National organizations maintain that Rakuten's application for deposit insurance for an Industrial Loan Charter (ILC) would not accord with safety and soundness standards for banks and has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served.
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The undersigned provide input the Federal Reserve Board on the Notice of Proposed Rulemaking concerning Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire. As described below, we support the Fed’s efforts and recognition of the need to craft rules to govern the operation of FedNowsm and expectations of…
On behalf of the clients and communities we represent, we urge the Treasury Department to ensure accessibility, transparency, and accountability in the Homeowner Assistance Fund (HAF) program. HAF assistance was included in President Biden’s American Rescue Plan because many homeowners across the nation will be facing foreclosure in the coming months, especially homeowners of color who have been hardest hit by the pandemic.
The 100 undersigned organizations urge Congress to support robust funding for the United States Postal Service (USPS) in the next coronavirus response package.
Coalition Letter to CFPB re: Need for Pre-Foreclosure Protections in 2022 Due to the Ongoing COVID-19 Pandemic
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The Center for Responsible Lending and the undersigned consumer, civil rights, community and faithbased organizations oppose the Bureau’s plans to engage in payday loan disclosure testing. We do so in the broader context of the Bureau’s having repealed much-needed substantive ability-to-repay protections without basis and in light of the overwhelming evidence that disclosures will not protect consumers from the harms associated with payday lenders’ practice of making payday loans without reasonable ability-to-repay determinations.
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We, the undersigned 180 organizations, are writing to strongly urge your administration not to threaten the financial security of people with student debt as a tactic to fight inflation. Instead our organizations urge you to enact robust student debt cancellation that is not means tested and does not require an opt-in for participation and to fully implement this policy before any student loan bill comes due.
The mounting public health and economic costs of the Coronavirus pandemic require swift and substantial government response to meet the scale of the crisis. Congress has already passed essential legislation that provides trillions of dollars of economic relief and public health investments. But enacting legislation is only the beginning.
Comments in response to the May 24, 2021 Federal Register notice of negotiated rulemaking (Docket ID ED-2021-OPE0077) for programs authorized under Title IV of the Higher Education Act of 1965, as amended (HEA).
The undersigned organizations representing students, student loan borrowers, educators andother public service workers, and consumers write to urge you to extend, expand, and coordinatemore closely the announced Public Service Loan Forgiveness (“PSLF”) waiver (“Waiver”), Income-Driven Repayment (“IDR”) Account Adjustment (“Adjustment”), and payment pause to fulfill the promise of affordable and manageable loan repayment for borrowers.
The undersigned 134 organizations representing students, student loan borrowers, teachers, workers, and consumers write to urge you to extend, expand, and coordinate more closely the current Public Service Loan Forgiveness (PSLF) waiver (Waiver) and Income-Driven Repayment (IDR) Adjustment (Adjustment) in order to fulfill the promise of affordable and manageable loan repayment for borrowers. Although we applaud your administration’s efforts to improve these programs, both the Waiver and Adjustment currently exclude critical groups of borrowers and fail to maximize the potential benefit for borrowers who are covered.
Coalition Letter to Congress re: Support CRA Challenge to OCC "Fake Lender" Predatory Lending Rule
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