Published: July 2018

The CFPB’s consumer education programs must be protected

In open comments to the agency, advocates urged the Consumer Financial Protection Bureau (CFPB) to keep its education programs, just one component in its set of consumer protection tools. Other Bureau responsibilities, including its enforcement and rulemaking authority, should also be utilized to fully protect consumers in accordance with the CFPB’s mission.

While the acting director of the Consumer Financial Protection Bureau (CFPB) is busy reevaluating the mission of the agency, and its offerings, coalition advocates urged the CFPB to stay true to its original mission of protecting consumers. In order to do so, advocates urged the CFPB to utilize its consumer financial education programs—an important piece of the overall consumer financial education system.

                                                                                                                                                                                             

Lead Organization

National Housing Resource Center (NHRC)

Other Organizations

Allied Progress | Americans for Financial Reform | Cambridge Credit Counseling | Community Reinvestment Solutions, Inc. | Consumer Action | Consumer Credit and Budget Counseling | Consumer Federation of America | eHome America | Guidewell Financial Solutions | HomeFree-USA | National Caucus and Center for Community Economic Development | National Coalition for Asian Pacific American Community Development National Community Reinvestment Coalition | National Consumer Law Center (on behalf of its low income clients) | National Fair Housing Alliance | National Housing Resource Center | National NeighborWorks Association | Navicore Solutions | UnidosUS | U.S. PIRG | Woodstock Institute

More Information

For more information, please visit NHRC.

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The CFPB’s consumer education programs must be protected   (FinancialEducationRFI_.pdf)