Six national consumer groups submitted comments opposing the FCC’s Direct Final Rule which proposes an expedited procedure that potentially enacts important regulatory changes without providing interested parties and the public with legally required opportunities for comment and judicial redress.
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Home Equity “Investment” (HEI) Loans are a relatively new financial product secured by a homeowner’s primary residence. At heart, they are very expensive mortgages with confusing and overly complicated terms. HEI lenders try to evade consumer protections by falsely claiming that their product is not a loan. Courts and lawmakers who have looked at HEI…
To protect homeowners, states can classify HEI loans as mortgages subject to consumer protections, require caps on the maximum repayment amount, and mandate counseling for borrowers.
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The letter urges the agencies to preserve the 2024 regulation prohibiting “disparate impact” discrimination (2023 Disparate Impact Rule), which appropriately ensures that landlords, lenders, and others use the fairest policy available to provide housing and lending opportunities for all. Without any public notice and comment, HUD has sent a “Final Rule” entitled “HUD’s Implementation of…
Read More about Coalition letter to HUD and OMB Opposing Weakening of Disparate Impact Rule
NCLC, on behalf of its low-income clients, writes to urge the Department to renew the Total and Permanent Disability (TPD) discharge data matching agreement with the Social Security Administration (SSA) and to bring to its attention complaints we have received from disabled Americans and their representatives regarding the TPD application process.
Read More about Letter to FSA Regarding Total and Permanent Disability (TPD) Discharge Program
We support HUD’s ongoing commitment to sustainable homeownership. As HUD notes, this mission is consistent with HUD’s core obligation of protecting the Mortgage Mutual Insurance Fund. Importantly, it also aligns with HUD’s statutory duty of “meet[ing] the housing needs of the borrowers that the single family mortgage insurance program under this subchapter is designed to…
Read More about NCLC Comment to HUD on Buy Now Pay Later Products
This sign on letter from the members of the Leadership Conference on Civil and Human Rights Media/Telecom Task Force urges the FCC to not change the National TV Audience Cap which has been set by Congress. The groups also urge the FCC to close the loophole that is technologically incorrect and permits media consolidation in…
Twenty-six advocacy groups submitted a letter urging Congress to defend the data privacy and consumer protections in the Consumer Financial Protection Bureau’s original (CFPB) Personal Financial Data Rights rule and to conduct hearings on the rule.
This comment raises significant issues with USDA’s proposal to outsource servicing of USDA Direct Loans.
Read More about NCLC and NHLP Comment on USDA Direct Loan RFI
An inheritance is an important family legacy that can provide a safety net for future generations. For working families struggling to keep up with rising living costs, the transfer of a family home or other inheritance can provide newfound economic security. In particular, the anticipated wealth transfer from the Baby Boomer generation to their heirs…
NCLC supports Rep. Correa’s Student Loan Bankruptcy Improvement Act, which would give a meaningful opportunity for financially distressed Americans to discharge student loan debts in bankruptcy by changing the standard used by courts in handling requests for discharge.
Read More about NCLC Supports Rep. Correa's Student Loan Bankruptcy Improvement Act.
This 2025 Massachusetts legislation aims to make energy bills more affordable for consumers. NCLC testifed in support of consumer protections during extreme heat, and protections in the competitive energy supply market. NCLC also explained our concerns with sections on submetering of electricity, and energy bill surcharges to finance energy efficiency and electrification purchases.
Read More about NCLC Testimony on Massachusetts H.4144, An Act Relative to Energy Affordability
