{"id":285994,"date":"2026-04-20T15:10:10","date_gmt":"2026-04-20T19:10:10","guid":{"rendered":"https:\/\/ncrc.org\/?p=285994"},"modified":"2026-04-20T15:16:33","modified_gmt":"2026-04-20T19:16:33","slug":"ncrc-comment-on-draft-cfpb-strategic-plan-for-fy-2026-2030","status":"publish","type":"post","link":"https:\/\/ncrc.org\/ncrc-comment-on-draft-cfpb-strategic-plan-for-fy-2026-2030\/","title":{"rendered":"NCRC Comment on Draft CFPB Strategic Plan for FY 2026-2030"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"285994\" class=\"elementor elementor-285994\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-215f5a73 e-flex e-con-boxed e-con e-parent\" data-id=\"215f5a73\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b228d8a elementor-widget elementor-widget-off-canvas\" data-id=\"b228d8a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;entrance_animation&quot;:&quot;slideInDown&quot;,&quot;exit_animation&quot;:&quot;slideInDown&quot;}\" data-widget_type=\"off-canvas.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div id=\"off-canvas-b228d8a\" class=\"e-off-canvas\" role=\"dialog\" aria-hidden=\"true\" aria-label=\"Off-Canvas\" aria-modal=\"true\" inert=\"\" data-delay-child-handlers=\"true\">\n\t\t\t<div class=\"e-off-canvas__overlay\"><\/div>\n\t\t\t<div class=\"e-off-canvas__main\">\n\t\t\t\t<div class=\"e-off-canvas__content\">\n\t\t\t\t\t<div class=\"elementor-element elementor-element-122eaa5 e-con-full e-flex e-con e-child\" data-id=\"122eaa5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cd42bcd elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"cd42bcd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<a class=\"elementor-icon\" href=\"#elementor-action%3Aaction%3Doff_canvas%3Aclose%26settings%3DeyJpZCI6ImIyMjhkOGEiLCJkaXNwbGF5TW9kZSI6ImNsb3NlIn0%3D\">\n\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-times\" viewBox=\"0 0 352 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M242.72 256l100.07-100.07c12.28-12.28 12.28-32.19 0-44.48l-22.24-22.24c-12.28-12.28-32.19-12.28-44.48 0L176 189.28 75.93 89.21c-12.28-12.28-32.19-12.28-44.48 0L9.21 111.45c-12.28 12.28-12.28 32.19 0 44.48L109.28 256 9.21 356.07c-12.28 12.28-12.28 32.19 0 44.48l22.24 22.24c12.28 12.28 32.2 12.28 44.48 0L176 322.72l100.07 100.07c12.28 12.28 32.2 12.28 44.48 0l22.24-22.24c12.28-12.28 12.28-32.19 0-44.48L242.72 256z\"><\/path><\/svg>\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-efffd06 e-con-full e-flex e-con e-child\" data-id=\"efffd06\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b471072 elementor-widget elementor-widget-text-editor\" data-id=\"b471072\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Complete the form to download the pdf:<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6814e06 elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"6814e06\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"New Form\" aria-label=\"New Form\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"285994\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"6814e06\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"NCRC Comment on Draft CFPB Strategic Plan for FY 2026-2030 &raquo; NCRC\" \/>\n\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"queried_id\" value=\"285994\"\/>\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-field_d274b14 elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[field_d274b14]\" id=\"form-field-field_d274b14\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"First Name\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-field_37dc9cf elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[field_37dc9cf]\" id=\"form-field-field_37dc9cf\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Last Name\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Email\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-field_31e3e7e elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[field_31e3e7e]\" id=\"form-field-field_31e3e7e\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Organization\/Company