In this letter, 40 signatories outline priorities that include supporting a strong gainful employment rule, protecting the borrower defense and 90/10 regulations, and strengthening the incentive-based compensation ban.
The letter was written in response to the Senator’s January 17, 2023 letter requesting information on the impact of the attempts to block President Biden’s transformational plan to cancel up to $20,000 in student loan debt for millions of Americans.
NCLC writes to express our continued concern about the Treasury Department’s practice of using the Treasury Offset Program (TOP) to reduce or eliminate payments made through refundable Child Tax Credits (CTC) and Earned Income Tax Credits (EITC) when paid as part of a federal tax refund. These tax credits are intended to support families and…
The below-signed immigrant rights, consumer rights, and privacy organizations urge the Consumer Financial Protection Bureau (CFPB) to use the full force of its authority under the Fair Credit Reporting Act (FCRA) to rein in widespread harmful behavior by the data broker industry. The CFPB’s statutory purpose, in part, is to ensure that “markets for consumer…
The National Fair Housing Alliance (“NFHA”) and the undersigned civil rights and consumer advocacy organizations urge the Department of Veterans Affairs (“VA”) to: Incorporate civil rights and consumer perspectives in the upcoming revisions to appraisal regulations and policies; and Provide transparency regarding the VA’s standards for fair housing oversight and accountability mechanisms.
The undersigned civil rights and consumer advocacy organizations write to explain why we are at this time declining the invitation to join The Appraisal Foundation’s (TAF’s) Council to Advance Residential Equity (“Council”). Recent research and news stories highlight how appraisal bias impacts consumers and communities of color and exacerbates the racial wealth gap, which means…
NCLC, along with the Center for Economic Integrity (CEI), the William E. Morris Institute for Justice, and Wildfire, sent a letter to the new Arizona Attorney General urging her to rescind Opinion Letter 122-005 (R22-011) regarding Earned Wage Access Products, which was adopted on December 18, 2022. The letter explains that the opinion is not…
Center for American Progress, National Consumer Law Center and American Council for an Energy-Efficient Economy submitted a letter providing recommendations for the implementation of the rebate programs, focusing on equitable deployment and ensuring protections for low-income households. The four overarching recommendations are: The Department must make the rebate programs clear and accessible to maximize uptake from…
This letter, which is submitted on behalf of the National Consumer Law Center’s low income clients, makes several overarching points and refers lawmakers to a number of materials on “fintech” topics for more detail. Financial products and services are developing and changing rapidly as a result of a number of factors, including the spread and…
On behalf of the clients, communities, companies, and veterans we represent, we urge the VAto prioritize allocating and seeking the budgetary resources necessary to expand the lossmitigation options available under the VA Home Loan Guaranty Program to help veteranborrowers avoid foreclosure. We believe your agency’s current loss mitigation tools andresources are insufficient to meet the…
In response to the questions posed in the VA’s October 17, 2022 Advance Notice of ProposedRulemaking, the National Consumer Law Center (on behalf of its low-income clients) and theCenter for Responsible Lending urge VA to expand the opportunities available to help veteranborrowers avoid foreclosure. The mortgage relief options available for veteran borrowers shouldnot be less…
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