CFPB

NACA Joins Opposition to Bill Provision That Would Abolish Access to CFPB's Complaint Database

Publish Date: 
April 26, 2017
Type: 
legislative

NACA joins consumer, civil rights, fair lending, community and privacy organizations urging opposition to the Financial CHOICE Act, particularly provisions that would obliterate public access to the Consumer Financial Protection Bureau's consumer complaint database. 
 

NACA Joins AFR in Opposing Financial CHOICE Act II

Publish Date: 
April 25, 2017
Type: 
legislative

NACA joined 78 community and public interest organizations to express our opposition to the “Financial CHOICE Act” and to urge House Financial Services Committee members to oppose this bill. This legislation would be better dubbed “Wall Street’s CHOICE Act”, as it would have a devastating effect on the capacity of regulators to protect the public interest and defend consumers and investors from Wall Street wrongdoing and the economy from risks created by too-big-to-fail financial institutions.

NACA Joins 230+ Orgs Urging Rejection of Proposals That Would Eliminate Prepaid Card Rule

Publish Date: 
April 18, 2017
Type: 
legislative

The undersigned 235 consumer, civil rights, labor and small business organizations urged opposition H.J. Resolutions 73 & 62, which would reject the Consumer Financial Protection Bureau’s prepaid card protection rule. The resolution would block basic fee transparency and fee disclosure protections set to go into effect on prepaid cards, including payday lender prepaid cards and low-wage employer payroll cards such as those offered by Georgia-based NetSpend.

NACA, AFR Coalition Support CFPB's Student Loan Servicing Data Collection Initiative 

Publish Date: 
April 24, 2017
Type: 
legislative

NACA joins Americans for Financial Reform (“AFR”) in comments on the Consumer Financial Protection Bureau’s Request for Comment on Student Loan Servicing Market Monitoring. We support the Bureau’s proposed student loan servicing data collection initiative and believe that compiling such metrics and borrower outcomes would benefit market participants, federal and state agencies, policymakers, and borrowers. Obtaining a clearervview of the student loan market overall will help inform all market participants on how best to serve student loan borrowers.

NACA Joins Orgs to Discuss Language Access in Debt Collection Practices

Publish Date: 
March 17, 2017
Type: 
legislative

Organizations submitted a letter in response to the CFPB’s Small Business Regulatory Enforcement Fairness Act (SBREFA) review of proposed regulations under the Fair Debt Collection Practices Act (FDCPA). Specifically, the letter addresses the Bureau’s proposal related to increasing access to the FDCPA’s protections for Limited English Proficient (LEP) consumers. We applaud the Bureau for raising the issue of language access in the context of debt collection and for seeking feedback on this important issue.

NACA Denounces Anti-Consumer Protection Bill Nicknamed the "Wrong CHOICE Act"

Publish Date: 
April 25, 2017
Type: 
legislative

NACA submitted a letter to the U.S. House Financial Services Committee urging the committee members to reject legislation called the "Financial Choice Act." The legislation, broad in breadth and scope, unabashedly seeks to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, the law passed to remedy flaws in the U.S. economic system that led to the 2008 Great Depression and the loss of homes, jobs, businesses and economic security for millions of Americans.

NACA in the News: Sen. Pat Toomey expected to play key role in reducing banking regulations

Release Date: 
February 13, 2017

The Allentown Morning Call, Sen. Pat Toomey expected to play key role in reducing banking regulations

""Weakening them [regulations] while simultaneously allowing banks to engage in more speculative lending practices, which Republicans in Congress have proposed, would be a mistake, said Ira Rheingold, executive director of the National Association of Consumer Advocates.

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