On behalf of the low-income clients and communities we represent, we urge the Bureau to take immediate action to prevent a wave of COVID-19-related foreclosures, likely to be concentrated in low income communities and communities of color. The pandemic continues to harm homeowners, and according to a December 2020 Brookings Institution report, the crisis is worsening for Black and Latinx borrowers.
Read More about Group Letter to CFPB Urging Prevention of Covid Foreclosures
Civil rights, consumer, and housing organizations write to urge the Consumer Financial Protection Bureau (CFPB) to address an equal access issue raised by advocates in communities across the United States and in Puerto Rico regarding the CFPB’s online complaint system.
Read More about Group Letter to CFPB Regarding LEP Access to Online Complaint System
Americans for Financial Reform Education Fund, Better Markets, Center for Responsible Lending, Consumer Federation of America, National Association of Consumer Advocates, National Consumer Law Center (on behalf of its low income clients) and U.S. PIRG submit these comments in response to the request for comments on the Consumer Financial Protection Bureau’s (CFPB) proposed Advisory Opinion Program (AOP). We urge the CFPB to abandon the proposal, which will harm consumers by creating a one-sided avenue for industry to seek interpretations of the law that weaken consumer protections without public scrutiny or input.
NCLC has previously urged the Bureau to make critical structural reforms to the final debt collection regulations and to take other important actions to protect and assist consumers with alleged debts in collection, both during the COVID crisis and beyond. This letter supplements, and does not replace, those prior recommendations. It focuses on additional important…
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