NACA Responds to CFPB’s Request for Information on its Taskforce on Federal Consumer Law

In response to a Request for Information (RFI) by the Consumer Financial Protection Bureau on its newly formed Taskforce on Federal Consumer Law, NACA submitted these comments urging the Bureau to suspend the taskforce’s activities. The sudden creation of the taskforce, its member makeup, the poor timing of the RFI, and more indicate that the taskforce is unneccessary and may be harmful to the CFPB’s statutory mission.