Updated Credit Scoring Models Will Benefit Borrowers
New Model Will Improve Accuracy and Reduce Impact of Paid Collection Items and Medical Debt
Read More about Updated Credit Scoring Models Will Benefit Borrowers
All
-
-
Stabilizing Consumer Finances During and After the Coronavirus Crisis in California
In 2018, more than a quarter of all Californians had a debt in collection.1 The increases in unemployment claims and general job loss due to COVID-19 will without question result in an explosion of debts in collection that will disproportionately impact the most vulnerable consumers who are least able to weather a financial crisis and…
Read More about Stabilizing Consumer Finances During and After the Coronavirus Crisis in California
-
Toxic Transactions: How Land Installment Contracts Once Again Threaten Communities of Color
This NCLC report documents a new wave of predatory real estate lending, previously peddled to African-Americans during the 1930s to 1960s, as Wall Street investment companies move to profit off foreclosed homes. The report urges the CFPB to issue rules to protect vulnerable consumers across the nation.
-
Why Title Reviews Should Not Create Unnecessary Barriers to HAF Assistance
Some Homeowner Assistance Fund programs may decide to structure HAF assistance as an interestfree loan payable upon transfer of the property and forgivable over a period of time. We recommend that if HAF programs choose this structure, they avoid creating undue barriers to assistance such as requiring insurable title or conditioning assistance upon the resolution of outstanding liens or potential liens in order to assure priority of the program’s lien.
Read More about Why Title Reviews Should Not Create Unnecessary Barriers to HAF Assistance
-
Why Homeowner Assistance Fund Programs Should Be Accessible to Homeowners in Bankruptcy
The American Rescue Plan Act of 2021 includes $9.9 billion for creation of a Homeowner Assistance Fund (HAF) to be administered by the Treasury Department. The HAF was established to mitigate financial hardships connected with the coronavirus pandemic and prevent foreclosures among homeowners who have experienced a hardship related to the pandemic.
-
PowerPoint: Helping Those Harmed Financially from COVID-19
A webinar presented to over 890 registrants with a focus on: Protecting stimulus payments; Dealing with car repossessions, including electronic repossessions; Navigating available mortgage relief and advocating for additional relief; Ensuring consistent utility and telecommunication access, and; Dealing with debt collection efforts.
Read More about PowerPoint: Helping Those Harmed Financially from COVID-19
-
The LIBOR Transition: Protecting Consumers and Investors
Testimony before the Senate Committee on Banking, Housing & Urban Affairs regarding the Libor transition and protections for consumers and investors.
Read More about The LIBOR Transition: Protecting Consumers and Investors
Support NCLC
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate