NACA Leaders to CFPB: Be More Vigilant Against Financial Abuses During COVID-19 Crisis

Publish Date: 
April 30, 2020
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Consumer financial harms stemming from the COVID-19 pandemic will only worsen in communities across the country if the Consumer Financial Protection Bureau (CFPB) does not vigorously enforce the consumer protection laws under its jurisdiction, state leaders of the National Association of Consumer Advocates (NACA) warned today. 

In a  letter sent to CFPB Director Kathleen Kraninger, 42 NACA state chairs representing 34 states and Washington, DC, raised their concerns that CFPB’s activities so far, nearly two months since the presidential declaration of emergency, are insufficient to stem the serious financial troubles that threaten working families.