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
- Consumer Financial Protection Agency Could Have Stopped Abuses that Plague Americans Today
Published: Oct 23 2009 Issue: Auto Financing, Car Title Loans, CFPB, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans
CRL shares stories of everyday people affected by financial abuse and emphasizes the need for the Consumer Financial Protection Agency to ensure that they and others are protected from such abuses...
- CRL supports a strong, non-preemptive Consumer Financial Protection Agency
Published: Oct 19 2009 Issue: Auto Financing, CFPB, Credit Cards, Mortgage Lending, Overdraft Loans
CRL letter to Members of House Financial Services Committee outlining support and opposition to various CFPA amendments on states' rights, credit-related insurance, and carve outs for credit unions...
- Allowing National Banks to Ignore State Lending Laws Encouraged Risky Lending
Published: Oct 16 2009 Issue: Mortgage Lending
UNC's Center for Community Capitalism finds that national banks increased subprime lending when they were allowed to ignore state laws (i.e., "preempt" state laws), and states with stronger lending...
- Loan Owners Must Disclose Their Identity before Foreclosing on Bankrupt Homeowners (reply)
Published: Oct 13 2009 Issue: Mortgage Lending
CRL’s amicus reply 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...
- Michael Calhoun's Testimony on Perspectives on the Consumer Financial Protection Agency
Published: Sep 30 2009 Issue: CFPB
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: CFPB
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: CFPB
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: CFPB