Removing Barriers Blog

CFPB Issues ANPR on PACE Financing
Posted March 04, 2019 by CUNA Advocacy

The CFPB issued an Advance Notice of Proposed Rulemaking (ANPR) requesting public comment on Property Assessed Clean Energy (PACE) financing.  Last year’s Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) included provisions directing the Bureau to extend certain consumer protections to PACE financing.  

According to the ANPR, the “information solicited will enable the Bureau to better understand the market and unique nature of PACE financing. This will help the Bureau formulate proposed regulations that not only would achieve statutory objectives but also would reflect a careful consideration of costs and benefits.”   

Both CUNA and the leagues have been active on the PACE financing issue, pushing the Bureau to quickly implement the statutory requirements of S. 2155. 

Interested parties will have 60 days after publication in the Federal Register to comment.