Consumer Financial Protection Bureau (CFPB) Archives

Letter to the CFPB Addressing the Bureau’s Approach to Consumers with Limited English Proficiency

November 30, 2020

The 26 undersigned consumer, civil and human rights, labor, community and legal servicesorganizations write to voice concerns with the Bureau’s approach to consumers withLimited English Proficiency (LEP consumers) in the recently finalized Debt Collection Practices(Regulation F) rule, and to encourage the Bureau to provide greater protections in its upcomingdisclosure rule under the FDCPA.

Amicus Brief: Seila Law v. CFPB

January 22, 2020

This brief supports the 9th Circuit’s ruling that the Dodd-Frank Act provision providing that the Director of the CFPB only can be terminated by the President for-cause is constitutional.

Comments to the CFPB Regarding Residential Property Assessed Clean Energy (PACE) Financing

May 7, 2019

Comments on the evolution of PACE mortgage loans and how Congress’s directive to issue regulations presents an opportunity to ensure that this emerging credit product abides by safe and transparent practices.

Consumer Protection Regulation

CFPB Issues Three FCRA Interpretations with Widespread Implications

August 2, 2022

This article examines practice implications of three recent CFPB interpretations of the Fair Credit Reporting Act, including: tenant and background screening companies’ use of name-only matching violates the FCRA; users are strictly liable for permissible use violations; and state law can limit when medical debt, evictions, rental arrears, and criminal records can first be reported.

Group Comments to CFPB’s Advanced Notice of Proposed Rulemaking on Credit Card Late Fees

August 1, 2022

Americans for Financial Reform Education Fund, Consumer Federation of America, and the National Consumer Law Center submit the following comments in response to the CFPB's Advance Notice of Proposed Rulemaking on Credit CARD Late Fees and Late Payments. We thank the CFPB for taking the initiative to re-examine whether the Regulation Z provisions governing credit card late fees still produces safe harbors and late fees that are “reasonable and proportional” to the costs incurred by the credit card issuer from late payments.

Consumer Advocates Applaud CFPB Rule Affirming States’ Ability to Police Credit

June 28, 2022

June 28, 2022 CFPB Interpretive Rule Clarifies that Scope of Federal Preemption is Narrow and Targeted BOSTON – Today, advocates at the National Consumer Law Center commended the Consumer Financial Protection Bureau for affirming the authority of states to regulate credit bureaus, tenant screening companies, and background check agencies, with only limited restrictions. The CFPB…

New FedNow Rules Lack Fraud Protection

May 19, 2022

May 19, 2022 Fed to launch FedNow instant payments service in 2023 WASHINGTON – The final FedNow rules announced today by the Federal Reserve Board lack protection against scams and fraud, which, if unaddressed, could leave consumers exposed when the payment service launches next year, warns advocates at the National Consumer Law Center, National Consumers…

Consumer and Survivor Advocacy Groups Comments to CFPB on Proposed Rule to Protect Trafficking Survivors

May 9, 2022

The undersigned survivor advocacy and consumer groups are pleased to submit these commentsin response to the Consumer Financial Protection Bureau (CFPB)’s Notice of Proposed Rulemaking regarding the Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking, Docket No. 2022-0023, issued April 8, 2022. This prohibition was added as Section 605C…

Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”

May 2, 2022

Leading consumer advocacy organizations submitted an extensive comment letter detailing junk fees across a wide range of consumer financial products and services.

Consumer Comments to the CFPB Regarding Junk Fees Imposed by Providers of Consumer Financial Products or Services

May 2, 2022

Comments addressing the CFPB’s authority to regulate junk fees and some common themes across different markets.

Advocates Applaud CFPB Report Highlighting the Toll of Inaccurate Medical Billing on Consumers

April 20, 2022

April 20, 2022 WASHINGTON – Today, the Consumer Financial Protection Bureau (CFPB) issued a report examining the financial consequences of medical billing and collection endured by individuals and families nationwide. The report draws from analysis of the rising volume of medical billing and collection complaints submitted to the CFPB, which show “coercive credit reporting and…

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Letter to the CFPB Addressing the Bureau’s Approach to Consumers with Limited English Proficiency

Amicus Brief: Seila Law v. CFPB

Comments to the CFPB Regarding Residential Property Assessed Clean Energy (PACE) Financing

Consumer Protection Regulation

CFPB Issues Three FCRA Interpretations with Widespread Implications

Group Comments to CFPB’s Advanced Notice of Proposed Rulemaking on Credit Card Late Fees

Consumer Advocates Applaud CFPB Rule Affirming States’ Ability to Police Credit

New FedNow Rules Lack Fraud Protection

Consumer and Survivor Advocacy Groups Comments to CFPB on Proposed Rule to Protect Trafficking Survivors

Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”

Consumer Comments to the CFPB Regarding Junk Fees Imposed by Providers of Consumer Financial Products or Services

Advocates Applaud CFPB Report Highlighting the Toll of Inaccurate Medical Billing on Consumers

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