Proposal to Dramatically Reduce CFPB Staff Would Cripple Supervision of Banks and Fintech Lending Apps; Cut Enforcement Staff by 80%
Read More about Trump Administration Concocts New Plan to Disable CFPB
This NCLC comment expresses strong opposition to changes proposed by the Consumer Data Industry Association (CDIA) that would throttle the number of complaints filed with the CFPB against the three Big Three credit bureaus (Experian, Equifax and TransUnion). The comments object to the CFPB’s action in already adopting one of the changes demanded by CDIA,…
NCLC joined community, civil rights, labor, consumer, civic and other organizations in urging members of Congress to fight for an effective Consumer Financial Protection Bureau able to carry out its statutorily mandated consumer protection mission for the long term, and to oppose legislative efforts to weaken the agency.
In affordability crisis, more people than ever turn to the CFPB for help WASHINGTON – In its latest attack on the wildly popular Consumer Financial Protection Bureau (CFPB), the Trump Administration is claiming that consumer protections cost people too much money. Only last week, a report from the U.S. Senate Committee on Banking, Housing,…
Read More about White House Launches New Attack on CFPB and Nation’s Consumers
Appearing in American Banker on Feb. 5, 2026, Kate Berry talks to Chi Chi Wu, Director of Consumer Reporting and Data Advocacy at the National Consumer Law Center about the Consumer Financial Protection Bureau’s sudden addition of new requirements to its consumer complaint portal that aim to reduce the number of disputes about inaccurate information on…
Read More about American Banker: CFPB warns consumers about filing credit bureau disputes
Advocates Call On Lending, Debt Collection, Credit Reporting Companies to Ease Financial Impact on Families
Read More about ICE Has Created a Disaster in Minnesota; The Financial Services Industry Can Help
Despite new hurdles, consumers should continue to submit complaints.
Potential Changes Would Make It Harder for People to Get Credit Reporting Problems Fixed
NCLC joined a comment letter emphasizing the importance of the CFPB’s system for accepting, processing and publishing consumer complaints.
Read More about Comments Supporting the CFPB Complaints System
Proposed Rule Would Decimate Fair Lending Protections and Make Buying a Car or Home Harder
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate
