Comment Letters

March 16, 2009 | Filed under: Other Areas of Interest

On behalf of the Leadership Conference on Civil Rights (LCCR) and the undersigned civil rights, human rights, labor, and consumer organizations, we respectfully request that you reverse the Bush administration’s position in Cuomo v. The Clearing House Ass’n, L.L.C., currently pending before the U.S. Supreme Court.

March 5, 2009 | Filed under: Automobiles

This hearing is indeed timely, given the current meltdown in the automotive marketplace, which has created a devastating ripple effect impacting not only individual car buyers and their families, but also auto manufacturers and dealers, suppliers, auto workers, auto lenders, and our economy as a whole, as well as our ability to address climate change by accelerating purchases of newer, safer, more fuel efficient vehicles.

February 26, 2009 | Filed under: Other Areas of Interest | Tagged with: Credit Cards, Lending, testimony

While there is much to say about why we have a human-made disaster of this proportion, millions of American families are just desperately trying to cope with the reality of default or foreclosure on their mortgage loans, or are worried about looming difficulties in meeting their mortgage payments. I will try to address the unfair and deceptive practices targeting homeowners in foreclosure and how government can help protect these families in a time of intense distress.

February 19, 2009 | Filed under: Automobiles

This matter calls upon the Court to consider whether a plaintiff, prior to instituting litigation pursuant to the Consumer Fraud Act (CFA), N.J.S.A. 56:8-1 to -20, must first request a refund of a claimed overcharge from an allegedly culpable merchant.

February 13, 2009 | Filed under: Other Areas of Interest | Tagged with: consumer protection, Legislation, Lending

We the undersigned consumer, civil rights and labor organizations write to commend you for introducing the Credit Card Reform Act. As the U.S. economy balances precariously on the brink of recession, this important legislation will protect financially vulnerable families from many harmful practices that credit card companies use to unjustifiably increase fees and interest rates.

February 12, 2009 | Filed under: Telephone Consumer Protection Act | Tagged with: consumer protection, Lending, testimony

Daily, consumers throughout America receive collection letters claiming that s/he owes thousands of dollars on a delinquent credit card debt. Time and again, I and my fellow consumer advocates hear from clients who tell stories that mimic the facts described by the Court in Discover Bank v. Owens. In that case, an Ohio court found that Ms. Owens, an elderly woman who depended on a monthly Social Security Disability (“SSD”) check, had more than repaid the principal balance plus interest that she had borrowed on a Discover credit card. The court rejected Discover’s attempt to collect an additional $5000 in late fees, penalty interest and credit protection costs, because those charges were, in the court’s view, unconscionable.

February 9, 2009 | Filed under: Mortgage, Real Estate & Housing

NACA and other consumer groups submit comments to the Board of Governors of the Federal Reserve System regarding Docket No. R-1340.

February 6, 2009 | Filed under: Mortgage, Real Estate & Housing

The undersigned civil rights, consumer, and community organizations request the opportunity to meet with you to discuss the Treasury Department’s plans for using its authority and funding under TARP to assist homeowners facing foreclosure or in imminent danger of default.

January 13, 2009 | Filed under: Mortgage, Real Estate & Housing

The Troubled Asset Relief Program (TARP) must include a foreclosure prevention program that requires those who receive funding to engage in streamlined loan modification efforts. This TARP program must be implemented quickly, whether through an agreement with the Obama Administration on core principles or through legislation consistent with the concepts in Title II of Chairman Frank's H.R. 384.