Originally appearing in the Yale Journal on Regulation (Summer 2008), Elizabeth Renuart and Diane E. Thompson discuss the lack of transparency in credit pricing and a decline in the value of the APR disclosure. This Article documents the history of this decline for the first time and describes the consequences of an APR disclosure that has…
A new issue brief provides recommendations for states to help combat the rise in elder real estate fraud and financial exploitation.
Appearing in the Detroit Free Press on May 31, 2024, Susan Tompor interviews Sarah Bolling Mancini, NCLC’s co-director of advocacy for a story on zero-interest down payment loans for first-time homebuyers. “The biggest risk is that people might not understand that it does have to be paid back eventually. It’s possible that they might not…
Henderson et al. v. Vision Property Management, LLC et al., 4:20-cv-12649-SDK-DRG (E.D. Mich.) This class-action lawsuit against Vision Property Management, LLC and related entities alleges that Vision purchased approximately 1,000 dilapidated homes in Southeastern Michigan and then sold many of them at a huge markup to homebuyers under contracts that were structured to fail. Vision…
Read More about Henderson v. Vision Property Management, LLC
A coalition of affordable housing and civil rights organizations applaud Monday’s announcement from the Federal Housing Finance Agency finalizing a rule on fair housing, fair lending, and equitable housing finance.
NCLC and CRL support VA’s proposal to change the starting period of the mandatory closing-cost recoupment period from the note date to the date of the first payment.
Groups implore White House to follow through on its commitments to create inclusive, resource-rich communities free of discrimination with the amenities everyone needs to thrive.
NCLC and CRL support the proposed rule but have a number of recommendations, including adding protections to protect distressed borrowers and prevent the misuse of escrow account refunds; removing repayment-plan payments from the definition of “monthly payment” used for the seasoning rule; and working with Congress to determine whether statutory changes are necessary to prevent…
Advocates commend the VA for seeking input on this important topic and we hope that our comments will help inform the VA’s views.
DOJ and CFPB jointly sue Colony Ridge for operating an illegal land sales scheme that targeted low-income Hispanic consumers.
This coalition letter from over 30 groups urges the FIO to finalize a proposed data collection without further changes to ensure granular data collection on the impacts of climate on financial risk in insurance markets. The proposal, which at its inception was already too narrow, has been further narrowered to omit many key markets and…
This letter from the Underserved Mortgage Markets Coalition to FHFA Director Sandra Thompson recommends that the Government Sponsored Enterprises should retain loan purchase targets for underserved populations even in adverse market conditions.
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate
