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.
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- Consumer Financial Protection Bureau--Overview of Key Provisions
September 1, 2010
Overview 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, 2010
Fed issues final rules on yield spread premiums.
- Comments to the Federal Housing Administration on Risk Management Initiatives
August 16, 2010
CRL's comments to the FHA on ensuring access to credit for low-wealth and minority borrowers as the agency considers risk management initiatives.
- Financial Regulatory Reform: The Consumer Financial Protection Bureau & Key Mortgage Provisions
August 14, 2010
Presentation on key provisions of the Dodd-Frank financial reform law, relating to the Consumer Financial Protection Bureau and mortgage lending
- The Snowe-Pryor Prioritizes Small Businesses Over Families, Taxpayers and Other Key Stakeholders
June 7, 2010
The 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.
- The Consumer Financial Protection Agency Should Be Independently Funded
June 7, 2010
To 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.
- Myths vs. Facts about the Consumer Financial Protection Bureau
April 23, 2010
The Consumer Financial Protection Bureau would actually reduce regulatory burden while increasing safety and soundness and making loans more affordable.
- Essentials of the Consumer Financial Protection Bureau
April 16, 2010
Here'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.
- Why a Federal Consumer Protection Watchdog Matters to the States
April 16, 2010
Financial 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.
- Comments to the Federal Trade Commission on Mortgage Assistance Relief
March 30, 2010
The need for mortgage relief continues to grow, but too often companies that promise mortgage assistance relief services (MARS) turn out to be scammers. CRL and its allies recently submitted comments to the Federal Trade Commission, which is considering tighter rules to ensure that people who pay for mortgage assistance actually have a fair chance of receiving help.