Comment Letter: CFPB Taskforce on Consumer Financial Law

The Financial Health Network submitted these comments to the CFPB Taskforce on Consumer Financial Law in response to a Request for Information on a broad range of consumer protection issues.

The Financial Health Network strongly believes in the importance of consumer protections laws in financial services, and believes that ensuring consumers are well-protected is doubly important in light of the current economic crisis.

We encourage the CFPB to prioritize the measurement of financial health outcomes, provide clarity on consumer data rights issues, and address outstanding problems in the markets for credit, payments, and deposits. The Financial Health Network believes strong consumer protection laws are critical to ensure that market actors are incented to design products and services that build financial health.