April 20, 2021
For Immediate Release:
U.S. House Committee to Consider Crucial Debt Collection Reforms
Today, the U.S. House Committee on Financial Services will hold a markup of the Comprehensive Debt Collection Improvement Act, H.R. 2547, a package of bills aimed at improving consumer protections against abusive debt collection practices.
NACA joined consumer groups in a letter to the Committee.
NACA urges the 117th Congress to (1) remove obstacles that block legal accountability for harmful practices, (2) ensure the tax system does not penalize harmed consumers who stand up for themselves, (3) encourage an active regulatory system that adequately safeguards consumers, and (4) strengthen consumer remedies and protections in critical consumer laws.
NACA joined a letter in support of the bipartisan Payment Choice Act which would preserve the right of consumers to pay with cash at retail locations. Cashless businesses unfairly disadvantage underbanked communities.
NACA and 91 consumer, civil rights, community, labor, housing, and other public interest organizations sent a letter to Congress urging it to adopt broad consumer protection measures in the next COVID-19 relief package.
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."
Project on Government Oversight, Amid Pandemic, Congress Suspends Evictions - But Not for All
"Whether a landlord has a federally backed loan 'is nearly impossible for renters to figure out,' Ira Rheingold, executive director of the National Association of Consumer Advocates and chairman of the board of the Center for Responsible Lending, told the Project On Government Oversight (POGO).
NACA joins 200+ organizations on letter to Congress urging opposition to FY 2017 omnibus or minibus funding packages that include harmful ideological policy riders. Budget bills have been used before to undermine essential safeguards through policy riders – provisions that address extraneous policy issues, and are slipped into funding bills to win approval as part of must-pass funding legislation.
