This article provides an overview of FCRA preemption, discusses why the new 2025 interpretive rule is wrong, and provides suggestions for state policy advocates on how to “preemption proof” their state laws.
Read More about Digital Library: What the CFPB’s Recent FCRA Preemption Guidance Gets Wrong
This testimony describes why we recommend that consumer protection for financial products and services be consolidated within a new federal Consumer Financial Protection Agency. A review of the history of consumer protection by the Federal Reserve and the other banking agencies demonstrates consistent inattention, at best, and opposition, at worst, to the needs of consumers.…
This is a comment from fifty-two (52) consumer, economic justice, privacy, and advocacy groups to the Consumer Financial Protection Bureau’s (CFPB) Advance Notices of Proposed Rulemaking reconsidering its final Personal Financial Data Rights rule implementing section 1033 of the Dodd-Frank Act. The comment strongly supports the current 1033 Rule as issued in October 2024 and…
Read More about Coalition Comment Urging CFPB to Keep a Strong Personal Financial Data Rights Rule
NCLC and the Consumer Federation of America submitted comments to the CFPB opposing the proposed rulemaking to define the risks to consumers that would qualify an entity for risk-based supervision. The proposed rule directly contravenes the intention of Congress to give the Bureau considerable discretion in its exercise of this supervision authority, and it attempts…
Rigorous Supervision Is Needed to Protect People from Financial Abuse
The undersigned groups submit these comments on the Consumer Financial Protection Bureau’s (CFPB) four advance notices of proposed rulemaking (ANPR) on whether to propose a rule to change the definition of larger nonbank participants in the auto finance, debt collection, credit reporting and international money transmission markets. The ANPRs suggest that the number of companies…
The National Consumer Law Center submitted comments, co-authored by the Consumer Federation of America, to the Consumer Financial Protection Bureau regarding the Bureau’s notice that it is considering amending which participants in the auto finance market are considered larger participants. Entities defined as larger participants are potentially subject to supervision by the CFPB and the…
These are comments of the National Consumer Law Center (on behalf of its low-income clients) and the Consumer Federation of America in response to the CFPB’s advance notice of proposed rulemaking on whether to raise the threshold for defining larger participants in the consumer reporting market from $7 million in receipts from consumer reports to…
The National Consumer Law Center (on behalf of its low-income clients) and Consumer Federation of America appreciate the opportunity to submit these comments on the Consumer Financial Protection Bureau’s (CFPB) advance notice of proposed rulemaking (ANPR) on whether to propose a rule to amend the test to define larger nonbank participants in the consumer debt…
Read More about Defining Larger Participants of the Consumer Debt Collection Market
Split Panel Decision Allows Hundreds of Positions to be Eliminated at Already Weakened CFPB, But May be Subject to Review by Full Court
Read More about Circuit Court Allows Mass Firings at Consumer Agency
This article brings readers up to date on the latest developments on litigation involving the CFPB rule, new state legislation, and how consumers should respond to the voluntary actions by the big three.
Read More about Digital Library: The Latest on Keeping Medical Debt Out of Credit Reports
Fund Compensates Victims of Companies that Hide Assets After Breaking the Law WASHINGTON – A proposal by the Consumer Financial Protection Bureau (CFPB) to limit the permissible uses of the Consumer Financial Civil Penalty Fund may signal a plan to stop compensating victims of companies that violate the law and then say they have no…
Read More about Proposed Rule Limiting Uses of Civil Penalty Fund Feeds Lies about the CFPB
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate
