FOR IMMEDIATE RELEASE: APRIL 30, 2020 National Consumer Law Center contact:  Jan Kruse (jkruse@nclc.org) Washington — Yesterday, the Consumer Financial Protection Bureau (CFPB) released guidance on mortgage originations. While the guidance does no harm to consumers, it also fails to address the real and pressing problems homeowners face as a result of the COVID-19 crisis. [...]

FOR IMMEDIATE RELEASE: APRIL 27, 2020 National Consumer Law Center contact:  Jan Kruse (jkruse@nclc.org) Washington—Last Friday, the Consumer Financial Protection Bureau (CFPB) released a document providing supervisory guidance for mortgage servicing transfers. This document, reportedly under development long before the coronavirus pandemic, sets forth best practices for servicing transfers and acknowledges that servicing transfers pose [...]

FOR IMMEDIATE RELEASE: April 21, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C.  — In a letter to congressional leadership today, consumer and banking industry organizations joined together to urge lawmakers to clarify at the earliest possible opportunity that economic impact payments issued by the federal government in response to the coronavirus pandemic [...]

FOR IMMEDIATE RELEASE: APRIL 17, 2019 National Consumer Law Center contacts: Diane Thompson (dthompson@nclc.org)  or Jan Kruse (jkruse@nclc.org) Washington, D.C. – Today, advocates of 31consumer, civil rights, housing, and real estate trade organizations, including the Leadership Conference on Civil and Human Rights, National Consumer Law Center, Consumer Federation of America, National Community Stabilization Trust, National [...]

FOR IMMEDIATE RELEASE: April 10, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. - Six national consumer groups, including the National Consumer Law Center (on behalf of its low income client), filed comments with the FCC supporting part of the petition by the American Bankers Association and other lenders petition to make automated [...]

FOR IMMEDIATE RELEASE: APRIL 9, 2020 Americans for Financial Reform Contacts: Linda Jun (linda@ourfinancialsecurity.org) or Carter Dougherty (carter@ourfinancialsecurity.org) National Consumer Law Center Contacts: Sarah Mancini (smancini@nclc.org) or Jan Kruse (jkruse@nclc.org) National Fair Housing Alliance Contacts: Debby Goldberg (dgoldberg@nationalfairhousing.org) or Izzy Woodruff (iwoodruff@nationalfairhousing.org) Washington, D.C. - The National Consumer Law Center, Americans for Financial Reform Education [...]

FOR IMMEDIATE RELEASE: April 6, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Millions of Families Could Lose Homes from Job Loss Due to COVID-19 Washington, D.C. – Late last Friday, the Consumer Financial Protection Bureau (CFPB) issued a one-sided policy guidance providing enormous flexibility to mortgage servicers while failing to ensure that distressed [...]

FOR IMMEDIATE RELEASE: APRIL 1, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Boston - Today, the Consumer Financial Protection Bureau issued a policy guidance outlining the “responsibilities” of credit bureaus and furnishers (i.e., creditors and debt collectors) during the COVID-19 pandemic. The following is a statement in response from Chi Chi Wu, staff [...]

FOR IMMEDIATE RELEASE: APRIL 1, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. - The U.S. Department of the Treasury must act immediately to ensure that the stimulus payments about to go out to millions of Americans are available for food and necessities and are not grabbed by debt collectors, according to [...]