Name\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-field_5e53299 elementor-col-100 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[field_5e53299]\" id=\"form-field-field_5e53299\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Zip Code\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-acceptance elementor-field-group elementor-column elementor-field-group-field_6521488 elementor-col-100\">\n\t\t\t\t\t\t\t<div class=\"elementor-field-subgroup\">\n\t\t\t<span class=\"elementor-field-option\">\n\t\t\t\t<input type=\"checkbox\" name=\"form_fields[field_6521488]\" id=\"form-field-field_6521488\" class=\"elementor-field elementor-size-sm  elementor-acceptance-field\" checked=\"checked\">\n\t\t\t\t<label for=\"form-field-field_6521488\">Yes, send me updates by email about NCRC research, events and news.<\/label>\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download Now<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdd9387 elementor-widget elementor-widget-button\" data-id=\"bdd9387\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#elementor-action%3Aaction%3Doff_canvas%3Aopen%26settings%3DeyJpZCI6ImIyMjhkOGEiLCJkaXNwbGF5TW9kZSI6Im9wZW4ifQ%3D%3D\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e423134 elementor-widget elementor-widget-text-editor\" data-id=\"e423134\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>April 17, 2026<\/p><p>Acting Director Russell Vought<br \/>Consumer Financial Protection Bureau<br \/>1700 G Street, N.W.<br \/>Washington, DC 20552\u2003\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p><p>By email submission:\u00a0<a href=\"mailto:CFPB_Strategy@cfpb.gov\">CFPB_Strategy@cfpb.gov<\/a><\/p><p>Re: NCRC Comment on Draft CFPB Strategic Plan for FY 2026-2030<\/p><p>Dear Acting Director Vought:<\/p><p>The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on the Consumer Financial Protection Bureau (CFPB) Draft Strategic Plan for FY 2026-2030 (Draft Strategic Plan).<a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a>\u00a0Overall, the Draft Strategic Plan outlines a contraction of the CFPB\u2019s mission, vision, and values that potentially will harm low-to-moderate income (LMI) communities.<\/p><p>NCRC is a network of more than 700 community-based organizations dedicated to creating a nation that not only promises but delivers opportunities for all Americans to build wealth and attain a high quality of life. We work with community leaders and policymakers to advance solutions and build the will to solve America\u2019s persistent racial and socio-economic wealth, income, and opportunity divides, and to make a Just Economy a national priority and a local reality.<\/p><p>NCRC believes that the CFPB\u2019s proposed goals, strategies and objectives<a href=\"#_ftn2\" name=\"_ftnref2\">[2]<\/a>\u00a0as described in the Draft Strategic Plan are inconsistent with the Consumer Financial Protection Act (CFPA), the CFPB\u2019s authorizing statute, and the CFPB\u2019s purpose. NCRC urges the CFPB to\u00a0<strong>not<\/strong>: undercut its ability to protect consumers through dramatic staff reductions; scale back HMDA and Section 1071 regulations; place limits on its fair lending and other enforcement work; and limit its supervisory work to depository institutions.<\/p><p>If implemented as proposed, the proposed reductions in staff, the undoing of regulations that protect consumers from harm and discrimination, and the unreasonable limits on fair lending and enforcement work, will impede the CFPB from its statutory mandate to protect consumers. By focusing its supervisory work on depository institutions, it will leave vast portions of the consumer financial market unsupervised. These outcomes are inconsistent with a robust consumer protection program and NCRC urges the CFPB to address these concerns.<\/p><ol><li><strong>CFPB should not undercut its ability to protect consumers by severely reducing its staff.