CDIA v Frey

Consumer Data Industry Association, Petitioner, v. Aaron M. Frey, Attorney General of Maine, et al., Respondents.
On Petition for a Writ of Certiorari to the United States Court of Appeals for the First Circuit
Brief of Amici Curiae Chamber Of Commerce of the United States Of  America, et al. Supporting Petitioner

Interest of Amici Curiae

Amici Curiae are trade organizations representing businesses and organizations across every sector of the economy. Many of Amici’s members operate nationwide in the credit and credit reporting industries. They rely upon federal rules that simultaneously advance important societal and statutory objectives, such as consumer-credit reporting, and provide a predictable and nationally uniform regulatory regime.

The Chamber of Commerce of the United States of America (“Chamber”) is the world’s largestbusiness federation. It represents approximately300,000 direct members and indirectly represents theinterests of more than three million businesses andprofessional organizations of every size, in everyindustry sector, and from every region of the country. An important function of the Chamber is to representthe interests of its members in matters beforeCongress, the Executive Branch, and the courts. It regularly files amicus briefs in cases of importance to the business community, including this one.

Since its founding in 1916, the American Financial Services Association (“AFSA”) has been the national trade association for the consumer-credit industry, with a mission of protecting access to credit and consumer choice. AFSA has a diverse membership, ranging from large, international financial-services firms to single-office, independent consumer-finance companies, each of whom must operate within the requirements of the FCRA, 15 U.S.C. § 1681, et seq. AFSA’s over 420 members span the consumer-credit market and provide consumers with financial services and numerous kinds of credit—including traditional installment loans, mortgages, direct and indirect vehicle financing, payment cards, and retail sales finance. Through these members’ individual actions, they shape theconsumer-credit industry’s direction and positions on a broad range of public-policy issues that affect the consumer-credit industry.

Established in 1875, the American Bankers Association (“ABA”) is the united voice of America’s $23.6 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $19.4 trillion in deposits, and extend $12 trillion in loans.

The National Association of Federally-InsuredCredit Unions (“NAFCU”) advocates for all federally-insured not-for-profit credit unions that, in turn, serve over 134 million consumers with personal and small business financial service products. NAFCU members are from across the country and of all asset sizes. It provides members with representation, information, education, and assistance to meet the constant challenges that cooperative financial institutions face in today’s economic environment. NAFCU proudly represents many smaller credit unions with relatively limited operations, as well as many of the largest and most sophisticated credit unions in the Nation. NAFCU represents 78 percent of total federal credit union assets and 62 percent of all federally-insured credit union assets.

Download the amicus brief to read the full text.