NACA submitted comments to the U.S. Department of Housing and Urban Development urging it not to revise its 2013 Disparate Impact Rule. HUD's proposal would seriously weaken disparate impact liability by making it harder for consumers to bring cases and easier for lenders to escape liability.
NACA sends this letter in support of the End Double Taxation of Successful Civil Claims Act introduced by Sen. Catherine Cortez Masto. The bill would would ensure that American consumers are not unfairly penalized when they obtain justice for harm caused by bad actors by creating an above-the-line deduction for consumers who recover their legal fees after winning civil claims.
NACA calls on the Consumer Financial Protection Bureau to keep the overdraft "opt-in" rule and implement further protections against overdraft fees.
NACA joins with organizational partners commenting on the Consumer Financial Protection Bureau's review of the overdraft opt-in rule. The opt-in rule should be retained and further protections must be implemented.
NACA sent a letter in response to the U.S. Senate Banking Committee's effort to gather information on the looming issues on data privacy and protection facing all American consumers. Corporations’ voluntary data protection and privacy practices are insufficient to protect consumers from harm, provide very little to ensure accountability when harm occurs, and appear to lack tools to prevent future damage. It is also clear that consumers have little or no control over their personal data, including the use and security of their information.
NACA joins with other consumer, civil rights, and labor organizations to express support for the “Consumers First Act,” introduced by Rep. Maxine Water, chairwoman of the U.S. House Financial Services Committee. The bill puts consumers at the forefront of the Consumer Financial Protection Bureau (“CFPB”)’s work. The Consumers First Act refocuses the CFPB on its mission to protect consumers and restores the structures it needs to fight discrimination in lending.
NACA publishes report on the issue of taxing consumers on attorneys' fees awarded under consumer protection statutes.
NACA and other organizations sent a letter to the Senate Commerce Committee regarding the lack of consumer representatives testifying during the hearing "Examining Safeguards for Consumer Data Privacy."
"The bureau must reject dangerous proposals in this RFI process, regarding External Engagements and other key agency functions such as Investigations, Enforcement, Rulemaking and Complaint Response, that would sabotage its work and mission to ensure consumers are treated fairly by powerful financial institutions. The bureau must continue its record of seeking public input and taking action to hold bad actors accountable for wrongdoing and harm they cause."