Consumer Financial Protection Bureau (CFPB) Archives

Group Letter to CFPB Regarding Fintech Credit Products

December 21, 2021

The undersigned 79 consumer, housing, civil rights, legal services, faith, community, small business, and financial organizations groups would like to thank you for your recent inquiry into buy now, pay later providers, and write to urge you to carefully examine these and other fintech credit products and fee models. New consumer credit products are exploding…

NCLC Digital Library: 12 Ways to Avoid Arbitration Even After Congress Overturned the CFPB Arbitration Rule

October 17, 2017

The CFPB rule would have had an enormous impact on returning to consumers remedies they had lost through the widespread use of arbitration clauses with class action bans. Nevertheless, consumers have a number of ways to defeat an arbitration requirement, as set out below.

Comments to CFPB Regarding Proposed Reductions in Consumer Protections for Remittance Senders

June 3, 2013

The National Consumer Law Center submitted the following comments on behalf of its low-income clients, as well as the listed national and statewide organizations, all representatives of low and moderate income senders of remittances. In addition, the above-listed law professors teach and research extensively in the areas of consumer and/or payments law, have signed on…

Comments to the CFPB Regarding Proposed Regulation Defining “Larger Participants” of the International Money Transfer Market

April 1, 2014

These comments are filed by the National Consumer Law Center, on behalf of its low-income clients, and by the National Association of Consumer Advocates. The proposed rule would identify a nonbank market for international money transfers and define “larger participants” of this market that would be subject to the Bureau’s supervisory authority. We support this…

Coalition Letter to the CFPB Regarding "Zombie" Second Mortgages

September 27, 2022

On behalf of the low-income clients and communities we represent, the undersigned organizations urge the Bureau to take swift action against the loan holders, debt collectors, and mortgage servicers that are violating the Fair Debt Collection Practices Act (FDCPA), the Real Estate Settlement Procedures Act(RESPA) and the Truth in Lending Act (TILA) in their handling…

Letter Asking for Rulemaking to Ban Medical Debt from Credit Reports

September 26, 2022

Letter from 91 Organizations to CFPB Director Rohit Chopra Asking for Rulemaking to Ban Medical Debt from Credit Reports.

Comments to the Consumer Financial Protection Bureau on its Debt Collection Quantitative Disclosure Testing

December 14, 2017

ents to the Consumer Financial Protection Bureau on its Debt Collection Quantitative Disclosure Testing, OMB Control Number: 3170–XXXX, Docket No. CFPB-2017-0038, 82 Fed. Reg. 52712 by NCLC, on behalf of its low-income clients.

Short Coalition Comments to the CFPB in Response to Advance Notice of Proposed Rulemaking Regarding Debt Collection

February 28, 2014

Debt Collection (Regulation F): 12 CFR Part 10061, Docket No. CFPB-2013-0033, RIN 3170-AA41.

NCLC Comments to CFPB on Consumers’ Access to Their Own Financial Account Data

February 21, 2017

Comments to the Consumer Financial Protection Bureau re: Comments in Response to Requests for Information: Consumer Access to Financial Records, Docket No. CFPB-2016-0048.

Letter to Rohit Chopra Regarding Additional Actions the CFPB Should Take to Protect Consumers with Medical Debt

March 22, 2022

Letter highlighting important additional actions that the CFPB should take to protect and assist consumers with medical debts in collection.

Group Comments on CFPB Taskforce on Federal Consumer Financial Law

June 1, 2020

The 27 undersigned consumer, community, and civil rights groups write in response to the request for information from Taskforce on Federal Consumer Financial Law (Taskforce). We view this Taskforce as illegitimate, one-sided, and highly inappropriate during a pandemic. The Taskforce consists solely of five outside conservative academics and industry lawyers, including those who have represented…

Coalition Letter to CFPB Regarding Training Repayment Agreement Provisions (TRAPs)

September 9, 2022

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