CFPB walks back protections on terms and conditions in financial services
By Christine Hines, senior policy director, National Association of Consumer Advocates The Consumer Financial Protection Bureau has long kept a watchful eye on terms and conditions that accompany financial products…
Read MoreNACA in the News: Costly Solar Energy Installation Scams on the Rise
Consumers’ Checkbook, Costly Solar Energy Installation Scams on the Rise “’This is just the latest version of home contractor fraud, but a much more lucrative one,’ said Ira Rheingold, executive…
Read MoreNACA in the News: House Committee Votes to Strip CFPB Victim Fund
The Chicago Crusader, House Committee Votes to Strip CFPB Victim Fund “‘It’s not really about saving taxpayer money or anything related to the budget. It’s about getting rid of the…
Read MoreNACA in the News: You can’t sue: lawsuit sheds light on arbitration clauses in Allegheny County leases
90.5 WESA, You can’t sue: lawsuit sheds light on arbitration clauses in Allegheny County leases “’Forced arbitration basically says that you, consumer, cannot take your case to court,’ said Ira…
Read MoreNACA in the News: Hollowed-Out CFPB Issues Guidance Challenging States’ Authority to Pick Up Slack
National Law Journal, Hollowed-Out CFPB Issues Guidance Challenging States’ Authority to Pick Up Slack “’The goal is to upend everything the bureau has done in the past to remove consumer…
Read MoreNACA in the News: CFPB to Withdraw 67 Guidance Documents in Trump Pullback (1)
Bloomberg Law, CFPB to Withdraw 67 Guidance Documents in Trump Pullback (1) “But banks may miss some of the certainty that the guidance documents provided, particularly the longstanding interpretations of…
Read MoreNACA in the News: CFPB Backs Off Buy Now, Pay Later Oversight, Signals Repeal of Rule
National Law Journal, CFPB Backs Off Buy Now, Pay Later Oversight, Signals Repeal of Rule “The interpretive rule established ‘reasonable’ safeguards such as permitting borrowers to dispute charges and requiring…
Read MoreNACA in the News: House Republicans Take Their Turn at Ravaging CFPB
The American Prospect, House Republicans Take Their Turn at Ravaging CFPB “This plan to ‘reduce expenditures’ hardly does anything to achieve that goal. ‘It’s not really about saving taxpayer money…
Read MoreBills threaten to disrupt, defang consumer protection agency (Part II)
By Sophia Huang, Advocacy & Outreach Associate As discussed in Part I, a slate of recently introduced bills seek to alter the structure of the Consumer Financial Protection Bureau (CFPB)…
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