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Consumer

The Consumer Policy Advocacy section contains Legislative Memos, Letters, Comments and Testimony. You will also find news items, articles and reports that relate to our policy work in consumer.

 


 

Legislative Memos

Empire Justice Memo of Support: New York State Must Require that Student Loan Servicers be Licensed
Student loan servicing has generally gone unregulated in New York State, and confusion about student loans is common among borrowers, in part because there are no common rules. This bill would set a baseline level of procedures and protections to provide common sense notice and protections for borrowers. Read More

Empire Justice Memo of Support: Recording of Transfers and Assignments of Mortgages
This bill will provide transparency in mortgage transactions involving residential real property by requiring forms that include the name of the mortgage originator or assignee, their address, phone number, the date the mortgage or assignment was made, and the name of an authorized representative. Read More

Empire Justice Memo of Opposition: Don't Allow Check Cashers to become Lenders
This bill would license and permit check cashers to become lenders outside of New York’s traditional and regulated banking system, and without ensuring the safety and soundness of those loans. Read More

Empire Justice Memo of Support: Improving Mortgage Foreclosure Settlement Conferences
This bill provides clarifying amendments to CPLR 3408, bringing the statute in line with the rules and practice of the courts. Read More

More Legislative Memos >>


 

Policy Letters

Confirm Rep. Mel Watt as Director of FHFA
These letters urge NYS Senators Schumer and Gillibrand to support the confirmation of Melvin Watt as Director of the Federal Housing Finance Agenc Read More

 

Comments

Empire Justice Comments to CFPB Concerning Small Business Lenders in Rochester, NY
While the public CRA lending data adds to our understanding of the CRA performance by banks in their communities, compared to the publicly available HMDA data, the current formulation of the data has severe limitations. Read More

 

Testimony

Empire Justice Center Testimony for the 2017 Joint Legislative Budget Hearing on Housing
Empire Justice Center's testimony prepared for the 2017 Joint Legislative Budget Hearing on Housing. New York State must commit $30 million in funding for the Foreclosure Prevention Services Network to continue the great strides we've made in keeping New Yorkers in their homes. Read More

 

 


 

Policy Related News

Empire Justice Center Statement on CFPB Director Cordray Stepping Down

Consumer Financial Protection Bureau Director Richard Cordray has been a beacon for millions of Americans harmed by abusive financial services practices. Read More

Empire Justice Statement on Language Access Additions to the Uniform Residential Loan Application

On October 20, 2017, The Federal Housing Finance Agency (FHFA) announced its decision to add a preferred language question to the redesigned Uniform Residential Loan Application (URLA) by the end of 2017. Read More

More policy related news >>


 

Policy Related Articles

Empire Justice Center 2017 State Administrative Priorities :
As New Yorkers, we unite around the concepts of liberty, equality and opportunity. In 2017, Empire Justice Center’s top priorities will be focused on identifying and fostering ways to strengthen New York’s laws, our communities, and each other, to protect justice for ALL New Yorkers. Read More

Empire Justice Center 2017 State Legislative Priorities :
As New Yorkers, we unite around the concepts of liberty, equality and opportunity. In 2017, Empire Justice Center’s top priorities will be focused on identifying and fostering ways to strengthen New York’s laws, our communities, and each other, to protect justice for ALL New Yorkers. Read More

 

Policy Related Reports

NYRL Report: Divergent Paths  Divergent Paths reveals wide variations in the implementation of foreclosure settlement conference rules. The wide variations in implementation have the potential to leave tens of thousands of New Yorkers at heightened risk of losing their homes.  Read More