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Letters and Statements

Comunicado De Prensa: Capital Privado Amenaza A Residentes De Viviendas Prefabricadas
February 14, 2019 – 1:35 pm

Muchos de los inversionistas de capital privado y de bienes raíces más grandes del mundo, administrando más de $1.77 billones en activos, han estado comprado comunidades de viviendas prefabricadas a un ritmo acelerado y han aumentado estrepitosamente los alquileres y otros costos, lo cual representa una nueva gran amenaza para la seguridad económica de millones de adultos mayores, personas con discapacidades, familias, e inmigrantes que necesitan viviendas de bajo costo; según reporta un nuevo informe.

News Release: Private Equity Threatens Manufactured Home Residents
February 14, 2019 – 1:35 pm

Many of the largest private equity and real estate investors in the world, managing more than $1.77 trillion in assets, have bought up manufactured home communities at a rapid pace and raised rents and fees sharply, posing a dramatic new threat to the economic security of millions of seniors, people with disabilities, families, and immigrants in need of low-cost housing, according to a new report.

News Release: Consumer Groups Strongly Oppose CFPB Product Sandbox Proposal
February 12, 2019 – 4:11 pm

A group of 80 consumer, civil rights, legal services, labor, environmental, and community groups today expressed their strong opposition to the proposed changes to the Consumer Financial Protection Bureau’s no-action letter policy and its proposed product sandbox.

Stop The Debt Trap Statement: CFPB Releases Plan To Gut Payday Loan Protections
February 6, 2019 – 12:45 pm

This puts a vital consumer protection on the chopping block at the behest of predatory payday lenders, inviting them to continue profiting from trapping borrowers in a cycle of debt. We urge the Director to change course and not finalize such a rule.

Joint Letter: Letter to CRAs urging credit relief for federal contractors and small businesses affected by the shutdown
January 25, 2019 – 10:56 am

letter to CRAs urging credit relief for federal contractors and small businesses affected by shutdown

Joint Letter: Consumer Groups Urge FDIC To Promote Financial Inclusion For Distressed Consumers
January 24, 2019 – 12:48 pm

Several safeguards are critical to ensure that bank loan programs—particularly those designed for financially distressed consumers—promote financial inclusion rather than exacerbate financial exclusion and distress.

Joint Letter: Consumer Groups Urge FDIC To Cap Small-Dollar Loan Interest Rates And Consider Consumer Ability To Repay
January 24, 2019 – 12:41 pm

Credit cannot make up for a fundamental lack of income or consistent incapacity to meet expenses, particularly for the borrowers with damaged credit for whom high-cost bank products tend to be designed. Irresponsible loan products merely put these consumers in a cycle of debt, exacerbating, not helping their situation.

Joint Letter: Letter to CRAs urging credit relief for consumers affected by natural disasters
January 18, 2019 – 11:04 am

Letter to CRAs urging credit relief for consumers affected by natural disasters