Press Releases

May 9, 2013 | Filed under: Forced Arbitration

NACA and a coalition of 46 other public interest organizations are urging Congress to pass the Arbitration Fairness Act of 2013 (AFA), S. 878 and H.R. 1844, introduced by U.S. Sen. Al Franken (D-Minn.) and in the House of Representatives by Rep. Hank Johnson (D-Ga.)

Click here to read NACA’s Arbitration Fairness Act support letter. 

March 27, 2013 | Filed under: Mortgage, Real Estate & Housing

NACA joined a letter with over 100 consumer and housing advocacy groups that was sent to the Office of Mortgage Settlement Oversight raising fair lending concerns and the need for greater transparency for the national mortgage settlement. ...

February 27, 2013 | Filed under: Forced Arbitration

The U.S. Supreme Court will hear oral arguments today in a case that could allow corporations to grant themselves complete immunity from federal laws and force small businesses and individuals out of their right to go to court and into a one-sided, private arbitration process.  In the case, American Express Co. v. Italian Colors Restaurant, the Supreme Court will decide if corporations can force arbitration on small businesses and individuals even when it can be proven that the forced arbitration clause in the contract is too costly or inherently unfair.

January 18, 2013 | Filed under: Mortgage, Real Estate & Housing

National Association of Consumer Advocates (NACA) released the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) publication of new rules on mortgage servicing. ...

January 17, 2013 | Filed under: Mortgage, Real Estate & Housing

The CFPB’s new mortgage servicing rules represent an important step toward reigning in abuses that continue to plague the mortgage servicing industry.

January 7, 2013 | Filed under: Mortgage, Real Estate & Housing

WASHINGTON─The National Consumer Law Center and the National Association of Consumer Advocates responded today to the OCC and Federal Reserve Board’s replacement of the Independent Foreclosure Review program with a capped $10 billion agreement which includes a $3.75...

June 19, 2012 | Filed under: Small Dollar Loans

Today consumers are better equipped to hold financial companies accountable.

 

 

 

April 25, 2012 | Filed under: Class Actions | Tagged with: Arbitration

WASHINGTON, D.C. – In the year since the U.S. Supreme Court’s decision in AT&T Mobility v. Concepcion, consumers regularly have been blocked from pursuing class-action cases, a report issued today by Public Citizen and the National Association of Consumer Advocates (NACA) reveals.

April 24, 2012 | Filed under: Forced Arbitration

Today, the National Association of Consumer Advocates released the following statement about the Consumer Financial Protection Bureau's announcement that it would begin its inquiry of the practice of Forced Arbitration:

Consumer Advocates hope CFPB study opens the closed door,...

February 22, 2012 | Filed under: Mortgage, Real Estate & Housing

Results of a new nationwide survey published today by the National Association of Consumer Advocates (NACA), the National Consumer Law Center (NCLC) and the National Association of Consumer Bankruptcy Attorneys (NACBA) show that mortgage servicers continue to initiate foreclosure proceedings improperly, either while a homeowner is awaiting a loan modification or due to improper fees or payment processing.

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