Fed Proposal Will Make It Easier to Pay Bills, Receive Wages on Weekends
Federal Reserve proposes to process electronic payments 365 days a year
Read More about Fed Proposal Will Make It Easier to Pay Bills, Receive Wages on Weekends
Federal Reserve proposes to process electronic payments 365 days a year
Read More about Fed Proposal Will Make It Easier to Pay Bills, Receive Wages on Weekends
New guidance addresses how the Fair Housing Act protects renters from common tenant screening practices, including use of AI
A coalition of affordable housing and civil rights organizations applaud Monday’s announcement from the Federal Housing Finance Agency finalizing a rule on fair housing, fair lending, and equitable housing finance.
The population with medical collections remaining on their credit reports is more likely to live in predominantly Black and Hispanic census tracts.
Read More about CFPB Report Confirms Credit Reporting of Medical Debt is a Racial Justice Issue
Advocates Applaud HECM-For-Purchase Policy Change that Will Protect Older Borrowers
Read More about Latest HUD Action Will Prevent Up-Charging in Reverse Mortgage Loans
Today represents a major step forward towards providing long overdue protections for Massachusetts consumers.
Consumer advocates question what is driving higher rates and defend the new late fee rule by the CFPB.
Read More about Synchrony's Planned Rate Hike Unjustified, Advocates Say
Advocates and industry groups welcomed newly adopted energy codes today for federally supported homes across the country.
Read More about Groups Celebrate Updated Energy Efficiency Rules for New U.S.-Backed Homes
Appearing in ProPublica on April 23, 2024, Lizzie Presser covers the introduction of a legislative package on Tuesday that would expand heirs’ property owners’ access to disaster relief and provide assistance in clearing titles. Nketiah “Ink” Berko, an Equal Justice Works fellow, sponsored by the Rossotti Foundation, at the National Consumer Law Center, says that…
Appearing in the Associated Press on April 23, 2024, Cora Lewis talks to NCLC Associate Director Lauren Saunders about short-term, high-interest loans billed as Earned Wage Access. “If (Earned Wage Access) were being used by people to cover one emergency cost a year, it could be better than being subject to overdraft fees or payday…
Appearing in The New York Times on April 23, 2024, Jordyn Holman and Ben Casselman interview NCLC Senior Attorney Chi Chi Wu for coverage of “buy now, pay later” loans and how they aren’t typically reported on consumers’ credit reports. “The credit reporting system is a system that assumes monthly payments, it assumes longer-term loans,…
Read More about The New York Times: ‘Pay Later’ Lenders Have an Issue With Credit Bureaus
Airing during NPR’s Morning Edition on April 23, 2024, Chris Arnold and Quil Lawrence talk to NCLC Senior Attorney Steve Sharpe for a segment on efforts to assist veterans at the highest risk of foreclosure–but it won’t help everyone. “Borrowers who are put into unaffordable modifications and default should be able to immediately access VASP……
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