"Overall enforcement remains down, said Christine Hines, the legislative director at the National Association of Consumer Advocates. The CFPB is still not doing the job of protecting consumers Congress intended under Kraninger, with both the drop in enforcement and the rollback of key rules, she said."
Los Angeles Times, Column:Trump slashed consumer protections. So California is stepping up.
"'Requiring affordable loans that a borrower can pay back without taking out another loan would have protected millions of people who are typically caught by lenders in high-cost debt traps,' said Christine Hines, legislative director for the National Assn. of Consumer Advocates."
For Immediate Release:
Statement of Christine Hines, Legislative Director, National Association of Consumer Advocates
NACA and 35 other consumer, privacy, civil rights, and public interest organizations submitted a comment to the Consumer Financial Protection Bureau outlining privacy concerns raised by the Bureau's proposed rule on debt collection practices. If the rule is finalized as written, the CFPB may be opening the door to increased privacy abuse and security problems. All comments submitted by or on behalf of NACA are available here.
NACA and 38 other community, civil rights, consumer, and student advocacy organizations joined a comment to the Consumer Financial Protection Bureau urging the CFPB to strengthen its proposed rule on debt collection practices to better protect student loan borrowers. All comments submitted by or on behalf of NACA are available here.
NACA and 42 other consumer, civil and human rights, labor, community, housing, and legal services organizations call upon the Consumer Financial Protection Bureau to provide greater protections for consumers with limited English proficiency (LEP) in its proposed rule on debt collection practices. There are many misconceptions about debt collection laws that are heightened by language barriers, leaving LEP consumers vulnerable to harassment and exploitation. All comments submitted by or on behalf of NACA are available
NACA and its organizational partners submitted a comment to the Consumer Financial Protection Bureau on its proposed rule on debt collection practices. While there are instances in which the regulations clarify and improve protections, the overall impact of these regulations, should they be promulgated, will be to hurt consumers, not help them. All comments submitted by or on behalf of NACA are available here.