The National Consumer Law Center and Consumer Action respectfully submit the following comments on behalf of its low-income clients. We welcome the opportunity to comment on the Bureau’s proposal to amend the ability-to-pay requirement of Regulation Z, 12 C.F.R. § 1026.51(a), which was promulgated pursuant to the Credit Card Accountability, Responsibility and Disclosures (CARD) Act…
The National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Reform Fund, Consumer Reports, Student Borrower Protection Center, Public Justice Center, Public Good Law Center, U.S. PIRG, Consumer Federation of America, and Better Markets submitted comments regarding the Federal Deposit Insurance Corporation’s (FDIC) recent proposed changes to part 328…
As organizations that represent low-income student loan borrowers, the undersigned organizations comment on the Department of Education’s proposed borrower defense to loan repayment application form. The organizations assist low-income student loan borrowers, many of whom were harmed by unscrupulous schools that engaged in predatory conduct to make a profit off of our clients’ federal student…
Accountable.US, Americans for Financial Reform, Center for Responsible Lending, Consumer Action, Consumer Federation of America, National Consumer Law Center (on behalf of its low- income clients), National Community Reinvestment Coalition, Public Citizen, US PIRG and the Woodstock Institute submitted comments for the Community Reinvestment Act (CRA) examination of First Electronic Bank. First Electronic Bank helps…
Joint comments were submitted by the Center for Responsible Lending, Consumer Federation of America and National Consumer Law Center.
NCLC submitted comments to support HUD’s decision to promulgate regulations that establish the necessary framework for a successful default servicing program and that supplement the guidance established by the RESPA.
Accountable.US, Americans for Financial Reform, Center for Responsible Lending, Consumer Action, Consumer Federation of America, National Consumer Law Center (on behalf of its low-income clients), National Community Reinvestment Coalition, Public Citizen, US PIRG and the Woodstock Institute submitted comments in connection with the Community Reinvestment Act (CRA) examination of FinWise Bank. FinWise Bank helps several…
The National Consumer Law Center (on behalf of its low-income clients), the Prison Policy Initiative, and Stephen Raher respectfully submitted comments in response to the Bureau of Prisons’ Proposed Rule regarding the Inmate Financial Responsibility Program, RIN 1120-AB-78, BOP-1178 We strongly oppose several of the proposed changes to the regulations on policy and legal grounds.
On behalf of our low-income clients, we applaud the servicing policy updates that HUD provided in Mortgagee Letter 2023-03. By expanding access to the waterfall established in response to the COVID-19 pandemic, FHA is minimizing barriers to all borrowers seeking help after a financial crisis. Increasing the partial claim cap to 30% will more effectively…
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