Oppose H.R. 766 the Financial Institution Customer Protection Act of 2015
This letter to Chairman Pete Sessions and Ranking Member Louise Slaughter urges a strong opposition to H.R. 766, the Financial Institution Customer Protection Act of 2015, introduced by Representative Luetkemeyer. The bill will hamper critical Department of Justice and banking regulator efforts to detect fraud and money laundering, putting consumers and financial institutions at risk of serious financial loss. It is troubling that the House Committee on Financial Services reported out H.R. 766 in July 2015 and that the bill is now under consideration in the Committee on Rules even after a...