Letters to Regulators: CFPB Should Finalize Residential PACE Rule and Develop Consumer Protections for Emerging Green Lending Products

Americans for Financial Reform Education Fund submitted a comment letter, endorsed by 20 partner organizations, to the Consumer Financial Protection Bureau (CFPB)’s proposed rule on residential Property Assessed Clean Energy (PACE) financing. 

The letter urges the CFPB to finalize the residential PACE rule swiftly to protect consumers. In addition, it recommends that the CFPB monitor and develop guidance for other emerging green lending products. This is particularly relevant given the federal government’s recent role through the Inflation Reduction Act and other recent laws in incentivizing green projects, technologies, and activities, and the financing to support them all.

The final letter can be found here