Policy & Legislation
HIGHLIGHT
During the years that led up to the subprime mortgage crisis, Congress was notably passive in dealing with the proliferation of abuses that flourished in a reckless lending environment. The foreclosure crisis that triggered today’s economic problems underscores the need for sensible regulations and protections. Today there are many reforms being weighed and balanced in Washington and in the states. Here we help you keep abreast of proposed policies and their pros and cons.
- Consumer Financial Protection Bureau--Overview of Key Provisions
September 1, 2010Overview of CFPB describes its structure, funding, duties and how it will work with the states to enforce consumer protections.
- Eliminating Systematic Charges on Home Loans: Fed Rules on Yield Spread Premiums
August 19, 2010Fed issues final rules on yield spread premiums.
- Comments to the Federal Housing Administration on Risk Management Initiatives
August 16, 2010CRL's comments to the FHA on ensuring access to credit for low-wealth and minority borrowers as the agency considers risk management initiatives.
- Top Priorities for Real Financial Reform
June 16, 2010For the final financial reform bill that will be considered and voted on by the House and Senate joint conference committee, there are three issues vital in protecting taxpayers from another crisis in the future.
- Single Director, Not a Commission, Should Head Consumer Financial Agency
June 7, 2010The Consumer Financial Protection Agency should be headed by a strong, independent-minded director, rather than a five-member commission, to ensure that the Consumer Financial Protection Agency is free from industry influence and costly delays.
- The Consumer Financial Protection Agency Should Be Independently Funded
June 7, 2010To ensure that the CFPA is independent of the industry it is trying to regulate, Congress must ensure that the funding source remains independent of political pressure.
- The Snowe-Pryor Prioritizes Small Businesses Over Families, Taxpayers and Other Key Stakeholders
June 7, 2010The Snowe-Pryor Senate financial reform bill proposal would create a layer of bureaucracy that is redundant and dangerous. This language would prioritize small businesses over families, taxpayers and other key stakeholders.
- Myths vs. Facts about the Consumer Financial Protection Bureau
April 23, 2010The Consumer Financial Protection Bureau would actually reduce regulatory burden while increasing safety and soundness and making loans more affordable.
- Why a Federal Consumer Protection Watchdog Matters to the States
April 16, 2010Financial companies are lobbying hard to strip states' rights to make and enforce consumer protection rules, but states must stay on the front lines of fighting predatory lending.
- Essentials of the Consumer Financial Protection Bureau
April 16, 2010Here's a quick reference on what the Consumer Financial Protection Bureau would do, what it wouldn't do, and the most important parts of proposed financial reform legislation to help ensure strong consumer protections.
