CFPB

NACA Supports Waters' Bill That Would Bolster CFPB

Publish Date: 
March 7, 2019
Type: 
legislative

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 in the News: With major financial protections on hold, here's how you can guard your investments

Release Date: 
January 7, 2019

CNBC, With major financial protections on hold, here's how you can guard your investments.

"While a number of experienced staffers remain at the CFPB, its ability to advocate for individuals will likely diminish under the current leadership, said Ira Rheingold, executive director at the National Association of Consumer Advocates."

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):

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