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 2023–24 Comment Letters

• FDIC Proposal to Impose Special Assessments (07.21.23)
• Interagency Proposal for AVMs (08.21.23)
• FinCEN Proposal to Extend BOI Reporting Deadline (10.30.23)
• DOL Proposal to Update Overtime Exemption Thresholds (11.15.23)

Fiscal Year 2022–23 Comment Letters

• FDIC Statement of Principles for Climate-Related Risk (06.07.22)
• SEC Climate Risk Disclosure Proposal (06.15.22)
• FRB, FDIC, and OCC Proposed CRA Revisions (08.05.22)
• FDIC Proposed Deposit Insurance Assessment Rates (08.19.22)
• FDIC, OCC, and NCUA’s Proposed Policy Statement on Prudent Commercial Real Estate Loan Workouts (10.03.22)
• FHFA Review of the FHLB System (10.31.22)
• CFPB RFI on Refinances (11.28.22)
• CFPB Data Privacy Summary of Proposals (01.25.23)
• FinCEN Beneficial Ownership Information Access (02.15.23)
• FDIC Proposed Official Sign and Advertising Requirements (04.07.23)

Fiscal Year 2021–22 Comment Letters