NACA Joins Letter to Senate Opposing Resolution to Overturn Big Tech Payment App Supervision Rule

…28 – a joint resolution to overturn the Consumer Financial Protection Bureau’s rule to bring large non-bank payment service providers under the same oversight that applies to banks. Download PDF

NACA and Groups Send Letter Opposing Preemption of State and Local AI Laws

…groups on a letter to Congress opposing a provision in a draft budget bill that would preempt state and local laws governing artificial intelligence for ten years. Download PDF  …

NACA and Public Interest Groups Submit Comment to CFPB Opposing Changes to Larger Participant Definitions

…credit reporting, and international money transfer markets. The comment opposed any change in definition that would reduce the number of companies deemed larger participants subject to CFPB supervision. Download PDF

NACA Joins Letter to Federal Agencies on Green Lending Protections

…Bureau, Environmental Protection Agency, Federal Trade Commission, Department of Energy, and Department of Treasury urging strong consumer protections for the new wave of green lending programs and products. Download PDF

NACA Supports Investor Choice and Ban on Forced Arbitration

Letter to House Financial Services Committee in support of the Investor Choice Act. Download PDF

NACA Joins Letter to CFPB Calling for Easier Access to Consumer Complaint Narratives

…to CFPB Director Rohit Chopra calling for the Bureau to reverse changes to the consumer complaint database that hid consumer narratives and made them more difficult to access. Download PDF

CFPB walks back protections on terms and conditions in financial services

…institutions continue to find ways to use their boilerplate to evade or undermine consumer law. State and federal lawmakers should persist in finding solutions to check them. ### Download PDF

Public Interest Groups Call for Language Accessibility for CFPB’s Online Complaint System

…the Consumer Financial Protection Bureau urging the Bureau to provide access to its online complaint system in Spanish and other languages commonly spoken by Limited English Proficiency consumers. Download PDF

NACA Joins Letter Urging CFPB to Carefully Examine New Fintech Products

…agency to apply close scrutiny to fintech products including Buy Now Pay Later and Income Share Agreements to ensure they are complying with the relevant consumer protection laws. Download PDF