ABA Consumer Financial Services Committee

The Consumer Financial Services Committee comprises around 1,400 members who represent a diverse group of stakeholders including consumers, professionals from various industries, government agencies, and regulators. The Committee's focus areas encompass: - Housing and personal property finance - Truth in lending practices - Financial privacy alongside credit reporting and identity security - Federal preemption regarding state and local legislation - Digital provision of consumer financial services - Stored-value systems along with credit cards - Issues of credit discrimination while ensuring fair access to financial resources - Legal matters concerning litigation and arbitration - Debt recovery procedures as well as consumer bankruptcy issues - Compliance management strategies - Deposit services paired with payment methods - Trade regulations at both the federal and state levels The overarching goal of the Consumer Financial Services Committee is to serve as a platform that fosters exceptional professional growth while facilitating relationship-building among its members; it emphasizes meaningful collaboration with regulatory bodies, advocates for consumers, industry attorneys; promotes public service initiatives;and engages in thought leadership within this dynamic field.