In this letter, consumer advocates and mortgage industry trade associations support HUD’s draft loss mitigation waterfall and make suggestions for improving it.
Read More about Joint Industry and Advocacy Comment on Draft FHA Handbook
The NCLC Zombie Mortgage Checklist provides suggestions for gathering information and documents to help determine if an advocate’s client has a zombie second mortgage and if there may be claims against the lender or servicer that would enable a client to challenge the foreclosure, negotiate an affordable loan modification, and obtain other relief to allow…
Read More about Checklist for Identifying a Zombie Second Mortgage
Banks are aggressively marketing a new form of high cost credit intended to boost their fee income at the expense of the most vulnerable consumers. These products are based on overdraft protection, but are not traditional overdraft lines of credit or the occasional ad hoc practice where a bank will cover a consumer’s bounced check…
This letter lays out how the Commission should efficiently and justly continue to implement the Martha Wright Reed Just and Reasonable Communications Act. The actions the Commission should take include: (1) adopting permanent rate caps on incarcerated people’s communications services (IPCS); (2) collecting data regarding IPCS video costs and other aspects of the marketplace; (3)…
Lara v. Sunrun Inc., et al2484-CV-03201 (Suffolk Cty. Super. Ct. Mass.) This case challenges the fraudulent and deceptive practices of solar company Sunrun Inc., on behalf of a low-income, Spanish-speaking, elder consumer. The case alleges that Sunrun’s installed of faulty solar panels on Mr. Lara’s house and charged him thousands of dollars (and will continue…
The FCC’s December 2023 regulation requiring one-to-one consent for prerecorded telemarketing calls will dramatically reduce these abusive calls in the future. These comments describe how both consumers and small businesses will benefit from this regulation, and they counter the telemarketing industry complaints.