<\/strong><\/li><\/ol><p>To execute on the Draft Strategic Plan\u2019s third goal, the CFPB proposes to \u201cstrengthen\u201d its \u201cgovernance and culture\u201d by what it calls a streamlining of organizational structures and functions.<a href=\"#_ftn3\" name=\"_ftnref3\">[3]<\/a>\u00a0Since the release of the Draft Strategic Plan, the CFPB filed a Reduction in Force (RIF) proposal with the Court of Appeals in connection with the lawsuit filed by the National Treasury Employees Union and others to prevent Acting Director from dismantling the CFPB through drastic reductions in staff.<a href=\"#_ftn4\" name=\"_ftnref4\">[4]<\/a><\/p><p>Stated simply, the CFPB\u2019s most valuable resource is its staff. Traditionally, its staffing costs comprise the vast majority of its budget because without sufficient qualified staff, it cannot effectively supervise or enforce the law or otherwise execute its responsibilities under the CFPA. Despite this, in its RIF proposal, the CFPB seeks to cut its staff in half based on current staffing levels, leaving a skeletal crew to cover its entire jurisdictional supervisory and enforcement footprint. That means 50 employees to enforce and 77 employees to supervise a myriad of Federal consumer financial laws in connection the entire regulatory waterfront \u2013 including the consumer product lines offered or provided by depository institutions with over $10 Billion in assets and many nonbanks. While described as a means of increasing efficiency, the Draft Strategic Plan and the proposed RIF Plan will hamstring the CFPB\u2019s ability to enforce or supervise compliance with Federal consumer financial laws, embolden bad actors to exploit its lack of resources, and allow consumer harms to flourish and remain unaddressed.<\/p><ol start=\"2\"><li><strong>CFPB should not scale back HMDA and Section 1071 Implementing Regulations<\/strong><\/li><\/ol><p>The Draft Strategic Plan proposes to implement a deregulatory agenda by rolling back regulations that the CFPB identifies as outdated, unnecessary, or unduly burdensome.<a href=\"#_ftn5\" name=\"_ftnref5\">[5]<\/a>\u00a0NCRC is concerned that in executing this goal the CFPB may remove or curb regulations implementing laws that are of critical importance to our fair lending work and LMI communities, including the Home Mortgage Disclosure Act (HMDA)<a href=\"#_ftn6\" name=\"_ftnref6\">[6]<\/a>\u00a0and Section 1071 of the Consumer Financial Protection Act.<a href=\"#_ftn7\" name=\"_ftnref7\">[7]<\/a><\/p><p>The CFPB should not weaken HMDA data collection. HMDA has long been one of the Bureau\u2019s most important transparency and fair lending tools because it allows regulators, researchers, advocates, and communities to identify patterns in mortgage access, pricing, and potential discrimination. Comprehensive HMDA data allows NCRC to compare access to mortgage credit within neighborhoods and surrounding cities, produce local overviews of mortgage lending, and help design programs for low-income homebuyers based on actual market conditions.<a href=\"#_ftn8\" name=\"_ftnref8\">[8]<\/a> Weakening HMDA would do more than reduce reporting obligations; it would diminish accountability and make it harder to identify unmet credit needs and fair lending concerns<\/p><p>Similarly, the CFPB should not reduce the scope of the data collected and maintained under Section 1071 of the Consumer Financial Protection Act. Congress required Section 1071 data collection \u201cto facilitate enforcement of fair lending laws\u201d<a href=\"#_ftn9\" name=\"_ftnref9\">[9]<\/a>\u00a0and to enable communities, governmental entities, and creditors to identify \u201cbusiness and community development needs and opportunities\u201d for women-owned, minority-owned, and small businesses.