Petition to the CFPB for FCRA Rulemaking on Coerced Debt
NCLC and CSAJ submit this petition for rulemaking under the FCRA to the CFPB asking the Bureau to:
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NCLC Comments to CFPB on Fees Imposed in Residential Mortgage Transactions
Closing costs are an expensive and confusing part of obtaining a mortgage. While addressing these issues can have some effect on entrance into the homeownership market and can also affect the cost of refinancing into a more affordable monthly payment, the Bureau should also focus on other more significant barriers to affordable homeownership, such as…
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90 Consumer, Civil Rights and Community Organizations and Academics Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule
The 90 undersigned consumer, civil rights and community organizations and academics submit these comments on the Consumer Financial Protection Bureau’s Interpretive Rule regarding buy now pay later (BNPL) credit. We support the CFPB’s conclusion that accounts used to access BNPL credit are credit cards that must comply with credit card rules governing disputes, errors, periodic…
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NCLC & Consumer Reports Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule
Consumer Reports and the National Consumer Law Center, on behalf of its low-income comments, submitted comments on the Consumer Financial Protection Bureau’s (CFPB) proposed Interpretive Rule under the Truth in Lending (Regulation Z) on Use of Digital User Accounts to Access Buy Now, Pay Later Loans. As we described more fully in response to the…
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Comment on California Earned Wage Advance Regulation
Consumer and labor organizations submitted comments to the California Department of Financial Protection and Innovation urging DFPI to update the proposed regulations for earned wage advances to require providers to comply with California’s interest rate limits.
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Texas Comment Letter to FEMA on Equity Interim Final Rule
This comment provides input a wide range of FEMA policies that could increase equitable access to disaster relief for the hardest hit disaster survivors, including the need to improve procedures for heirs property owners and others with non-traditional homeownership.
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NCLC Comments on the Importance of the APR and CFPB's Proposed TILA RESPA Integrated Disclosures (TRID)
The Bureau’s proposal almost completely abandons the Annual Percentage Rate disclosure. Rather than emphasizing the APR or proposing a substitute, the new forms emphasize the initial interest rate and monthly payment−information that can easily be manipulated by disreputable creditors and that does not accurately disclose the cost of credit. In doing so the CFPB is,…
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Comments to FHFA on the GSEs Equitable Housing Finance Plans
NCLC submitted comments to the FHFA regarding ways to strengthen the GSEs Equitable Housing Finance Plans to focus on equity, transparency and accountability.
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NCLC CRL Statement for the Record for June 12 Legislative Hearing on Pending Legislation
NCLC and CRL submitted a Statement for the Record in response to the House Veterans Affairs Committee hearing on pending legislation.
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Comments to the Federal Housing Finance Agency (FHFA) re: Alternative Mortgage Servicing Compensation Discussion Paper,
The National Consumer Law Center (NCLC) submitted these comments on behalf of its low-income clients and on behalf of the National Association of Consumer Advocates. NCLC believes that the existing model for servicer compensation is broken. Current servicer compensation is byzantine. The barriers to entry are high. And servicers are rewarded for bad behavior: servicers…
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Coalition Comments to DOJ, FTC, HHS on Consolidation in Health Care Markets
NCLC joined more than 90 organizations in coalition comments that called on federal authorities, as part of their review of competition in health care, to take action to curb the abuses of private equity and safeguard the ability of doctors to deliver quality care to all patients and achieve equitable health outcomes.
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