Testimony before the Senate Committee on Banking, Housing & Urban Affairs regarding the Libor transition and protections for consumers and investors.
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The LIBOR is the most widely used index for adjustable rate mortgages (ARMs). At the end of 2021 it will cease to exist or become unreliable. While mortgage contracts give noteholders the authority to replace the index, it has not been done on such a scale, and the standard contract language is problematic. The Alternative Reference Rate Committee (ARRC) has made recommendations for a new index and for the transition, but the ARRC’s recommendations are only voluntary.
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We respectfully request that the subcommittee fund LIHEAP at the full authorizedamount of $5.1 billion and note the need is likely to be greater.
Testimony of Chi Chi Wu, National Consumer Law Center Before the U.S. House of Representatives Committee on Financial Services regarding “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity”
Testimony of the National Consumer Law Center, on Behalf of Its Low-Income Clients Before the House Committee on Appropriations Subcommittee on Labor, Health & Human Services, Education, and Related Agencies re: FY 2023 Appropriations for the HHS Low Income Household Water Assistance Program
Testimony before the U.S. House of Representatives Committee on Financial Services Subcommitee on Oversight and Investigations
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All states that have examined the financial impact of alternative energy suppliers on residential consumers have reached similar findings – alternative energy suppliers charge customers more for utility service that is essentially identical to distribution utility service.
Written Testimony of Ariel Nelson, Staff Attorney at the National Consumer Law Center in Support of H.B. 6528 before the Housing Committee of the Connecticut General Assembly, 2021 Regular Session
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The federal Health & Human Services’ Low Income Home Energy AssistanceProgram (LIHEAP) is the cornerstone of government efforts to help low-income seniors andfamilies afford essential home energy services.
Most consumers pay more for competitive supply than they would have paid for service from their utility companies. And the very small number of consumers who do manage to save money see only minor savings.
Most consumers pay more for competitive supply than they would have paid for service from their utility companies. And the very small number of consumers who do manage to save money see only minor savings.
Most consumers pay more for competitive supply than they would have paid for service from their utility companies. And the very small number of consumers who do manage to save money see only minor savings.