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The National Consumer Law Center urges the Bureau to modify the mortgage servicing rules in Regulation X, 12 C.F.R. Part 1024, to provide consistent, fair, and transparent protections to borrowers across the mortgage market. NCLC requests that the Bureau remove the HELOC exemption from Regulation X sub-part C; remove the reverse mortgage exemption from Regulation…
NCLC and NHLP submitted comments in strong support of the CFPB’s proposed consumer protection regulations for PACE loans, with recommendations to strengthen the proposal and help it more fully meet its goals.
Americans for Financial Reform Education Fund, along with 20 organizations in the housing, consumer protection, climate and environmental justice, and community investment spaces, submitted comments on the Consumer Financial Protection Bureau (CFPB)’s proposed rule on residential Property Assessed Clean Energy (PACE) financing. The comment urges the CFPB to finalize this rule swiftly to protect consumers.…
Read More about Americans for Financial Reform Coalition Comment to CFPB on PACE Rulemaking
NCLC joined a letter by several organizations expressing strong opposition to the FY2024 Financial Services and General Government appropriations bill, which would deprive federal agencies of their appropriate levels of funding and undermine critical consumer protections with its harmful ideological policy riders. The bill unnecessarily attacks federal agencies established to safeguard the financial health and…
Read More about Letter in Opposition to Anti-Consumer Appropriations Riders
NCLC joined other consumer organizations in supporting the CFPB’s statement of policy regarding the prohibition on abusive acts and practices and submitted comments outlining a number of types of abusive practices, which impact wide swaths of American consumers and have an especially negative impact on vulnerable and marginalized communities.
Read More about Abusive Acts and Practices: Comments to CFPB
NCLC submitted comments to the Consumer Financial Protection Bureau (CFPB), along with several other advocacy organizations, in support of the CFPB’s policy statement regarding the prohibition on abusive acts and practices. NCLC contributed a section elaborating on abusive conduct that affects consumers who are currently or were formerly incarcerated and their loved ones (pp. 22-26).…