Agency Acronyms

CFPB - Bureau of Consumer Financial Protection
FRB – Board of Governors of the Federal Reserve System
FDIC – Federal Deposit Insurance Corporation
OCC – Office of the Comptroller of the Currency
FinCEN – Financial Crimes Enforcement Network
NCUA – National Credit Union Administration
FEMA – Federal Emergency Management Agency

Why Comment Letters Matter

Comment letters are an excellent opportunity for the banking industry to inform the federal agencies about the impact of rulemaking, and provide examples.

It is crucial that WBA represent the best interests of members at the federal level, whether that means pointing out potentially onerous, unfair, or burdensome rules, suggesting tweaks or improvements, or expressing satisfaction when positive changes are being implemented. The goal is to advocate on behalf of members by conveying information in an impactful, yet concise manner.

Fiscal Year 2020-21 Comment Letters

* COVID-19 regulatory relief related issue