On behalf of our low-income clients, we applaud the servicing policy updates that HUD provided in Mortgagee Letter 2023-03. By expanding access to the waterfall established in response to the COVID-19 pandemic, FHA is minimizing barriers to all borrowers seeking help after a financial crisis. Increasing the partial claim cap to 30% will more effectively…
Read More about Comments to HUD Regarding Mortgagee Letter 2023-03
As organizations that advocate for workers and consumers, California Employment Lawyers Association, Economic Security Project Action, National Consumer Law Center, National Employment Law Project, Open Markets Institute, People’s Parity Project, Public Good Law Center, Public Justice, Student Borrower Protection Center, and Towards Justice write to urge the State Bar Standing Committee on Professional Responsibility and…
Read More about Coalition Letter to COPRAC Regarding Draft Formal Opinion No. 19-0003
NCLC has recommended several best practices to DOE in our Jan. 18, 2023 letter with the Center for American Progress and the Alliance for a Clean Energy Economy. In addition, we recommend the following best practices: a) Ensure states have the flexibility to administer the rebate funds through existing networks and programs to avoid duplication…
Earned wage advances (EWA) are a form of payday loan. Fees appear small but can pile up in hidden ways and drain low wages. “Tip”-based fintech payday loans with no connection to wages can be even more expensive, 498% APR or higher, and can trigger overdraft and nonsufficient fund fees. Neither employer-based EWAs nor other…
The Earnin app puts in an $11 default “tip” on a $100, 11-day advance. The app discloses “0% APR,” but with a likely $4 expedite fee included, the cost is the equivalent of 498% APR.
Petition for rulemaking asking the CFPB to address the following issues as part of an upcoming Fair Credit Reporting Act rulemaking: strict requirements for debt collectors in furnishing information to credit reports; translation of credit reports for limited English proficient consumers and; creating an Ombuds office for credit reporting.
The National Consumer Law Center, on behalf of its low-income consumer clients, and Consumer Federation of America oppose the NCCUSL Uniform Debt Management Services Act unless provisions regulating debt settlement services are removed or dramatically amended. Our key concerns are: The Act regulates debt settlement as a valid type of debt management service. We believe…
Read More about Comments on the NCCUSL Uniform Debt-Management Service Act
The comments were submitted in response to the National Conference of Commissioners on Uniform State Laws’ recent request for comments on the proposed revisions to the Uniform Debt-Management Services Act (UDMSA). NCLC remains deeply concerned that the UDMSA does not adequately protect consumers from abusive debt settlement and debt management practices. We previously explained our…
The undersigned organizations express opposition to H.R. 1165, The Data Privacy Act of 2023, scheduled for mark-up in Committee this Tuesday, February 28.
Read More about Coalition Letter Opposing H.R. 1165, the Data Privacy Act of 2023
Stimulus-Funded Program Shines but Storm Clouds are on the Horizon In 2009, as part of the Stimulus bill passed in response to the Great Recession, the U.S. government appropriated $5 billion for the federal Weatherization Assistance Program (WAP) to weatherize low-income homes in 50 states over 3 years. States delivered energy improvements to 775,000 homes…
These Reply Comments, filed by the National Consumer Law Center on behalf of its low-income clients, supplement the Comments filed on February 10, 2023, in this docket. Sections IV(A) and (B) of our primary comments explain our position that DentalPlans.com (DentalPlans) has not shown that consumers provided prior express written consent as required for prerecorded…