Current Options to Lower Mortgage Payments
This article, the second in the series that deals with home mortgages, details options to lowering or delaying mortgage payments for Fannie Mae, Freddie Mac, FHA, VA, and RHS mortgages.
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What Every Homeowner Should Know About Mortgage Payments
Mortgage problems tend to have a snowballing effect if not resolved quickly. This article covers how to obtain information about your mortgage payments, what happens if you make only a partial payment, disputing the amount due, and key information about escrow, property taxes, and insurance.
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Criminal Justice Debt: Consumer Debt Advice from NCLC
Widespread criminal justice debt—arising from fines, fees, costs, and more—has an outsized impact on consumers, including millions of drivers losing their licenses, seizure of income and assets, and even incarceration. This article provides advice on limiting these consequences and asserting rights against collection of criminal justice debt.
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Consumer Advice: Dealing with Debt Collectors After New Reg. F
Advice to consumers in dealing with debt collectors, taking into consideration new consumer rights and new consumer risks flowing from federal rules that just went into effect on November 30, 2021. This article provides nine ways to stop debt harassment, with sample letters; explains the limits of what collectors can really do; and lists illegal debt…
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Wage Garnishment and Bank Account Seizures
Creditors and debt buyers bring millions of collection lawsuits which usually result in a court judgment for the creditor or debt buyer. This article focuses on consumer rights and strategies to deal with your civil court judgment debt.
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Motor Vehicle Repossessions
The focus of this article is on motor vehicle repossession including limits on self-help repossessions, ten strategies to prevent repossessions, six steps to take after your car is repossessed, and advice on responding to the creditor’s demand for additional payment even after the repossession.
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A Reverse Mortgage Primer
This article provides guidance for consumers on who should consider a reverse mortgage, how it works, foreclosure risks, impacts on spouses, partners, and heirs, and whether it is advisable.
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Consumer Groups Applaud Federal Legislation to Protect Workers from Excessive Wage Seizure
Washington, D.C. – The Center for Responsible Lending (CRL) and National Consumer Law Center (NCLC) today expressed support for the Protecting Wages of Essential Workers Act of 2022 (Protecting Wages Act). The bill will ensure that working Americans who hold consumer debt are not hit with excessive wage seizures that leave them unable to afford…
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Digital Library: Practice Implications of Fifth Circuit Ruling That CFPB Funding Unconstitutional
The substantive decision that the CFPB’s independent funding mechanism violates the Appropriations Clause is radical and unprecedented. But even more extreme is the decision that the remedy for this unconstitutional funding mechanism is that the CFPB’s Payday Lending Rule must be found invalid because it was promulgated using unconstitutional funding.
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Updated Credit Scoring Models Will Benefit Borrowers
New Model Will Improve Accuracy and Reduce Impact of Paid Collection Items and Medical Debt
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Appeals Court Ruling on CFPB Threatens to Perpetuate Predatory Financial Practices
5th Circuit Decision Jeopardizes a Decade of Consumer Protections WASHINGTON – In an outrageous opinion that endangers efforts to protect American consumers from big banks and predatory actors, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit ruled this week that the funding mechanism of the Consumer Financial Protection Bureau (CFPB)…
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