB press release conjures up a bank fee that the Bureau itself concedes few – if any – banks charge and proposes a rule to prevent banks from charging this mysterious fee in the future. As an independent regulator, the Bureau should leave politics to the campaign trail.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $23.7 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $18.8 trillion in deposits and extend $12.5 trillion in loans.

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