NCLC, on behalf of its low-income clients, submitted the below comments on the draft of the HECM Handbook, Section 4000.1. The reverse mortgage program was created by Congress to allow older homeowners to tap into their home equity without increasing the risk of displacement. In implementing the program, HUD is tasked with a dual mission…
More than 27 million Americans do not have health insurance of any kind. A further 43% of non-elderly adults have inadequate insurance, which may have high deductibles or other significant out-of-pocket costs. In the meantime, health care costs and rates of medical debt continue to rise. It is more important than ever for states to…
The National Consumer Law Center submitted the following comments on behalf of its low-income clients, as well as National Association of Consumer Advocates. These comments deal exclusively with the proposed changes to Regulation X (under the Real Estate Settlement Procedures Act “RESPA”) in the CFPB’s servicing proposal. Separately, they supply comments on the proposed changes…
NCLC submitted comments on behalf of its low-income clients to the CFPB, FHFA, and federal banking regulators on their proposed rule requiring mortgage lenders and servicers to establish quality control standards for automated valuation models (AVMs).
Homeowners who fall behind on their property taxes risk the swift loss of their homes through tax foreclosures if they cannot pay off the back taxes owed, plus any interest, fees, costs and penalties thathave accrued. The accumulated amounts needed to resolve the tax debt can be overwhelming and resultultimately in the loss of their…
Read More about Heirs Should Not Be Subject to Florida's Homestead Tax Exemption Penalty
The National Consumer Law Center and the United Church of Christ Media Justice Ministry produced a new State Digital Justice Advocacy Toolkit that contains resources to help frontline groups that are working to provide broadband and communication assistance to incarcerated people, people with disabilities, low-income households, veterans, aging and rural populations, people facing language barriers,…
The Fair Chance in Employment Act will limit the use of credit reports in hiring decisions. The use of credit reports in employment decisions is harmful and unfair to workers for a number of reasons. First is the absurdity of the practice. Considering credit histories in hiring creates a vicious Catch-22 for job applicants. A…
Read More about Testimony on the 2023 Fair Chance in Employment Act
While millions of homeowners fell behind on mortgage payments and were at risk of losing their homes to mortgage foreclosures during the COVID-19 pandemic, many others were facing another foreclosure crisis- the loss of their homes due to property tax lien foreclosures. This strict and often rapid tax lien foreclosure process has created a lesser…
Joint comments were submitted on the preliminary determination to update energy efficiency requirements for federally financed housing. The covered Department of Housing and Urban Development (HUD) and Department of Agriculture (USDA) mortgages and programs provide essential support for new affordable homes, a critical national need. Yet these homes may waste energy, resulting in high energy…
NCLC provided written testimony in support of Massachusetts legislation to end the sales of competitive retail electric supply to individual households. Due to a long history of deceptive sales practices and overpriced utility services, NCLC support this and similar measures.
What should you say to a scam caller? Nothing! Learn more about identifying and reporting scam calls and texts.
