The Consumer Financial Protection Bureau’s (CFPB) recently issued advance notice of proposed rulemaking (ANPR) on residential Property Assessed Clean Energy (PACE) financing programs that would implement a portion of the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA) and address concerns raised by trade advocates.
PACE programs have been criticized by financial trade associations that argue they should be subject to the same federal consumer protection stipulations as other mortgage products.
Find out more details about the ANPR and what trade advocates have said about PACE programs.