Policy & Legislation
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.
Browse Mortgage Policy & Legislation
- Michael Calhoun's Testimony on Perspectives on the Consumer Financial Protection Agency
Published: Sep 30 2009 Issue: Consumer Financial Protection Bureau
CRL's views on the proposed Consumer Financial Protection Agency. CRL President Michael Calhoun testifed before the House Financial Services Committee on September 30, 2009, stressing the...
- Brief Overview of the Consumer Financial Protection Agency
Published: Sep 15 2009 Issue: Consumer Financial Protection Bureau
A brief overview of how the Consumer Financial Protection Agency would ensure that banking is safe for all Americans.
- Loan Owners Must Disclose Their Identity before Foreclosing on Bankrupt Homeowners
Published: Aug 20 2009 Issue: Mortgage Lending
CRL’s amicus brief in support of bankrupt homeowners in 18 cases appealed by Mortgage Electronic Registration Systems, Inc. (MERS), in which the Nevada bankruptcy court determined that loan owners...
- At A Glance: Top Policies for Addressing the Foreclosure Crisis
Published: Aug 19 2009 Issue: Mortgage Lending
Solutions exist. Here's a quick reference to CRL's top four policies for stopping the foreclosure epidemic.
- State Attorneys General Call For The Creation of CFPA
Published: Aug 17 2009 Issue: Consumer Financial Protection Bureau
A geographically broad and bipartisan letter sent August 17 letter to key committee chairs in the U.S. House and U.S. Senate by 24 State Attorneys General, signals a strong state of support for the...
- Consumer Financial Protection Agency: Myths versus Reality
Published: Aug 13 2009 Issue: Consumer Financial Protection Bureau
- Current Trends in Foreclosure and What More Can Be Done To Prevent Them
Published: Jul 28 2009 Issue: Mortgage Lending
In a hearing on "Current Trends in Foreclosure and What More Can Be Done to Prevent Them," CRL's Keith Ernst urged Congress to take several actions to address the flood of foreclosures and fix the...
- Neglect and Inaction: An Analysis of Federal Banking Regulators’ Failure to Enforce Consumer Protections
Published: Jul 13 2009 Issue: Consumer Financial Protection Bureau, Credit Cards, Mortgage Lending, Overdraft Loans
The failure of the bank regulators to protect consumers is a systematic problem that has stretched over at least several decades.
- Financial Reform that Protects Consumers
Published: Jun 25 2009 Issue: Auto Financing, Car Title Loans, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans
For years, federal bank regulators looked the other way; now Congress has a chance to reform our system of checks and balances, make banks accountable, and protect consumers from abusive financial...
- Overview of the Obama Administration’s Proposed Consumer Financial Protection Agency
Published: Jun 24 2009 Issue: Consumer Financial Protection Bureau, Mortgage Lending
This summary focuses only on the consumer protection component of the Obama Administration’s Financial Regulatory Reform proposal.