CFPB

NACA Urges House to Reject Proposal That Would Repeal CFPB Arbitration Rule

Publish Date: 
July 25, 2017
Type: 
legislative

NACA submitted a letter to the U.S. House of Representatives urging opposition to H.J. Res. 111, a resolution under the Congressional Review Act (CRA) that would repeal the arbitration rule issued by the Consumer Financial Protection Bureau (bureau). H.J. Res. 111 would give the financial sector a pass to once again take away Americans’ legal rights that the bureau has rightfully restored.

NACA in the News: Financial consumers may be able to sue banks again (CBS News)

Release Date: 
July 10, 2017

CBS News, Financial consumers may be able to sue banks again

Added Christine Hines, legislative director of the National Association of Consumer Advocates: "Restoring customers' ability to band together in class actions will ensure that American consumers are empowered to help themselves when they are cheated or ripped off by bad actors."

NACA in the News: Consumer bureau cracks down on arbitration clauses (The Hill)

Release Date: 
July 10, 2017

The Hill, Consumer bureau cracks down on arbitration clauses

“We are pleased with this common sense solution to give consumers back their right to go to court when they are systematically cheated or ripped off by big banks or predatory lenders,” said Christine Hines, the NACA’s legislative director.

NACA, 235 Orgs Oppose Resolutions That Would Repeal Prepaid Card Rule

Publish Date: 
April 27, 2017
Type: 
legislative

The undersigned 235 consumer, civil rights, labor and small business organizations strongly urge the U.S. Senate to oppose H.J. Resolutions 73 & 62, which would repeal the Consumer Financial Protection Bureau’s prepaid card protection rule. The resolution would block basic fee transparency and fee disclosure protections set to go into effect on prepaid cards, including payday lender prepaid cards and low-wage employer payroll cards such as those offered by Georgia-based NetSpend.

NACA, Groups Comment on Proposal Regarding Protected-Class Data Collection

Publish Date: 
May 4, 2017
Type: 
legislative

NACA joins public interest organizations on written comments responding to the Consumer Financial Protection Bureau’s proposal to align the requirements of the Equal Credit Opportunity Act (ECOA) with the data collection requirements of the Home Mortgage Disclosure Act (HMDA).

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