The Language Access Task Force of Americans for Financial Reform (AFR) submits the following comments in strong support of the Federal Housing Finance Agency (FHFA)’s Notice of Proposed Rulemaking on Fair Lending Oversight and Equitable Housing Finance.
News Release: Advocates Welcome Mandatory Collection of Language Preference Data by Fannie Mae and Freddie Mac
WASHINGTON, D.C. – Americans for Financial Reform, the Connecticut Fair Housing Center, Consumer Action, National Coalition for Asian Pacific American Community Development (National CAPACD), the National Consumer Law Center, the National Fair Housing Alliance, National Housing Resource Center, and UnidosUS celebrate today’s decision by Fannie Mae and Freddie Mac (the Enterprises), that will require lenders selling loans to the Enterprises to collect information on borrowers’ preferred language, as well as any housing counseling services they’ve used.
Letters to the Administration: Letter to the White House Task Force on New Americans on Language Access
AFREF joined a letter to the White House Task Force on New Americans Financial Access and Education Subcommittee urging them to incorporate policies that would explicitly expand language access within the financial services sector.
AFREF joined a letter calling on FHA to strengthen language access for borrowers with limited English proficiency.
AFREF joined a letter to FHFA calling on the agency to rededicate itself to improving language access in mortgage origination and servicing.
Letters to Regulators: Letter to the CFPB on the Need for Access to the Online Complaint System in Spanish
AFREF joined a letter to the CFPB highlighting the need for access to their online complaint system in Spanish.
Letters to Congress: Letter Urging the House to Pass the Comprehensive Debt Collection Improvement Act
AFREF joined our partners in a letter urging the House to pass the Comprehensive Debt Collection Improvement Act to protect vulnerable consumers from abusive debt collection practices.
Letters to Congress: Letter in Support of the Improving Language Access in Mortgage Servicing Act of 2021
The Americans for Financial Reform (AFR) Language Access Task Force and partner organizations sent a letter to the House Financial Services Committee in support for HR 3009, the Improving Language Access in Mortgage Servicing Act of 2021. LEP borrowers face many challenges that impede their full participation in the consumer marketplace, including, specifically, their ability to obtain and preserve ownership of a home. The Improving Language Access in Mortgage Servicing Act will make important strides in improving access to the mortgage market and increasing awareness of the availability of assistance for homeowners who are struggling to keep up with their mortgage payments, which is especially critical during the ongoing COVID-19 pandemic.
Letters to Regulators: Joint ECOA RFI Comment Letter to CFPB Improving Language Access for LEP Consumers
AFREF and members of our LEP Task Force submitted joint comments on how to improve language access for LEP consumers in response to the CFPB’s question on limited English Proficiency as part of its RFI on the Equal Credit Opportunity Act.
Letters to Regulators: Letter to CFPB on Need for Greater Debt Collection Protections for LEP Consumers
Letter from 26 groups to the CFPB urging the agency to strengthen protections for LEP consumers in the next part of the debt collection rule.