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So far Stephen Rouzer has created 15 blog entries.
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FHFA’s Delay of Fannie & Freddie Mortgage Refinancing Fee is a Necessary Yet Utterly Insufficient Step for Struggling Homeowners

2020-08-26T21:12:41-05:00August 26, 2020|Categories: Media Center, Press Releases (Archived)|

Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced yesterday that a fee from Fannie Mae and Freddie Mac, which FHFA previously approved and which makes refinancing more expensive for mortgages backed by those companies, will be delayed until December 1. FHFA also said the fee will not apply to refinance loans with balances [...]

Amicus Briefs

2020-09-17T14:48:17-05:00July 17, 2020|Categories: Litigation|

Below are some of the amicus briefs filed by NCLC and our partners on behalf of our low-income clients. In collaboration with national, state, and local organizations and attorney advocates, NCLC provides guidance on a wide range of cases impacting low- to middle-income consumers and their families.  Access to Justice || Civil Rights || Consumer [...]

Advocates Slam FDIC Proposed Rule for Industrial Loan Companies as Invitation for Predatory Lending

2020-07-02T13:11:25-05:00July 2, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: July 2, 2020 National Consumer Law Center contacts: Stephen Rouzer (srouzer@nclc.org) or Lauren Saunders (lsaunders@nclc.org) The bank regulator’s plan, described as “recipe for disaster” and as a way to “fuel financial exclusion,” provides an avenue for lenders to evade state laws that cap interest rates and to harm families suffering most in [...]

Alert: IRS Sending Letters About Unactivated Stimulus Prepaid Cards

2020-07-02T10:43:19-05:00July 2, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: July 2, 2020 National Consumer Law Center contacts: Stephen Rouzer (srouzer@nclc.org) or Lauren Saunders (lsaunders@nclc.org) WASHINGTON, D.C. – People who have not received their Economic Impact Payments (EIP) should be on the lookout for letters being sent starting today by the Internal Revenue Service (IRS) telling them that they may have an [...]

Advocates Praise California Public Utility Commission’s Unanimous Vote to Pass Utility Shut-Off Protections for Residents

2020-06-16T10:23:00-05:00June 12, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: JUNE 12, 2020 Media Contacts: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) or Stephen Rouzer (srouzer@nclc.org) Center for Accessible Technology: Melissa Kasnitz (mkasnitz@cforat.org) California adopts rules and programs to reduce residential disconnections from gas and electric service  San Francisco – Consumer advocates praised yesterday’s unanimous vote by the California Public Utilities Commission (CPUC) [...]

Los Angeles County Ends PACE Program Marred by Fraud, Abuse, and Unaffordable Loans

2020-05-20T16:01:26-05:00May 20, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: John Rao (jrao@nclc.org) or Stephen Rouzer (srouzer@nclc.org) Los Angeles County Ends PACE Program Marred by Fraud, Abuse, and Unaffordable Loans Thousands of LA County homeowners have been trapped in unaffordable loans through the Property Assessed Clean Energy financing program WASHINGTON, D.C – Effective May [...]

Trump Administration’s plan to pause student loan payments is woefully insufficient

2020-03-23T13:13:05-05:00March 20, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 20, 2020 National Consumer Law Center Contact: Jan Kruse at jkruse@nclc.org BOSTON―Today, advocates warn that the plan announced by the U.S. Secretary of Education Betsy DeVos to allow borrowers with federally held student loans the option to suspend their payments falls far short of what is needed in this national crisis. [...]

High-Cost Rent-a-Bank Loan Watch List

2020-09-04T20:34:42-05:00March 17, 2020|Categories: High Cost Small Loans|

Interest rate limits are the simplest and most effective protection against predatory lending. Since the time of the American Revolution, states have limited interest rates to protect their residents. American voters strongly support interest rate caps. At least 45 states and the District of Columbia (DC) cap rates on at least some installment loans. But [...]

West Virginia to Adopt Used Car Donor Tax Credit Program, Incentivizing Donation of Reliable and Affordable Vehicles

2020-03-02T14:43:49-05:00March 2, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 2, 2020 Good News Mountaineer Garage contact: Ron Wiles (goodnews.ron@gmail.com) or (304) 680-7140; National Consumer Law Center contacts: Margot Saunders (msaunders@nclc.org), Stephen Rouzer (srouzer@nclc.org) or (202) 595-7847 This afternoon, the West Virginia state senate unanimously approved HB 4969, Creating a Used Car Donor Tax Credit Program to incentivize the donation and [...]

Consumer and Civil Rights Groups Strongly Oppose FDIC Rent-a-Bank Payday Proposal that Would Sidestep State Interest Rate Caps

2020-02-05T15:38:08-05:00February 5, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: February 5, 2020 National Consumer Law Center and Center for Responsible Lending Experts to Testify in Rent-a-Bank Hearing before U.S. House Today at 10am ET Washington, D.C. – Eleven national consumer and civil-rights groups submitted a comment letter late yesterday to the Federal Deposit Insurance Corporation (FDIC) strongly opposing the federal banking [...]