Consumer and civil rights organizations oppose H.R. 2706, the Financial Institution Customer Protection Act of 2017. The bill will hamper the efforts of banking regulators to advise financial institutions of warning signs that their customers are engaging in fraud, money laundering, or other illegal activity, putting consumers and financial institutions at risk of serious financial loss. The bill would also promote spurious litigation against regulators and financial institutions when an account is closed. This bill is more harmful now than ever in light of the critical importance of blocking access to the payment system by criminals who may use information from the Equifax and other data breaches.