Consumer Groups Urge Supreme Court to Uphold Constitutionality of the CFPB
National Consumer Law Center
by Stephen Rouzer
11M ago
WASHINGTON – The Fifth Circuit’s radical and unprecedented decision in the case of CFPB vs. CFSA, if upheld, would undermine the critical work of the Consumer Financial Protection Bureau (CFPB) in protecting consumers and enforcing regulations against deceptive practices by Wall Street and predatory lenders, according to an amicus brief filed by consumer advocates. “Responsible banks and financial players, like consumers, benefit from the CFPB’s work to level the playing field, and that work is jeopardized by the Fifth Circuit’s unprecedented decision to destabilize the CFPB’s funding.” Laure ..read more
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Nketiah “Ink” Berko Returns to NCLC as Equal Justice Works Fellow
National Consumer Law Center
by Stephen Rouzer
11M ago
WASHINGTON— Nketiah “Ink” Berko, a former NCLC intern, will return to the National Consumer Law Center upon his graduation from Yale Law School as an Equal Justice Works fellow to spend two years advancing access to justice for underserved communities. Equal Justice Works, the nation’s largest facilitator of opportunities in public interest law, named Berko, along with 75 other law school graduates to its 2023 fellowship class.  “We are thrilled to welcome Ink back to NCLC, this time with the support of Equal Justice Works,” said Rich Dubois, executive director of the National Consumer La ..read more
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WBUR Radio Boston: “The ins and outs of the third party electricity provider industry in Massachusetts”
National Consumer Law Center
by Stephen Rouzer
11M ago
A new WBUR series, originally airing on May 8, 2023, explores the business of third party electricity providers who claim to save customers money while many people end up paying more. WBUR’s Miriam Wasser and NCLC’s Jenifer Bosco explain. Listen to the Segment The post WBUR Radio Boston: “The ins and outs of the third party electricity provider industry in Massachusetts” appeared first on NCLC ..read more
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FCC Must Do More to Block Unlawful Text Messages
National Consumer Law Center
by Stephen Rouzer
11M ago
Advocates Warn Latest Proposal to Eliminate Illegal Calls and Text Messages Would Undermine Current Consumer Protections WASHINGTON – Advocacy groups are urging the Federal Communications Commission (FCC) to take more aggressive action to block unlawful text messages. In comprehensive comments filed with the FCC today regarding issues raised in a March Further Notice of Public Rulemaking, the National Consumer Law Center (NCLC), Electronic Privacy Information Center (EPIC), National Association of State Utility Consumer Advocates (NASUCA), Public Citizen, and seven other organizations expresse ..read more
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Group Convened by Massachusetts AG’s Office Releases Recommendations to Improve Public Participation in Energy Proceedings
National Consumer Law Center
by Stephen Rouzer
11M ago
Report Identifies Solutions to Barriers to Public Participation in Department of Public Utilities and Energy Facilities Siting Board Proceedings BOSTON – Attorney General Andrea Joy Campbell, in collaboration with the National Consumer Law Center, GreenRoots, Alternatives for Community and Environment, Conservation Law Foundation, Environmental Defense Fund, Vote Solar, Massachusetts Climate Action Network and the Regulatory Assistance Project, today announces the release of a report making recommendations to improve opportunities for public participation in proceedings at the state Department ..read more
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Consumer Bureau Proposes $8 ‘Safe Harbor’ on Credit Card Late Fees
National Consumer Law Center
by Stephen Rouzer
11M ago
Consumer Advocates Strongly Support “Fair, Reasonable, and Proportional” Rule to Reduce Credit Card Late Fees WASHINGTON — Advocates with the National Consumer Law Center and eight other advocacy groups submitted today in response to the Consumer Financial Protection Bureau’s (CFPB) proposed rule limiting credit card late fees. The groups say the proposed rule will save consumers billions of dollars each year in late fees and put that hard-earned money back in their pockets. “We strongly support the proposed safe harbor of $8 for credit card late fees and thank the CFPB for proposing it,” said ..read more
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NBC News: “With car repossessions and home foreclosures rising, some Americans are living on a financial cliff”
National Consumer Law Center
by Stephen Rouzer
11M ago
Originally appearing in NBC News on April 29, 2023, Rob Wile, Rania Soetirto, and Jasmine Cui quote Sarah Bolling Mancini regarding where consumers can find help if at risk of losing their home or vehicles. Help is indeed available for homeowners, said Sarah Bolling Mancini, a senior staff attorney at the nonprofit National Consumer Law Center. Some of those resources include the Homeowners Assistance Fund, a Covid-era support program. Mancini said homeowners should be proactive in talking to their lender or mortgage servicer, most of which have forbearance programs availa ..read more
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NCLC Supports Congresswoman Sylvia Garcia’s Reintroduction of Two Bills for Financial Literacy Month
National Consumer Law Center
by Stephen Rouzer
11M ago
WASHINGTON, DC – Congresswoman Sylvia R. Garcia (TX-29) announces the reintroduction of two bills for Financial Literacy Month: the Community Finance Language Inclusion Act and the Multilingual Financial Literacy Act. Both bills are supported by the National Consumer Law Center and aim to strengthen and expand financial literacy for limited English proficiency individuals. The Community Finance Language Inclusion Act would expand the official definition of “technical assistance” within the Community Development Financial Institution (CDFI) Fund to include out ..read more
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Leading Civil Rights and Housing Groups Support FHFA’s Critical Updates to the Mortgage Pricing Framework
National Consumer Law Center
by Ella Halpine
11M ago
Pricing Framework is an Important Initial Step in the Right Direction to Advance Fair and Affordable Housing and Strengthen Communities WASHINGTON, D.C. — Today, leading civil rights and housing policy organizations issued the following statement supporting the Federal Housing Finance Agency (FHFA)’s pricing framework. “We commend Director Thompson and FHFA for recent updates to the mortgage pricing framework that represent a critical first step in the journey to create a more equitable system for creditworthy borrowers. The updates help address persistent gaps in wealth and homeownership whil ..read more
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Digital Library: Special Mortgage Topics
National Consumer Law Center
by Stephen Rouzer
11M ago
Tangled title issues and zombie second mortgages are among the biggest housing issues facing consumers today. NCLC has compiled resources for advocates navigating both of these subjects. Resources include free NCLC articles, written submissions from past NCLC conferences free to the consumer law community, links to relevant NCLC treatise material, pleadings and discovery, and more. Tangled Title A significant number of homeowners do not have a deed in their name, which puts them at risk of losing their home to a variety of threats. Tangled title situations can occur when homes are passed on ..read more
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