Comments Supporting the CFPB Complaints System
NCLC joined a comment letter emphasizing the importance of the CFPB’s system for accepting, processing and publishing consumer complaints.
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Trump Administration Proposal to Gut ECOA Would Resurrect Lending Hurdles for Women, Black People, Veterans, and Native Americans
Proposed Rule Would Decimate Fair Lending Protections and Make Buying a Car or Home Harder
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Comments to the CFPB on the Equal Credit Opportunity Act and Regulation B Proposed Rule
The Consumer Financial Protection Bureau’s proposed rule under Regulation B runs counter to Congress’s intent when it passed the Equal Credit Opportunity Act. By removing disparate impact liability, severely narrowing the definition of discouragement, and over-regulating special purpose credit programs, the propose rule would represent a major step backwards in our civil rights regulatory framework.…
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Comments Supporting CFPB Consumer Complaint Intake System
NCLC joined a comment on a Paperwork Reduction Act request emphasizing the importance of the CFPB’s Consumer Complaint Intake System.
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Fact Sheet: CFPB Proposes To Gut Credit Discrimination Protections
The CFPB has issued a proposed rule gutting fair lending protections under the Equal Credit Opportunity Act (ECOA). Please comment by December 15th. This is a deeply concerning development. Here are the facts: How should we respond now? What the proposal does: The proposal would be harmful, is illegal, and is not based on facts. …
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Digital Library: What the CFPB’s Recent FCRA Preemption Guidance Gets Wrong
This article provides an overview of FCRA preemption, discusses why the new 2025 interpretive rule is wrong, and provides suggestions for state policy advocates on how to “preemption proof” their state laws.
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Testimony of Lauren Saunders Before the HFSC Regarding the Consumer Financial Protection Agency (CFPA)
This testimony describes why we recommend that consumer protection for financial products and services be consolidated within a new federal Consumer Financial Protection Agency. A review of the history of consumer protection by the Federal Reserve and the other banking agencies demonstrates consistent inattention, at best, and opposition, at worst, to the needs of consumers.…
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Coalition Comment Urging CFPB to Keep a Strong Personal Financial Data Rights Rule
This is a comment from fifty-two (52) consumer, economic justice, privacy, and advocacy groups to the Consumer Financial Protection Bureau’s (CFPB) Advance Notices of Proposed Rulemaking reconsidering its final Personal Financial Data Rights rule implementing section 1033 of the Dodd-Frank Act. The comment strongly supports the current 1033 Rule as issued in October 2024 and…
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Comments to CFPB on the Legal Standard Applicable to Risk-Based Supervisory Designations
NCLC and the Consumer Federation of America submitted comments to the CFPB opposing the proposed rulemaking to define the risks to consumers that would qualify an entity for risk-based supervision. The proposed rule directly contravenes the intention of Congress to give the Bureau considerable discretion in its exercise of this supervision authority, and it attempts…
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CFPB Must Supervise Auto Finance, Debt Collection, Credit Reporting, and International Remittance Industries
Rigorous Supervision Is Needed to Protect People from Financial Abuse
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Group Comments to CFPB Opposing a Reduction in the Number of Companies Deemed Larger Participants
The undersigned groups submit these comments on the Consumer Financial Protection Bureau’s (CFPB) four advance notices of proposed rulemaking (ANPR) on whether to propose a rule to change the definition of larger nonbank participants in the auto finance, debt collection, credit reporting and international money transmission markets. The ANPRs suggest that the number of companies…
