Even more civil rights and consumer protection rollbacks sought
Or that taxpayers footed a $7 trillion bailout of financial institutions during the foreclosure crisis.
Or that taxpayers footed a $7 trillion bailout of financial institutions during the foreclosure crisis.
New Harvard study finds steep declines in Black homeownership in major cities
Proposed Trump Administration departmental budget cuts will result in the loss of the equivalent of 46, full-time positions. For remaining staff, caseload levels will rise.
As the Senate Banking Committee turns its attention to reform the nation’s secondary mortgage market, civil rights leaders recently spoke in a strong and united voice. For these national organizations, the housing finance system must embrace—not abandon—its obligation to provide broad access and affordability in mortgage lending.
Families, who have assembled the necessary financial resources to apply, qualify, and then purchase a home, understandably value that key investment and its accompanying opportunity to build wealth; but buying the home is just the first step of securing the American Dream of homeownership.
This year has brought a number of significant developments. A new Congress, the 115th in our nation’s history and similarly the 45th president have together begun a new era of government. From all indications, this new leadership seeks to create public policies and priorities that significantly alter what will remain as a governmental function. From education to environmental stewardship, health care and more, the governing toolbox of executive orders, regulation and legislation are all in use.
From youth yearning for the time to have their own place, to older Americans hoping to age in place, the need to have a home is a shared concern of consumers of all ages and locales. It’s where children are raised and memorable moments dwell. It’s also where many people rest, reflect, and shut out the worries of the day.
As a New Year approaches, fair lending will be the priority for the nation’s consumer financial cop on the beat. Mortgage and student loan servicing along with redlining and small business lending will be a triple-focus in 2017 for the Consumer Financial Protection Bureau (CFPB).
Defrauded consumers do not deserved to be financially victimized a second time
In the coming months we must remain watchful for legislation and executive actions that would reverse the financial justice accomplished over the past five years
In recent years, debt collection abuses have emerged as a growing consumer finance issue for communities of color
A recent national consumer poll that was jointly commissioned by CRL and Americans for Financial Reform found broad and bipartisan concerns regarding debt collectors that sue without evidence
Since 2004 approximately 8 million homes have been lost to foreclosure, according to CoreLogic, a national mortgage data firm. Although the number of homeowners entering foreclosure has fallen dramatically since the height of the crisis, 434,000 homeowners remained in some stage of foreclosure in February.
For more than a decade, state and local consumer advocates have challenged triple-digit interest rates on small-dollar loans like payday and car-title. To their combined credit, 14 states and the District of Columbia have enacted laws to limit interest and fees to about 36 percent.
In plain English, it was a time to publicly debate whether the Consumer Financial Protection Bureau (CFPB) had been good or bad for the country, since opening operations in July 2011. The forum also hearkened back to many of the former supporters and opponents of proposals to reform Wall Street in the aftermath of the worst economic crisis since that of the 1930s.