<a href=\"#_ftn10\" name=\"_ftnref10\">[10]<\/a>\u00a0NCRC has consistently argued in both comments<a href=\"#_ftn11\" name=\"_ftnref11\">[11]<\/a>\u00a0and litigation<a href=\"#_ftn12\" name=\"_ftnref12\">[12]<\/a>\u00a0that Section 1071 was intended to do for small business lending what HMDA has long done for the mortgage market: provide a robust public dataset that can reveal disparities in access to credit, identify credit deserts, and inform community development strategies. A diminished Section 1071 rule would frustrate those statutory purposes and leave the public with an incomplete and unreliable picture of the small business lending market.<\/p><p>A meaningful Section 1071 database must be sufficiently comprehensive to show whether similar businesses are treated differently by race, ethnicity, or gender; whether underserved urban, suburban, and rural communities are receiving access to credit; and whether credit is being offered on fair and affordable terms rather than through higher-cost or predatory products.<\/p><p>The CFPB is tasked with protecting consumers from unfair, deceptive, and abusive acts and practices and from discrimination.<a href=\"#_ftn13\" name=\"_ftnref13\">[13]<\/a>\u00a0Data collection pursuant to HMDA and Section 1071 helps protect consumers from discrimination and thus robust regulatory reporting obligations must continue.\u00a0\u00a0<\/p><ol start=\"3\"><li><strong>CFPB should not place limits on its fair lending and other enforcement work<\/strong><\/li><\/ol><p>The Draft Strategic Plan proposed strategies within its goal of addressing pressing threats to consumers through enforcement action that are inaccurate, inconsistent with existing law, and inadequate to address consumer harm. For example, one of the strategies is to enforce fair lending laws without engaging in \u201cunconstitutional racial classification or discrimination.\u201d<a href=\"#_ftn14\" name=\"_ftnref14\">[14]<\/a>\u00a0However, in order to address potential lending discrimination based on protected characteristics, the Equal Credit Opportunity Act (ECOA) and related case law allow for the consideration of those protected characteristics, such as race, in the evaluation of the conduct.<a href=\"#_ftn15\" name=\"_ftnref15\">[15]<\/a>\u00a0This is particularly important when evaluating whether conduct has caused a disparate impact on communities that have been subject to systemic discrimination. And doing so is not \u201cunconstitutional.\u201d<a href=\"#_ftn16\" name=\"_ftnref16\">[16]<\/a>\u00a0Although the CFPB has proposed changes to Regulation B, ECOA\u2019s implementing regulation, to prohibit disparate impact claims,<a href=\"#_ftn17\" name=\"_ftnref17\">[17]<\/a>\u00a0ECOA and its jurisprudence remain unchanged regardless of whether the CFPB finalizes changes to Regulation B. Thus, the CFPB\u2019s proposed strategy regarding fair lending is inconsistent with current law.<\/p><p>Another strategy under this objective seeks to limit the expenditure of enforcement resources to matters that involve actual consumer harm with identifiable victims with material and measurable consumer damages.<a href=\"#_ftn18\" name=\"_ftnref18\">[18]<\/a>\u00a0Among other things, this could unreasonably limit the CFPB\u2019s enforcement of disclosure regimes in statutes and their implementing regulations, such as the Truth in Lending Act<a href=\"#_ftn19\" name=\"_ftnref19\">[19]<\/a>\u00a0and Regulation Z.<a href=\"#_ftn20\" name=\"_ftnref20\">[20]<\/a>\u00a0With respect to TILA, Congress determined that the failure by creditors to provide required disclosures injures consumers,<a href=\"#_ftn21\" name=\"_ftnref21\">[21]<\/a>\u00a0but did not require proof of such harms to establish a violation. Instead, it imposes statutory damages for violations.<a href=\"#_ftn22\" name=\"_ftnref22\">[22]<\/a>\u00a0Similarly, the Military Lending Act and its implementing regulation<a href=\"#_ftn23\" name=\"_ftnref23\">[23]<\/a>\u00a0require lenders to provide certain disclosures to servicemembers and their dependents prior to providing credit and imposes statutory damages for violations. Requiring a showing of measurable injury could undercut the CFPB\u2019s ability to address conduct that violates important laws that protect consumers, including servicemembers.