Letter to the Consumer Financial Protection Bureau re: proposed No-Action Letter and Product Sandbox proposal
A group of 80 consumer, civil rights, legal services, labor and community groups and environmental groups write in strong opposition to the proposed changes to the Consumer Financial Protection Bureau’s (CFPB or Bureau) no-action letter policy and to the new proposed product sandbox.
Comments on Policy on No-Action Letters and the BCFP Product Sandbox Submitted to the Consumer Financial Protection Bureau
Consumer groups filed comments in the CFPB docket on creating a national “sandbox” for financial services and on drastically changing the CFPB’s No-Action Letter policy. CEI joined NCLC and other national groups in a longer comment that includes a discussion of the Arizona experience so far with our Regulatory Sandbox Program. You can find that section at page 48-53 of the long comment linked below. The CFPB proposal came from Paul Watkins, formerly of the Arizona Office of Attorney General, who led their campaign to create a “sandbox” in Arizona.
Comments submitted to the CFPB | February 11, 2019 >>> Reference: Docket No. CFPB-2018-0042, issued December 13, 2018 <<<
Comments in response to the FDIC's Request for Information on Small-Dollar Lending
Comments in response to the National Credit Union Administration's (NCUA) proposal to expand its payday alternative loan program
CEI Letter to the Secretary of the Board, NCUA | July 30, 2018, Updated August 24, 2018
>>> Reference: Payday Alternative Loans, Proposed Rule, 12 CFR Part 701, RIN 3133-AE84, issued May 24, 2018 <<<
Letter Re: Arizona “Regulatory Sandbox Program” Implementation
Coalition Letter to AZ Attorney General | July 24, 2018 >>> Reference: House Bill 2434, signed 03/22/2018 <<<