Comment Letters

June 7, 2017 | Filed under: Other Areas of Interest | Tagged with: CFPB

NACA urges U.S. House members to vote NO on the Financial CHOICE Act of 2017 (H.R. 10). The bill would dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010 to remedy the flaws in the U.S. economic system that invited reckless conduct and ushered in the 2008 Great Recession. In particular,  NACA urges rejection of the dangerous sections of the bill that aim to sabotage the work and mission of the Consumer Financial Protection Bureau (CFPB).

May 23, 2017 | Filed under: Other Areas of Interest | Tagged with: CFPB, Remittance

NACA joins public interest organizations in response to the Consumer Financial Protection Bureau's Request for Information on the 
assessment plan of the Remittance Rule.

May 19, 2017 | Filed under: Credit Reporting | Tagged with: CFPB

NACA joins organizations on submitted comments to the Consumer Financial Protection Bureau to discuss risks and benefits of alternative data in the credit process. 

May 4, 2017 | Filed under: Other Areas of Interest | Tagged with: auto, CFPB, credit, mortgages

NACA joins public interest organizations on written comments responding to the Consumer Financial Protection Bureau’s proposal to align the requirements of the Equal Credit Opportunity Act (ECOA) with the data collection requirements of the Home Mortgage Disclosure Act (HMDA).

April 27, 2017 | Filed under: Other Areas of Interest | Tagged with: CFPB, Prepaid Cards

The undersigned 235 consumer, civil rights, labor and small business organizations strongly urge the U.S. Senate to oppose H.J. Resolutions 73 & 62, which would repeal 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.

April 26, 2017 | Filed under: Other Areas of Interest | Tagged with: CFPB, consumer complaints

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. 
 

April 25, 2017 | Filed under: Other Areas of Interest | Tagged with: CFPB

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. In particular, we urge rejection of the dangerous sections of the bill that aim to sabotage the work and mission of the Consumer Financial Protection Bureau (CFPB).

April 25, 2017 | Filed under: Other Areas of Interest | Tagged with: CFPB

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. It would expose consumers, investors, and the public to greatly heightened risk of abuse in their regular dealings with the financial system, and our economy as a whole to a far greater risk of instability and crisis.

April 24, 2017 | Filed under: Student Loans | Tagged with: CFPB

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.

April 18, 2017 | Filed under: Other Areas of Interest | Tagged with: CFPB, Prepaid Cards

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.

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