(Reuters) – The U.S. consumer finance watchdog agency on Tuesday finalized new regulations that the agency said would protect home improvement borrowers who finance solar panels and other purchases through their property taxes.
The announcement from the U.S. Consumer Financial Protection Bureau came amid continued Republican demands from Capitol Hill that President Joe Biden’s administration stop passing new regulations ahead of President-elect Donald Trump’s inauguration next month.
“The current rule prevents unscrupulous companies and sellers from luring homeowners into unaffordable loans based on false promises of energy savings,” said CFPB Director Rohit Chopra.
