Regulatory Reform and Consumer Financial Protection Bureau

In our increasingly complex financial world, vigilant government oversight is essential to protect consumers in the financial marketplace.  NCLC works to improve our consumer protection system to ensure that it will stop abuses and will create incentives for the financial industry to offer fair, sustainable financial products and services.

CFPB Policy Analysis

CFPB Policy Briefs, Reports & Press Releases

• NCLC and Center for Economic Justice Issue Brief: CFPB Should Rein In Mortgage Servicers' Abuses of Force-Placed Insurance, May 2012
• Advocates Urge Consumer Financial Protection Bureau to Stand Firm on Protection from Fee-Harvester Credit Cards, April 2012
• Broken Records: How Errors by Criminal Background Checking Companies Harm Workers and Businesses, April 2012
• Issue Brief: The CFPB Received Its Full Power on July 21, 2011 - Challengers to Recess Appointment May Be Kicked Out of Court and Press Release, Feb. 2, 2012
• Press release CFPB Ruling Will Increase Reliability of Money Remittances and Reveal Hidden Fees, Jan. 25, 2012
• Consumers Win with Cordray to Head CFPB, January 4, 2012
• 10 Things the CFPB Can Start Now, July 19, 2011
• Statement on Cordray as CFPB Director, July 18, 2011
• White paper: Time to Update the Credit Practices Rule; CFPB Should Modernize FTC Rule Addressing Abusive Creditor Collection Practices, Dec. 2010
• Issue Brief: The Role of the States under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
• Special NCLC Reports Issue on Consumer Financial Protection Bureau, August 2010
• An Agenda for the Consumer Financial Protection Bureau, July 2010
• NCLC Applauds Senate Passage of Wall Street Reform, July 2010
• House-Senate Conferees: Strengthen Preemption Provision in Wall Street Reform Bill, June 2010
• Statement on Carper Preemption Compromise, May 18, 2010
• Issue Brief: State-by-State Racial Disparities in Auto Lending by Auto Dealers, May 2010
• Issue Brief: CFPA and Nonbanks: A Snapshot
• Issue Brief: Nonbank Consumer Financial Protection Enforcement Cannot Be Left to the FTC
• Issue Brief: Gaps in State UDAP Laws, Attorney General Authority, Will Hinder CFPA Effectiveness
• Issue Brief: Glaring Lack of Enforcement in Consumer Protection Proposals Could Make Matters Worse, Not Better
• Issue Brief: Regulatory Reform and Consumer Protection: Hold Wrongdoers Accountable to the Consumers They Harm
• Press Release: National Banks Made 32%-51% of Toxic Loans, Sept. 2009
• Restore the States’ Traditional Role as "First Responder": White Paper, Sept.  2009
• Consumer Statement  in Support of President's Proposed Consumer Financial Protection Agency, June 2009
• Recommendations to Congressional Oversight Panel on Regulatory Reform, Jan. 2009

CFPB Comments

• Comments re: CFPB Streamlining Inherited Regulations, Mar. 5, 2012
• Comments on the Consumer Financial Protection Bureau's Interim Final Rule on the preemption rules under the Alternative Mortgage Transaction Parity Act, September 22, 2011
• Comments to Bureau of Consumer Financial Protection Regarding Larger Participant Rulemaking, August 15, 2011

CFPB Letters

• Letter Opposing Attorney Exemption, June 22, 2010
• Letter opposing Carper Amendment on Attorney General Enforcement and Preemption, May 13, 2010
• Coalition Letter Supporting Financial Reform, April 2010
• Letter to Sen. Dodd on Need For Strong, Independent Consumer Regulator, March 2010
• Letter supporting Financial Product Safety Commission Act, S. 566 (Durbin)
• Coalition Letter Supporting Independent CFPA, Feb. 2010
• Letter to Obama Requesting Amendment of Preemption Executive Order, Dec. 2008
• Letter to President Elect Obama and Consumer Platform Calling for White House Office of Consumer Affairs, Dec. 2008

CFPB Testimony

• Testimony re Safeguarding Consumer Protection and the Role of the Federal Reserve, July 2009

Additional Resources

• Links
  CFPB Consumer Complaints
  CFPB Tell Your Story

• Webinar: The New Consumer Financial Protection Bureau: What Can It Do, What Should It Do?, September 15, 2010By:  Lauren Saunders, Kathleen Keest (CRL)
  PresentationRecording