<\/p><p>Imposing these proposed limitations on enforcement\u2019s work unreasonably and unwarrantedly will impede the CFPB\u2019s ability to protect consumers from fair lending discrimination and other conduct that violates Federal consumer financial protection laws.<\/p><ol start=\"4\"><li><strong>CFPB should focus supervisory resources on risks to consumers, regardless of the provider\u2019s business structure.<\/strong><\/li><\/ol><p>The Draft Strategic Plan\u2019s proposed strategies within its goal of addressing pressing threats to consumers through supervisory action are inconsistent. One of the strategies proposes to \u201c[f]ocus supervision resources on institutions and their product lines that pose the greatest risk to consumers based on the nature of the product, field market intelligence, and the size of the institution and product line.\u201d While another proposes to \u201cshift the focus on supervisory action to depository institutions, opposed to non-depository institutions.\u201d<a href=\"#_ftn24\" name=\"_ftnref24\">[24]<\/a><\/p><p>The CFPB commenced its nondepository supervisory program in 2012 with the express purpose of ensuring that nonbanks play by the same rules as banks.<a href=\"#_ftn25\" name=\"_ftnref25\">[25]<\/a>\u00a0The CFPB has authority to supervise nonbanks such as mortgage loan companies, payday lenders, and private education lenders, regardless of their size.<a href=\"#_ftn26\" name=\"_ftnref26\">[26]<\/a>\u00a0It also has the authority to supervise nonbank larger participants of other markets, as defined by rules issued by the CFPB.<a href=\"#_ftn27\" name=\"_ftnref27\">[27]<\/a><\/p><p>In some markets, depository institutions may not offer the products or services that pose the most risk to consumers. Or, if they do, they are not the biggest market players. For example, ten percent of 2024 CFPB complaints pertained to mortgages.<a href=\"#_ftn28\" name=\"_ftnref28\">[28]<\/a>\u00a0But, banks only originate approximately a third of all residential mortgages and own slightly less than half the servicing rights.<a href=\"#_ftn29\" name=\"_ftnref29\">[29]<\/a>\u00a0Prioritizing depository institutions for mortgage-related supervisory examinations will not address potential consumer risks in over half of the market. Part of the CFPB\u2019s mandate is to monitor the mortgage lending market to prevent another mortgage crisis and thus it should focus its resources on markets and market-players according to the risks they pose to consumers, regardless of the entity\u2019s business structure.<\/p><p>Other federal regulators do not have the ability to supervise nonbanks for compliance with consumer financial laws. A true level playing field requires the CFPB to focus its resources on remedying and preventing consumer harm, regardless of the market or type of institution. And when evaluating the size of an entity\u2019s institutional product line, it should consider its size as relative to those of other market players.<\/p><p>The Draft Strategic Plan\u2019s describes the CFPB\u2019s mission as promoting \u201ccompliance with federal consumer financial laws.\u201d Promoting compliance requires incentives for the market to comply with the law\u2013 namely, a robust supervisory and enforcement program that holds companies that violate the law accountable. The Draft Strategic Plan offers the opposite &#8212; severe reductions in staff, the undoing of regulations that protect consumers from harm and discrimination, unreasonable limits on fair lending and enforcement work, and vast portions of the consumer financial market left unsupervised. We urge the CFPB to revise its strategic plan to ensure it can engage in robust supervision, enforcement, and regulation that will protect consumers.<\/p><p>Thank you for the opportunity to offer our input on the CFPB\u2019s Draft Strategic Plan for FY 2026-2030. If you have any questions, please contact me at jvantol@ncrc.org.