This is a sample comment letter to the CFPB in support of the proposed rule prohibiting the waiver of class actions in contracts for financial products and services, and requiring the reporting of information regarding the use of arbitration in the consumer financial context. We encourage you to use this resource to craft your own comment letter in support or you can simply sign on to ours.
This sign on letter is in opposition to H.R. 1927, the "Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2015." The House may soon consider this resolution and Section 2 of this bill would effectively eviscerate consumer, antitrust, employment, and civil rights class actions.
This letter to the Federal Reserve, OCC, and FDIC supports several provisions of the Interagency Q&A Regarding Community Investment, including additional ways to determine low- and moderate-income status of community development recipients, recognition of nonprofit board service, and clarifications on qualified investments and community development lending. The letter notes concerns about the Q&A's proposed changes to the weights on community development lending.
The regulators released proposed changes to their documents that implement CRA (called Interagency Questions and Answers).
We have until May 17 to comment on these proposed changes and let regulators know that they don’t go far enough, so please act today!
Your comments matter. Regulators will be hearing from legions of bank representatives, and we need to make sure that they hear from advocates as well. Here is a sample comment letter that we encourage you to personalize and send to regulators: