Newsroom

Reverse Mortgage Servicing Problems Put Homeowners At Risk

February 6, 2023

Advocates Call On Federal Housing Agency (FHA) and the Consumer Financial Protection Bureau (CFPB) to Prevent Additional Home Losses WASHINGTON – There are roughly 480,000 reverse mortgages currently outstanding in the United States and this number is expected to grow as baby boomers age. But a new report, Unmet Promises: Reverse Mortgage Servicing Challenges and…

Beware Holiday Shoppers: Deferred Interest Promotions Promise No Interest Now, but Can Cost Big Bucks Later

November 15, 2018

Download NCLC infographic of big ticket holiday gifts’ cost at time of purchase and with deferred interest: https://www.nclc.org/resources/dont-let-deferred-interest-ruin-your-holidays/ Boston – As Black Friday approaches, the National Consumer Law Center warns holiday shoppers of a lurking danger in the local mall, big box store or online: deferred interest promotions on credit cards. These promotions entice consumers with…

Earlier Legislation

January 1, 2021

118th Congress (2023-2024) Access to Justice Banking, Payments & Remittances Consumer Protection Regulation Credit Reporting & Data Fairness Criminal Justice Debt & Bankruptcy Disaster Relief Energy Efficiency Energy, Utilities & Telecommunications Equity & Racial Justice High-Cost Credit Homeownership & Foreclosure Language Access and Immigrant Rights Payments & Payment Fraud Student Loans 117th Congress (2021-2022) Access…

NCLC Publishes 2023 Edition of Surviving Debt: Expert Advice for Getting Out of Financial Trouble

February 1, 2023

The National Consumer Law Center releases the revised 2023 edition of Surviving Debt, which provides precise, practical advice for families and individuals living with debt burdens. BOSTON – The National Consumer Law Center (NCLC) has released the new and revised 2023 edition of Surviving Debt, the book recently named “best all-around guide to navigating debt”…

Advocates Praise FHA’s Expansion of Access to Foreclosure Alternatives

January 31, 2023

National Consumer Law Center (NCLC) advocates applaud the Federal Housing Administration’s (FHA) decision yesterday to give all borrowers facing financial hardship access to crucial foreclosure alternatives that the agency developed in response to the pandemic. FHA’s announcement also makes it easier to access these options for homeowners eligible for the administration’s Homeowners Assistance Fund and…

Fannie Mae/Freddie Mac Note Sales Undermine Homeownership

January 30, 2023

Government-Sponsored Enterprises (GSEs) Undercut Goals of Expanding Homeownership Through Bulk Sales of Homes to Investors WASHINGTON – Today, the National Consumer Law Center released a report examining how Fannie Mae’s and Freddie Mac’s bulk sale of 700,000 home loans to private investors has undercut their goals of supporting and expanding homeownership. Fannie Mae and Freddie…