Coalition letter urging the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) to take immediate action to prevent or limit imminent rental evictions and home foreclosures in the private mortgage market pursuant to your existing authorities under section 5 of the FTC Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), and the Fair Debt Collection Practices Act (FDCPA). As the CFPB’s recent report highlighted, over 11 million families are at risk of losing housing.
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