Consumer Financial Protection Bureau (CFPB) Archives

Group Letter to CFPB Acting Director Uejio regarding Additional Modifications to Debt Collection Rule to Better Protect Consumers

March 3, 2021

NCLC has previously urged the Bureau to make critical structural reforms to the final debt collection regulations and to take other important actions to protect and assist consumers with alleged debts in collection, both during the COVID crisis and beyond. This letter supplements, and does not replace, those prior recommendations. It focuses on additional important…

Group Letter Supporting an Amendment in the Nature of a Substitute to the Fair Lending for All Act

May 5, 2021

We are writing to urge your support for H.R. 166, the Fair Lending for All Act. The bill would create an Office of Fair Lending Testing within the Consumer Financial Protection Bureau (CFPB), add two additional protected classes, and create criminal penalties for violations, three necessary improvements.

Group Comments to the CFPB Regarding Seasoned Qualified Mortgage Loan Definition

October 1, 2020

The Qualified Mortgage rule will play a significant role in the shape of the mortgage market going forward and whether homeowners who have been harmed by unsustainable loans, the types of loans targeted by the Dodd-Frank legislation, will have recourse to protect their homes from foreclosure and obtain an affordable mortgage loan. We therefore respectfully request a 60-day extension to this comment period.

Group Comments to the CFPB Regarding Debt Collection Practices

September 18, 2019

The 234 undersigned consumer, civil and human rights, labor, community and legal services organizations from all 50 states and the District of Columbia submit the following comments on the Consumer Financial Protection Bureau’s (CFPB or Bureau) proposed debt collection rules. The rule as proposed does far more to protect abusive debt collectors than consumers.

Group Comments to the CFPB Opposing Changes in Rules on Payday, Title and Certain Installment Loans and Rescission of Ability-to-Repay Rule

May 15, 2019

Comments on Proposal to Rescind Ability-to-Repay Requirements Governing Payday, Vehicle Title, and Certain High-Cost Installment Loans, Docket No. CFPB-2019-0006

Follow-Up Letter to September 24 Letter Urging CFPB to Rescind Guidance Permitting Industry to Exceed FCRA Deadlines

March 25, 2021

Six months ago, consumer and advocacy organizations sent then-Director Kathy Kraninger the attached letter calling on the Consumer Financial Protection Bureau to rescind a portion of its April 1, 2020 guidance on Fair Credit Reporting Act compliance with respect to the CARES Act. We renew that call, and once again urge the CFPB to rescind…

Group Letter to CFPB Regarding Importance of Applying TILA to PACE Loans

January 8, 2020

The undersigned consumer organizations write to urge the Consumer Financial Protection Bureau to ensure that the upcoming proposed rule to implement Section 307 in the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115-174) regarding Property Assessed Clean Energy (PACE) loans adheres to the content and purpose of Congress’s directive and respects the limits on the Bureau’s authority under the Truth in Lending Act (TILA) and other federal statutes.

Consumer Comments to CFPB on Its Plan for Assessing the TRID Rule

January 21, 2020

Comments of the National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Fund, National Association of Consumer Advocates, and the National Fair Housing Alliance regarding the Consumer Financial Protection Bureau’s Request for Informationregarding the Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act(Regulation X) and the Truth In…

Group Comments to the CFPB Regarding Delay of Payday Loan Rule Compliance Date

March 18, 2019

Comments to the Consumer Financial Protection Bureau Proposed Rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date

Comments to the CFPB on the Equal Credit Opportunity Act and Regulation B

December 1, 2020

Coalition comments in response to the Consumer Financial Protection Bureau’s Request for Information (RFI) under the Equal Credit Opportunity Act (ECOA).

Comments to the CFPB Opposing Changes to the Payday Lending Rule

May 15, 2019

Consumer and civil rights groups named above, write to strongly oppose the proposed rescission (“Proposal”)3 of the Consumer Financial Protection Bureau’s rule to establish ability-to-repay requirements for payday and vehicle title loans.

Comments to CFPB on Facilitating the LIBOR Transition by Amending Regulation Z

August 4, 2020

Comments to the Consumer Financial Protection Bureau on Facilitating the LIBOR Transition by Amending Regulation Z by the National Consumer Law Center on behalf of its low income clients with Americans for Financial Reform Education Fund, NAACP, National Community Reinvestment Coalition (NCRC), National Fair Housing Alliance, and Student Borrower Protection Center.