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Displaying results 1 - 6 of 6 items found.

1. It Looks Like Payday Lending Bill Is Off the Table in New York; Consumers Can Breathe a Sigh of Relief…For Now

(Web Page; Tue Apr 30 14:24:00 CDT 2013)

Last week I drafted a piece on the mounting evidence that payday lending is bad for consumers. I am happy to say that I had to throw that piece in the recycle bin.On Monday, Superintendent Ben Lawsky sent a letter to NYS Assembly Speake...

Description: Last week I drafted a piece on the mounting evidence that payday lending is bad for consumers. I am happy to say that I had to throw that piece in the recycle bin.

2. The need for more sunlight on the mortgage lending marketplace

(Web Page; Mon Aug 27 08:40:00 CDT 2012)

Why do borrowers and communities of color get FHA and other government-backed mortgage loans disproportionately more often than white borrowers and communities? This is the question I’ve been hearing and grappling with since the ...

Description: Researcher, Barb vanKerkhove talks about why she thinks it’s important to understand bank’s mortgage lending and how it’s impacting communities.

3. Still working on that sunlight

(Web Page; Thu Oct 25 09:48:00 CDT 2012)

In my last post, I talked about the need for better data to increase transparency and accountability in the mortgage lending market. This week I have a great opportunity to make my case. I am one of several consumer advocates from acr...

Description: We will be talking with the CFPB about data-related issues, all of which are part of Dodd-Frank and are critical to shedding more light on mortgage lending and servicing in this country.

4. Bravo to AG Schneiderman

(Web Page; Fri Oct 26 10:23:00 CDT 2012)

There has been much discussion about the lawsuit recently filed by New York’s Attorney General, Eric Schneiderman, against JP Morgan for fraudulent activities committed by Bear Stearns before JP Morgan acquired it in March 2008. F...

Description: Attorney General Schneiderman is coming under fire for his lawsuit against JP Morgan. Empire Justice advocates argue that it’s a matter of justice that banking institutions that purchased failed predatory lending businesses be held accountable – particularly since the potential for litigation was factored into the lowered purchase, or “fire sale” price.

5. When it Comes to Foreclosures, the FHFA Should Lay Blame Where it Belongs - On Mortgage Servicers, Not State Consumer Protection Laws

(Web Page; Mon Dec 03 06:57:00 CST 2012)

The Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac’s overseer, wrongly, and egregiously is attacking state consumer protection laws. The Agency published a proposal [http://www.fhfa.gov/webfiles/24525/NoticeSt...

Description: Advocates comment on The Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac’s overseer, wrongly, and egregiously is attacking state consumer protection laws.

6. CFPB Publishes Complaint Narratives - What it Means for New Yorkers

(Web Page; Wed Jul 29 13:39:00 CDT 2015)

On June 25, 2015, the Consumer Financial Protection Bureau (CFPB) published over 7,700 consumer complaint narratives about financial companies. Since first making the complaints database public in 2013, CFPB has been improving access ...

Description: Since first making the complaints database public in 2013, CFPB has been improving access to and search capabilities for the data collected. The ability to view consumer complaint narratives may be the most significant change in this access yet.