Americans for Financial Reform Education Fund, along with 20 organizations in the housing, consumer protection, climate and environmental justice, and community investment spaces, submitted comments on the Consumer Financial Protection Bureau (CFPB)’s proposed rule on residential Property Assessed Clean Energy (PACE) financing. The comment urges the CFPB to finalize this rule swiftly to protect consumers. In addition, it urges the CFPB to monitor and incorporate consumer protections into other emerging green lending products, to minimize the types of public harm and negative consequences that resulted from the problematic design of and predatory practices associated with PACE financing.
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