<\/p><p>Thank you for your consideration.<\/p><p>Sincerely,<br \/>Jesse Van Tol<br \/>President and CEO\u00a0<br \/>NCRC<\/p><hr \/><p>\u00a0<\/p><p><a href=\"#_ftnref1\" name=\"_ftn1\">[1]<\/a>\u00a0Consumer Fin. Prot. Bureau, Consumer Financial Protection Bureau Draft Strategic Plan for FY 2026-2030 [hereinafter Draft Strategic Plan].<\/p><p><a href=\"#_ftnref2\" name=\"_ftn2\">[2]<\/a>\u00a0<em>Id. (<\/em>The Draft Strategic Plan outlines three goals, and, within each goal, it sets forth objectives and within each objective, it outlines strategies. The purported goals are to: (1) address pressing threats to consumers; (2) reduce unwarranted regulatory burdens; and (3) strengthen our governance and culture.)<\/p><p><a href=\"#_ftnref3\" name=\"_ftn3\">[3]<\/a>\u00a0<em>Id.<\/em>\u00a0at 11.<\/p><p><a href=\"#_ftnref4\" name=\"_ftn4\">[4]<\/a>\u00a0Appellees\u2019 Mot. to Modify the Stay Pending Appeal, for a Limited Remand, and to Place the Appeal in Abeyance,\u00a0<em>Nat\u2019l Treasury Emps. Union v. Consumer Fin. Prot. Bureau<\/em>, No. 25-5091 (D.C Cir. Mar. 31, 2026), Att. A.\u00a0\u00a0Notably, in December, NCRC and others filed action in a different District Court against the CFPB seeking to require the Acting Director\u2019s to request the funds necessary to operate the CFPB and conduct its statutory functions. NCRC prevailed and in March, the District Court ordered Acting Director Vought to request the funds. Order Granting Mot. for Summ. J.,\u00a0<em>Rise Econ. v. Vought et al<\/em>, No. 5:25-cv-10481-EJD (N.D. Cal. Mar. 13, 2026).<\/p><p><a href=\"#_ftnref5\" name=\"_ftn5\">[5]<\/a>\u00a0Draft Strategic Plan at 10.<\/p><p><a href=\"#_ftnref6\" name=\"_ftn6\">[6]<\/a>\u00a0Regulation C, 12\u00a0CFR\u00a0Pt.1003 (implementing Home Mortgage Disclosure Act,12 U.S.C. \u00a7 2801-2810)<em>.<\/em><\/p><p><a href=\"#_ftnref7\" name=\"_ftn7\">[7]<\/a>\u00a015 U.S.C. \u00a7 1691c\u20132.<\/p><p><a href=\"#_ftnref8\" name=\"_ftn8\">[8]<\/a>\u00a0See NCRC, Comment Supporting Maintaining Mortgage Data Collection under HMDA (Mar. 30, 2026), https:\/\/ncrc.org\/ncrc-supports-maintaining-mortgage-data-collection-under-hmda\/.<\/p><p><a href=\"#_ftnref9\" name=\"_ftn9\">[9]<\/a>\u00a0<em>Id.\u00a0<\/em>\u00a7 1691c\u20132(a).<\/p><p><a href=\"#_ftnref10\" name=\"_ftn10\">[10]<\/a>\u00a0<em>Id.<\/em><\/p><p><a href=\"#_ftnref11\" name=\"_ftn11\">[11]<\/a>\u00a0See NCRC,\u00a0<em>Comment on the Proposed Rule to Strip Section 1071 Data Collection<\/em>\u00a0(Dec. 12, 2025), https:\/\/ncrc.org\/ncrcs-comment-on -the-cfpbs-proposed-rule-to-strip-section -1071-data-collection\/.<\/p><p><a href=\"#_ftnref12\" name=\"_ftn12\">[12]<\/a>\u00a0Complaint \u00b6\u00b6 87\u201390,\u00a0<em>Rise Econ. Inc. v. Vought<\/em>, No. 1:25-cv-02374 (D.D.C. July 23, 2025) (alleging that NCRC has consistently pressed CFPB to implement Section 1071, that Section 1071 was modeled after HMDA, and that the absence of Section 1071 data prevents NCRC from identifying discriminatory lending patterns and informing policy reform).<\/p><p><a href=\"#_ftnref13\" name=\"_ftn13\">[13]<\/a>\u00a012 U.S.C. \u00a7 5511(b)(2).<\/p><p><a href=\"#_ftnref14\" name=\"_ftn14\">[14]<\/a>\u00a0Draft Strategic Plan, at 9 (Objective 1.4).<\/p><p><a href=\"#_ftnref15\" name=\"_ftn15\">[15]<\/a>\u00a0See T<em>ex. Dep\u2019t of Hous. and Cmty. Affairs v. Inclusive Cmtys. Project, Inc<\/em>., 576 U.S. 519, 540 (2015), https:\/\/supreme.justia.com\/cases\/federal\/us\/576\/519\/ (holding disparate impact claims may be brought under the Fair Housing Act).<\/p><p><a href=\"#_ftnref16\" name=\"_ftn16\">[16]<\/a>\u00a0<em>Id.<\/em>\u00a0at 521. The\u00a0<em>Inclusive Communities<\/em>\u00a0majority considered and rejected the argument that disparate impact raises intentional discrimination or constitutional risks, noting that the doctrine \u201chas always been properly limited in key respects to avoid\u201d those issues.