CFPB

NACA Calls on CFPB to Give Public Easier Access to Consumer Complaint Narratives

Publish Date: 
August 11, 2020
Type: 
legislative

NACA joined consumer, civil rights, community, housing, and privacy organizations on a letter to the Consumer Financial Protection Bureau urging the agency to reconsider changes its made to the Consumer Complaint database. The changes make it overly difficult for the public to navigate the database and to view consumer complaint narratives.

NACA Tells Senate Committee CFPB's Performance has been "Lackluster"

Publish Date: 
July 28, 2020
Type: 
legislative

In anticipation of the Senate Banking Committee's hearing on CFPB's Semi-Annual Report, NACA inks letter to the committee: "the CFPB’s lackluster performance over the past year, particularly in light of the extraordinary health and economic crisis this country now faces, puts the U.S. financial marketplace and the millions of consumers who participate in it at risk."

NACA in the News: Black and Latino borrowers may suffer most as Trump tosses out payday-loan rule

Release Date: 
July 9, 2020

LA Times, Black and latino borrowers may suffer most as Trump tosses out payday-loan rule.

"Christine Hines, legislative director for the National Assn. of Consumer Advocates, echoed that sentiment.

'Payday lenders disproportionately target Black and Latino communities, hawking their high-cost loans on working families and trapping them in a cycle of debt,' she said."

NACA STATEMENT: In Rule Reversal, CFPB Gives Predatory Lenders a Pass

Release Date: 
July 7, 2020

In Rule Reversal, CFPB Gives Predatory Lenders a Pass

Below is the statement of Christine Hines, Legislative Director, National Association of Consumer Advocates

Note: The Consumer Financial Protection Bureau today released a final rule on payday, vehicle title and other high-cost loans, replacing its 2017 regulation.

In Lawsuit, Consumer Advocates Allege CFPB Created Unlawful Taskforce

Release Date: 
June 16, 2020

For Immediate Release

Consumer Advocates Sue CFPB For Granting Financial Services Industry Illegal Influence Over Consumer Protection Policy

Director Kraninger Unlawfully Formed the “Federal Consumer Financial Law Taskforce,” Stacked Group with Industry Representatives

Secretive Taskforce Likely To Recommend Sweeping Rollback of Consumer Protections as Nation Grapples with Recession

NACA and Allies Submit Comment Questioning Legitimacy of CFPB Taskforce

Publish Date: 
June 1, 2020
Type: 
legislative

NACA joined 26 other consumer, community, and civil rights groups on a comment responding to the Consumer Financial Protection Bureau's Request for Information on its newly formed Taskforce on Federal Consumer Law. The taksforce's ideological makeup and the Bureau's repeated disregard of pro-consumer groups' views on many of the issues the taskforce is charged with overseeing call the taskforce's legitimacy into question.

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