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Letter to Regulator: AFR asks Fed to protect consumers in check forgery disputes
August 1, 2017 – 4:38 pm | Comments Off on Letter to Regulator: AFR asks Fed to protect consumers in check forgery disputes

“We support the proposed rule but urge the Board to clarify that the presumption be limited to disputes between banks and recommend the Board require banks to maintain original checks for a specified period of time.”

Letter to Regulator: AFR, 8 organizations provide detailed recommendations to FHFA to improve language access in the mortgage industry
August 1, 2017 – 4:10 pm | Comments Off on Letter to Regulator: AFR, 8 organizations provide detailed recommendations to FHFA to improve language access in the mortgage industry

“The burden of interpreting financial services jargon and communicating with lenders and servicers should not rest solely on borrowers. . . . Expanding access to language services throughout the mortgage process would begin to equalize a system that currently undermines the ability of LEP borrowers to understand the complexities of their future homeownership prospects and to protect their home after purchasing it.”

Letter to Regulator: AFR, 86 organizations call for FHFA to make mortgages more accessible to people with limited English proficiency
August 1, 2017 – 4:01 pm | Comments Off on Letter to Regulator: AFR, 86 organizations call for FHFA to make mortgages more accessible to people with limited English proficiency

“As dominant actors in the mortgage industry with a statutory duty to facilitate underserved communities’ access to homeownership, we welcome the FHFA, Freddie Mac, and Fannie Mae’s consideration of steps to expand access to the mortgage market.”

Letters to Regulators: 17 Organizations Comment on CFPB Request for Information Regarding Consumer Access to Financial Records
February 21, 2017 – 6:12 pm | Comments Off on Letters to Regulators: 17 Organizations Comment on CFPB Request for Information Regarding Consumer Access to Financial Records

“…The digital economy should ensure consumers can access and use records about themselves, and that consumers can choose to authorize third-parties to access such data on their behalf to support their financial health and facilitate competition among financial services providers.”