NCLC filed these comments with the MA Department of Public Utilities (DPU) in docket 24-15, the so-called “affordability docket.” We recommended that the DPU: (1) develop policies to reduce “energy burdens” of the lowest-income households to well below the current target of 6%; (2) ban terminations of utility service during periods of extreme heat and…
These comments respond to proposed amendments to the Massachusetts Division of Banks (DOB) debt collection and mortgage servicing regulations. The comments raise concerns about DOB’s proposal to replace existing regulations with federal debt collection regulations (Regulation F) and to exempt “passive debt buyers.” The comments also propose suggestions to strengthen the DOB’s mortgage servicing regulations.
There has been limited action at the federal level to address unfair and deceptive zombie second mortgages. It is up to the states to act to protect homeowners trapped by a debt they believed was long behind them. This issue brief provides suggestions for statutory language that states can amend existing consumer protection statutes or…
NCLC, Consumer Reports and Consumer Federation of America filed an amicus brief in the D.C. Circuit in support of the Consumer Financial Protection Bureau’s appeal of a decision finding that it was arbitrary and capricious to include PayPal’s digital wallets that hold funds in the CFPB’s rule regulating prepaid accounts.
Read More about Amicus Brief: PayPal v. CFPB (DC Circuit) (Prepaid Rule)
The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve (the Federal Reserve) should continue to support the fair housing regulations under their jurisdiction as they implement important areas of fair housing and fair lending law. These agencies are also urged to…
Letter from 43 organizations urging CFPB, OCC, FHFA, FHA, and other federal regulators to help protect the credit reports and scores of consumers impacted by natural or declared disasters such as Hurricanes Helene and Milton