Press Releases Overview
- MBA REPORT SHOWS 1 IN 7 HOMEOWNERS PAST DUE OR IN FORECLOSURE
August 26, 2010
Forclosures continue to drag down the eonomy. Industry hasn't moved fast enough or broadly enough under the current voluntary plan.
- Fed Finalizes Rules Aimed at Mortgage Overcharges (Yield Spread Premiums)
August 17, 2010
The Federal Reserve’s final rules on yield spread premiums, issued yesterday, mark a welcome milestone that will finally end routine kickbacks to brokers and lenders for overcharging consumers.
- Latinos, African Americans more than half of all California foreclosures
August 17, 2010
Latinos and African Americans in California have experienced significantly higher foreclosure rates than non-Hispanic borrowers in the state, according to first-of-its-kind research released today by the Center for Responsible Lending.
- FDIC Urges Stronger Debit Card and Overdraft Oversight
August 11, 2010
American families, especially those most vulnerable financially, could save millions of dollars a year in costly overdraft fees if guidelines the FDIC proposed today are adopted. The guidelines would encourage the banks the FDIC oversees to offer customers lower-cost overdraft alternatives rather than charge unlimited high-cost overdraft fees—as many banks do, even on small debit card transactions.
- Bankers Mislead, Cajole as Overdraft Fee Opt-In Deadline Nears
August 5, 2010
As the August 15th deadline nears for bank and credit union customers to opt in to high-cost overdraft programs, a new CRL analysis finds these firms market most aggressively and often misleadingly to their most vulnerable customers-----who tend to be low-income, single and nonwhite.
- New FTC Rule Curbs Debt Relief Abuses, Helps Families
July 29, 2010
The Federal Trade Commission issued a new rule barring debt relief firms from collecting up-front fees from customers before any service is provided.
- Historic Financial Reform Becomes Law
July 21, 2010
Our nation now has a roadmap for ending the unfair and deceptive practices that have cost millions of families their financial security and nearly capsized the economy
- American Families Win with Financial Reform
July 15, 2010
Historic financial reform legislation will create a new consumer protection agency with teeth and make markets more transparent.
- Just Say No To Overdraft Fees: Opt-out Deadline for New Customers Begins July 1, 2010
June 30, 2010
Starting tomorrow, banks must obtain permission from new customers before enrolling them in costly overdraft coverage for debit-card transactions.
- New Consumer Agency Would Protect Families, Small Businesses, Taxpayers and the Economy
June 25, 2010
House and Senate conferees reached a historic agreement to create a consumer protection agency that is truly independent from the lenders.
