CFPB

NACA in the News: Enforcement Slowdown Defines Mulvaney's CFPB Tenure

Release Date: 
November 23, 2018

Bloomberg, Enforcement Slowdown Defines Mulvaney's CFPB Tenure.

"The slowdown in enforcement, and the smaller penalties, have raised alarms among consumer advocates.

'The CFPB was created to make sure regular people were not mistreated by big financial firms,' Christine Hines, the National Association of Consumer Advocates’ legislative director, said in a Nov. 15 phone interview."

NACA in the News: Financial Companies Rack Up Complaints, but Good Luck Finding Them

Release Date: 
October 12, 2018

NerdWallet, Financial Companies Rack Up Complaints, but Good Luck Finding Them.

“If we are concerned that these companies are taking advantage of consumers, that’s why the CFPB was created,” says Ira Rheingold, executive director of the National Association of Consumer Advocates. “The CFPB in a better time, where you have leadership that was interested in actually protecting consumers, they would look at that seriously.”

NACA Statement on Announced Resignation of CFPB Deputy Director Leandra English

Release Date: 
July 6, 2018

July 6, 2018

For Immediate Release:                       

Today, Leandra English, former deputy director of the Consumer Financial Protection Bureau (CFPB), announced her resignation from the federal agency, citing the recent formal nomination for CFPB director. 

Below is the statement of Christine Hines, Legislative Director, National Association of Consumer Advocates (NACA):

NACA: CFPB Should Engage Regularly with Diverse Stakeholders to Help It Understand Consumers' Needs

Publish Date: 
May 29, 2018
Type: 
legislative

"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."

NACA to CFPB: Maintain Processes That Facilitate Vigorous Enforcement of Consumer Laws

Publish Date: 
May 14, 2018
Type: 
legislative

NACA submitted comments in response to the Consumer Financial Protection Bureau's Request for Information on its Enforcement Processes. NACA is concerned that the CFPB has issued this and other public Requests for Information as an opening to revamp its internal processes and hinder activities meant to protect consumers and the financial markets.

 

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