Organizations submitted a letter in response to the CFPB’s Small Business Regulatory Enforcement Fairness Act (SBREFA) review of proposed regulations under the Fair Debt Collection Practices Act (FDCPA). Specifically, the letter addresses the Bureau’s proposal related to increasing access to the FDCPA’s protections for Limited English Proficient (LEP) consumers. We applaud the Bureau for raising the issue of language access in the context of debt collection and for seeking feedback on this important issue.
NACA submitted a letter to the U.S. House Financial Services Committee urging the committee members to reject legislation called the "Financial Choice Act." The legislation, broad in breadth and scope, unabashedly seeks to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, the law passed to remedy flaws in the U.S. economic system that led to the 2008 Great Depression and the loss of homes, jobs, businesses and economic security for millions of Americans.
The Allentown Morning Call, Sen. Pat Toomey expected to play key role in reducing banking regulations
""Weakening them [regulations] while simultaneously allowing banks to engage in more speculative lending practices, which Republicans in Congress have proposed, would be a mistake, said Ira Rheingold, executive director of the National Association of Consumer Advocates.
NACA joins consumer, civil rights, privacy, community, and fair lending organizations in strongsupport of the Consumer Financial Protection Bureau’s (CFPB) proposal to collect consumer feedback via a “Consumer Response Company Response Survey.” The ability of consumers to provide direct and detailed feedback on their experiences in trying to resolve a dispute with financial service companies will add enormous value for the Bureau, individual companies and the public.
NACA joins public interest groups on letter to Consumer Financial Protection Bureau Director Richard Cordray to recommend best practices for handling imminent mortgage complaints.
NACA joins other organizations that advocate on behalf of consumers, students, civil rights, labor, small business, and more, on a letter to urge Congress to oppose any funding bills that include provisions rolling back or undermining financial reform.