Coalition Efforts

Consumer Action is working on these important issues along with other organizations. If you would like to know more about these issues, please see “More Information” at the end of each article.

 

Postings

Grant FHA-backed borrowers the full forbearance relief they are legally entitled to
In a letter to the U.S. Department of Housing and Urban Development (HUD), coalition advocates urged HUD to give Federal Housing Administration-backed borrowers who start forbearance plans after July 1, 2021, access to a full 12 months of forbearance, in line with policies from the Government Sponsored Enterprises (GSEs), the Department of Veterans Affairs (VA), and the Department of Agriculture (USDA). In doing so, HUD would rightfully recognize the continued economic turmoil from the global pandemic. HUD’s current decision unnecessarily limits forbearance for borrowers accessing plans after June 30, 2021, to only six months of relief instead of the standard 12 months pursuant to the CARES Act.

Climate change threatens vulnerable residents’ housing opportunities
Groups write to the Federal Housing Finance Agency with concerns that climate risk mitigation efforts could cause inadvertent harm to communities already vulnerable to the adverse effects of climate change.

The FTC and CFPB must do more to prevent mass homelessness during the pandemic
Over 11 million families are at risk of losing housing. Protection from evictions and foreclosures is greatly needed due to the ongoing economic crisis accompanying the COVID-19 pandemic, including the loss of household income in the near and long term. Consumer Action joined advocates in urging the U.S. Federal Trade Commission and the Consumer Financial Protection Bureau to work together to prohibit unfair debt collections and ensure financial and regulatory agencies confirm industry standards regarding forbearance availability for homeowners. Without these additional protections, many will lose their homes and be forced to move at a time when COVID-19 levels are still extremely high and vaccination access for many is still months away. As a result, the financial impact of COVID would result in substantially greater risk of spreading illness.

Over 100 groups call on Federal Reserve to Strengthen CRA
More than 100 national and local civil rights, fair lending and consumer rights organizations have urged the Federal Reserve Board to strengthen the Community Reinvestment Act (CRA), a key anti-redlining and civil rights law. In detailed comments that addressed issues from access to credit, location of bank branches and investments in underserved communities, the groups laid out a plan for the Biden Administration to leverage CRA to ensure an equitable recovery from the ongoing economic, racial justice and public health crisis.

Immediate action needed to help keep families in their homes
As millions of Americans face continued hardship from the COVID-19 pandemic, advocates wrote to the Consumer Financial Protection Bureau (CFPB) to urge the Bureau to keep individuals and families in their homes. Advocates recommended specific steps the Bureau can take to help borrowers avoid foreclosure, including homeowners without federally-backed mortgages. They asked that the CFPB focus on implementing quick policies during this current crisis, rather than embarking on a larger disaster-related rulemaking, leaving time to analyze best practices and measure how well the policies adopted during this crisis worked to save homes.

Prioritizing health equity to overcome the coronavirus pandemic
The COVID-19 pandemic has exposed stunning gaps in the U.S. public health and health care systems and highlighted the negative effects of hundreds of years of structural inequities and systemic racism on our communities. The U.S. COVID-19 response has been marked by politicization of public health, skepticism of science, and a lack of a national plan. For people with disabilities, low-income families, communities of color, and those living in congregate settings, COVID-19 has exacerbated inequities with fatal consequences. Advocates joined together in making recommendations to the Biden administration: from community mitigation to testing and tracing to safe quarantine, working and sharing lessons with nations around the world. An equitable and fair COVID-19 response ensures the safety and healthcare needs of our most vulnerable communities.

Protect limited-English speakers from harmful debt collection practices
A coalition of consumer, civil and human rights, labor, community and legal services organizations wrote to the Consumer Financial Protection Bureau (CFPB) to voice concerns with the Bureau’s approach to consumers with Limited English Proficiency (LEP) in the recently finalized Debt Collection Practices (Regulation F) rule. There are many misconceptions about debt collection laws that are heightened by language barriers, leaving LEP consumers vulnerable to harassment and exploitation. Providing enhanced language access is essential to protect LEP consumers and provides the CFPB with the ability to enforce critical consumer rights.

Advocates urge the Biden administration to reject Big Tech appointments to his cabinet
In a letter to President-elect Biden, consumer and privacy advocates urged the President-elect to avoid appointing representatives from tech giants like Amazon, Apple, Facebook and Google to his cabinet. These companies represent serious threats to privacy, democracy, innovation and to Americans’ economic well-being. Advocates warned that representatives from these companies should not hold positions of power within our government. Instead, advocates urged Biden to assemble a team of advocates that will represent working Americans and not the Big Tech companies that work to exploit them.

Allies urge CFPB Director not to weaken its enforcement arm
A coalition of more than 80 consumer and civil rights groups urged the Consumer Financial Protection Bureau’s (CFPB) Director Kathy Kraninger to "abandon" her "October Surprise" proposed reorganization. Instead of strengthening the arm of the CFPB that holds predatory financial institutions accountable, the proposal would drastically weaken its authority, independence, and ultimately, effectiveness, leaving consumers vulnerable and defenseless during an already financially stressful time.

The next COVID-19 relief package should include these critical consumer protections
Millions of people and small businesses in the United States are experiencing tremendous financial distress because of the COVID-19 pandemic. Unemployment is skyrocketing and families are struggling to put food on the table. Congress and the administration need to enact broad-based, efficient, and effective relief that goes far beyond the CARES Act to protect people’s homes, cars, bank accounts, income, and benefits so that they can weather this crisis. Consumer Action joined nearly 100 consumer, civil rights, community and other public interest groups weigh in on recommendations for Congress' next stimulus package.

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