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NCLC joined a letter from civil rights, labor, community, consumer protection, and economic justice advocates expressing deep and growing alarm over the continuing attacks on independent financial regulatory agencies.
NCLC joined a letter from other advocates opposing unprecedented and inappropriate use of the Congressional Review Act to attempt to repeal waivers, orders and other actions that do not fit the CRA guidelines.
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We oppose H.R. 142 (Cammack)/S. 485 (Paul) Regulations from the Executive in Need of Scrutiny Act (REINS Act). The bill would prohibit agencies from enforcing important consumer protection rules that have a large economic impact unless Congress acts to approve the regulations in a short window of time.
National groups urge the CFPB to issue its proposed rule codifying the application of the FTC’s Credit Practices Rule to financial institutions (Reg AA), and adopting three important new consumer protections. The proposed rule would forbid covered entities from including in their contracts 1) any clause that waives legal rights designed to protect consumers, 2)…
NCLC, along with other consumer organizations, submitted comments to the Federal Trade Commission in connection with its study on facilitating and refining existing efforts with State Attorneys General to prevent, publicize, and penalize frauds and scams being perpetrated on individuals in the United States. The comments called for creation of a broad inter-agency Fraud Task…
Read More about FTC-Attorney General Fraud Collaboration Comments
NCLC joined a letter by several organizations expressing strong opposition to the FY2024 Financial Services and General Government appropriations bill, which would deprive federal agencies of their appropriate levels of funding and undermine critical consumer protections with its harmful ideological policy riders. The bill unnecessarily attacks federal agencies established to safeguard the financial health and…
Read More about Letter in Opposition to Anti-Consumer Appropriations Riders