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
- 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: Mortgage Lending, Overdraft Loans, CFPB, Credit Cards
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...
- Six Principles for Real Reform: Balancing Bank Safety and Sensible Lending
Published: Jun 24 2009 Issue: Auto Financing, Car Title Loans, CFPB, Credit Cards, Mortgage Lending, Overdraft Loans
As Congress considers how to address improving consumer protection and regulation of our financial system going forward over the next several months, we offer six essential principles for achieving...
- Overview of the Obama Administration’s Proposed Consumer Financial Protection Agency
Published: Jun 24 2009 Issue: CFPB, Mortgage Lending
This summary focuses only on the consumer protection component of the Obama Administration’s Financial Regulatory Reform proposal.
- Regulatory Restructuring: Enhancing Consumer Financial Products Regulation
Published: Jun 24 2009 Issue: Auto Financing, Car Title Loans, CFPB, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans
Kathleen Keest, Senior Policy Counsel at CRL, testified before the House Financial Services Committee on CRL's support for a strong, state-of-the-art consumer protection agency for financial...
- Borrowers can file class actions to void illegal loans
Published: Jun 10 2009 Issue: Mortgage Lending
CRL's brief on behalf of the petitioners seeking certiorari from the United States Supreme Court in Andrews v. Chevy Chase Bank. CRL represents a Wisconsin couple, who was one of thousands of...
- Lender illegally foreclosed on a Virginia couple after they entered into a loan modification
Published: May 26 2009 Issue: Mortgage Lending
CRL's complaint on behalf of the plaintiffs in Rosa v. Federal Home Loan Mortgage Co. CRL, co-counseling with Legal Services of Northern Virginia, represents a couple in Fairfax County, Virginia...
- Comment: Proposed 2009 GSE Housing Goals
Published: May 22 2009 Issue: Mortgage Lending
CRL's comments on proposed housing goals for Fannie Mae and Freddie Mac support incentives to modify distressed mortgages.
- H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009
Published: Apr 23 2009 Issue: Mortgage Lending
Congress has an opportunity to prevent another mortgage fiasco by passing stronger protections on home lending.