2021 Foreclosure Prevention and Mortgage Lending Priorities: Consumer Financial Protection Bureau
Brief outlining NCLC's 2021 Foreclosure Prevention and Mortgage Lending Priorities for the Consumer Financial Protection Bureau
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2021 Foreclosure Prevention and Mortgage Lending Priorities
Brief outlining NCLC's 2021 foreclosure prevention and mortgage lending priorities for the Biden Administration
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2021 Credit & Consumer Reporting Priorities to Promote Economic Recovery
Issue brief explores the need for serious, systemic reforms to ensure fairness and accuracy in credit and consumer reporting and to promote economic recovery by ensuring access to affordable credit, housing, and jobs.
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Criminal Justice Debt - How States Can Help
Criminal justice debt stemming from fines and fees is disproportionately borne by low-wage workers without job security and people of color. These populations will experience the financial stress caused by the pandemic most acutely. Many will lose jobs and be unable to pay criminal justice debts through no fault of their own.
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Zombie Records: How Sealed or Expunged Court Records in Tenant & Employment Screening Reports May Illegally Cost People Jobs & Housing
Today, to rent an apartment or nail down a job, you almost always have to pass a background check. About 94% of employers and 90% of landlords run criminal background checks, and about 85% of landlords review eviction information. Many landlords and employers purchase reports containing criminal and eviction records information from specialized tenant and…
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No Silver Bullet: Using Alternative Data for Financial Inclusion and Racial Justice
Credit scores reflect dramatic and troubling disparities by race, due to a multitude of factors explored in this brief, including the racial wealth gap, decades of redlining and housing segregation, historical and present-day employment discrimination, and racially biased criminal justice practices.
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Fact Sheet Supporting Mass Fair Chance in Housing Act re Credit Scores in Housing
Why we need the Fair Chance in Housing Act (FCHA) to keep credit reports out of housing decisions now. Credit Reports Will Be Negatively Impacted by the COVID Crisis Credit Reports Don’t Predict Current Ability to Pay Credit Reports Are Riddled with Errors Credit Reports Perpetuate Historic Racial Inequities and Injustices
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High-Cost Rent-a-Bank Loan Watch List
At least 45 states and the District of Columbia (DC) cap rates on at least some installment loans. But high-cost lenders are increasingly using rent-a-bank schemes with a small number of rogue banks, which are not subject to state interest rate limits, to evade state rate caps on installment loans and lines of credit.
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What States Can Do About Credit Repair Abuses
Credit repair organizations (CROs) charge a fee to improve consumers’ credit scores, includingby removing errors. There is an epidemic of disreputable CROs that charge exorbitant fees forpromises they can’t keep.
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Ramirez, Faux-Federalism, and the Futility of Consumer Disclosure Protections
Despite their numerous and intractable problems, the Supreme Court provided an enormous get-out-of-jail-free pass to credit bureaus in a recent case, TransUnion LLC v. Ramirez. The Ramirez decision significantly impacts the ability of consumers to protect themselves and their financial reputations under the Fair Credit Reporting Act (FCRA).
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