The use of credit scores in home and auto insurance is a poorly understood phenomenon with a huge economic impact on Americans. It’s also a practice that creates wide racial disparities. This report presents an overview of credit scores, which are three digit numbers designed to predict risk based on a consumer’s credit record. The…
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.
This class-action lawsuit was filed in the U.S. District Court for the Eastern District of Michigan. The lawsuit alleges the Defendants violated federal and state civil rights and consumer protection laws by targeting low-income families in predominantly Black communities in the Detroit, Michigan area through an unfair and deceptive home purchase scheme. The complaint alleges…
Read More about Henderson v. Vision Property Management, LLC
Steps the Federal Government Can Take in 2023 to Advance Racial Equity and Strengthen Consumer Protections Emerging from the pandemic families of color are trying to regain their financial footing amid rising inflation and increasing costs for housing and other necessities. Families face new challenges as government programs and supports end and resources are curtailed.…
Read More about No Rolling Back the Clock: Roadmap for an Equitable Economic Recovery in 2023
The Utility Customer Financial Impact of COVID-19: The Need For Flexibility and Reform in Utility Billing, Credit and Collections
Read More about Powerpoint: Utility Customer Financial Impact of COVID-19
Written Testimony of John W. Van Alst Attorney, National Consumer Law Center and Director of NCLC’s Working Cars for Working Families Project Before the Committee on Financial Services Subcommittee on Oversight and Investigations U.S. House of Representatives “Examining Discrimination in the Automobile Loan and Insurance Industries.”
A coalition of consumer and racial justice advocacy groups write in support of the Improving FHA Support for Small Dollar Mortgages Act, which addresses the need to increase access to sustainable mortgage lending for homebuyers who are buying homes with sale prices under $100,000. It has been well documented that banks are not currently serving…
This Agreement resolves a Complaint filed by CFHC against the Bank on October 4, 2018, alleging, inter alia, violations of the Fair Housing Act (“FHA”), 42 U.S.C. §§ 3601 et seq., Connecticut Fair Housing Center, Inc. v. Liberty Bank, D. Conn. Case No.: 18-cv-1654 (the “Civil Action”).
Read More about Settlement Agreement Between Connecticut Fair Housing Center, Inc. and Liberty Bank
We applaud your commitment to ensuring that the Consumer Financial Protect Bureau provides swift relief to consumers suffering economic hardship due to the COVID-19 pandemic and centering racialequity as a core tenet of the Bureau’s work. The Bureau can and should take immediate and significantmeasures to promote racial equity. We write today to highlight actions…
Read More about Racial Justice Priorities for the Consumer Financial Protection Bureau
