Congress has an important role in overseeing the U.S. Department of Housing and Urban Development’s (HUD) administration of the Federal Housing Administration’s (FHA) reverse mortgage program. Congress authorized HUD to create the HECM program to encourage lenders to make reverse mortgage loans that would better enable seniors to tap into their home equity and age…
Coalition organizations write to propose a solution to several of the Regulation X compliance problems that have arisen in the wake of the COVID-19 pandemic. Over 2.7 million borrowers are currently in a forbearance plan, and a large number of these still-struggling homeowners will exit forbearance plans soon.
CDFIs are uniquely suited to promote community development and expand financial inclusion.At times, however, we see CDFIs use “financial inclusion” as the central purported justificationfor permitting irresponsible lending practices, unreasonably high interest rates, and erosion oflongstanding consumer protections.
Read More about Proposed CDFI Program—Certification Application
The COVID-19 outbreak has overwhelmed many public systems, and the correctionalsystem is no different. Prisons and jails have become breeding grounds for infection withpeople crowded into tight quarters, forced to share cells and showers, and deniednecessary hygiene products. But in addition to the grave risk of infection that can onlyeffectively be addressed by depopulating prisons,…
Read More about Prison Phone Justice in Next Stimulus Package (Group letter)
The CFPB’s top priorities should include addressing COVID impacts for homeowners, tenants and student loan borrowers and emphasizing racial justice throughout the Bureau by looking for disparate impacts, examining new technology, and ensuring equal access to hardship programs.
Read More about NCLC Welcomes CFPB Director Chopra and Describes Priorities for CFPB
Recently some states have begun to consider legislation enabling the use of electronic repossession–from devices to track or immobilize financed and leased cars to payment “warning” sounds to harass owners. These principles, applicable to state or federal policymakers addressing aspects of electronic repossession, provide the robust protections necessary for consumers and also address public safety and privacy concerns.
Read More about Principles for Laws Permitting Electronic Repossession of Vehicles
Training Manual for Pro Bono Bankruptcy Training Program: Module 3
Powerpoint for presentation before the Arizona Corporation Commission Stakeholder Meeting & Worksop re: Possible Modifications to the Arizona Corporation Commission’s Retail Electric Competition Rules.
Read More about Powerpoint: A Legacy of Deception, Fraud and Consumer Rip-Offs
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.