<\/p><p><a href=\"#_ftnref17\" name=\"_ftn17\">[17]<\/a>\u00a090 Fed. Reg. 50,901, Nov. 13, 2025.<\/p><p><a href=\"#_ftnref18\" name=\"_ftn18\">[18]<\/a>\u00a0Draft Strategic Plan at 9.<\/p><p><a href=\"#_ftnref19\" name=\"_ftn19\">[19]<\/a>\u00a015 U.S.C. \u00a7\u00a7 1601\u20131667f.<\/p><p><a href=\"#_ftnref20\" name=\"_ftn20\">[20]<\/a>\u00a0Regulation Z, 12 CFR Pt. 1026.<\/p><p><a href=\"#_ftnref21\" name=\"_ftn21\">[21]<\/a>\u00a015 U.S.C \u00a7 1602 (identifying in the findings and purpose section of TILA the harms of uniformed use of credit and unfair practices).<\/p><p><a href=\"#_ftnref22\" name=\"_ftn22\">[22]<\/a>\u00a015 U.S.C. \u00a71640(a) (Creditors who fail to comply with TILA \u201care liable\u201d for statutory damages even absent proof of actual harm.)<\/p><p><a href=\"#_ftnref23\" name=\"_ftn23\">[23]<\/a>\u00a010 U.S.C. \u00a7 987 (2024); 32 CFR Part 232.<\/p><p><a href=\"#_ftnref24\" name=\"_ftn24\">[24]<\/a>\u00a0Draft Strategic Plan at 8.<\/p><p><a href=\"#_ftnref25\" name=\"_ftn25\">[25]<\/a>\u00a0Steve Antonakes and Peggy Twohig,\u00a0<em>The CFPB Launces its Nonbank Supervision Program<\/em>, Consumer Fin. Prot Bureau (Jan. 5, 2012), https:\/\/www.consumerfinance.gov\/about-us\/blog\/the-cfpb-launches-its-nonbank-supervision-program\/. This is consistent with the CFPA which provides that the CFPB enforces Federal consumer financial law \u201cconsistently, without regard to the status of a person as a depository institution, in order to promote fair competition[.]\u201d 12 USC \u00a7 5511(b)(4).<\/p><p><a href=\"#_ftnref26\" name=\"_ftn26\">[26]<\/a>\u00a012 U.S.C. \u00a7 5514(a)(1)(A).<\/p><p><a href=\"#_ftnref27\" name=\"_ftn27\">[27]<\/a>\u00a012 U.S.C \u00a7\u00a7 5514(a)(1)(B), 5514(a)(1)(2).<\/p><p><a href=\"#_ftnref28\" name=\"_ftn28\">[28]<\/a>\u00a0Consumer Fin. Prot. Bureau,\u00a0<em>Consumer Response Annual Report January 1-December 31, 2024<\/em>\u00a0(2025), cfpb_cr-annual-report_2025-05.pdf<\/p><p><a href=\"#_ftnref29\" name=\"_ftn29\">[29]<\/a>\u00a0Fin. Stability Oversight Council,\u00a0<em>Report on Nonbank Mortgage Servicing<\/em>\u00a017 (2024).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>&nbsp; Complete the form to download the pdf: Yes, send me updates by email about NCRC research, events and news. Download Now &nbsp; Complete the form to download the pdf: Download April 17, 2026 Acting Director Russell Vought Consumer Financial Protection Bureau 1700 G Street, N.W. Washington, DC 20552? By email submission:\u00a0CFPB_Strategy@cfpb.gov Re: NCRC Comment [&hellip;]<\/p>\n","protected":false},"author":932,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"content-type":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"page_builder":"","footnotes":""},"categories":[1046],"tags":[],"class_list":["post-285994","post","type-post","status-publish","format-standard","hentry","category-testimony"],"acf":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"NCRC","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"&nbsp; Complete the form to download the pdf: Yes, send me updates by email about NCRC research, events and news. Download Now &nbsp; Complete the form to download the pdf: Download April 17, 2026 Acting Director Russell Vought Consumer Financial Protection Bureau 1700 G Street, N.W. Washington, DC 20552? By email submission:\u00a0CFPB_Strategy@cfpb.gov Re: NCRC Comment&hellip;","_links":{"self":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/285994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/users\/932"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/comments?post=285994"}],"version-history":[{"count":0,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/285994\/revisions"}],"wp:attachment":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/media?parent=285994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/categories?post=285994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/tags?post=285994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}