Coalition Efforts

Consumer Action is working on these important issues along with other organizations. If you would like to know more about these issues, please see “More Information” at the end of each article.



Request for a seven-month extension of VA foreclosure pause
Nearly three dozen consumer and housing advocacy organizations signed on to a letter to the Department of Veterans Affairs (VA) urging the agency to extend the foreclosure pause of VA-guaranteed loans from May 31, 2024, to December 31, 2024.

FHFA should require new homes financed with Fannie/Freddie-backed mortgages to meet energy code requirements
More than 75 organizations urged the FHFA to require that all new homes purchased with mortgages backed by Fannie Mae and Freddie Mac meet updated energy code requirements.

Homes Guarantee coalition asks FHFA to impose tenant protection requirements on borrowers
A coalition of housing and consumer rights advocates urged the FHFA, as the regulator and conservator of Fannie Mae and Freddie Mac, to implement tenant protections in rental units with mortgages backed by Fannie and Freddie.

Coalition supports FHFA’s proposed rulemaking on fair lending oversight and equitable housing finance
The Language Access Task Force of Americans for Financial Reform (AFR) expressed support for the Federal Housing Finance Agency’s proposed rulemaking related to equitable and accessible housing financing.

CFPB should solidify access to streamlined loss mitigation options for homeowners
In a letter to the CFPB, advocates urged the agency to take steps to ensure homeowners have access to streamlined loss mitigation options to prevent foreclosures.

Advocates ask CFPB to take action against mortgage lenders, servicers and debt collectors for their handling of “zombie” second mortgages
Nearly three dozen advocacy organizations voiced their concerns to the CFPB about “zombie” second mortgages—risky subprime loans that have seen no activity for many years—that are coming back to life and threatening to strip (mostly lower-income, BIPOC and older borrowers) of their homes and equity.

Stronger CRA rules still needed to ensure equal access to credit
With a new proposal imminent from federal bank regulators, community, civil rights and consumer advocacy groups stress the urgency of updating the Community Reinvestment Act (CRA). The CRA is a civil rights era law meant to end and reverse the impact of 20th century redlining by requiring banks to lend in all communities where they are chartered to do business. Critical changes to both the process and metrics of CRA exams that evaluate lender performance, as well as updates to how digital banks are assessed, are needed to ensure that communities of color have equal access to credit to buy homes or build and grow businesses.

Congress needs to prioritize affordable housing in future budget reconciliation bills
In a letter addressed to members of Democratic leadership, Consumer Action joined advocates in emphasizing the beneficial impact fair and affordable housing and homeownership have on the economy and on the financial health of those in vulnerable communities. Advocates urged Congress to support full funding that supports the production of and opportunity for affordable housing in every state as part of any future budget reconciliation bill.

As the pandemic continues, the Build Back Better Act aims to provide critical assistance to American families
Consumer Action joined over 200 national, state and community organizations in thanking the House of Representatives for the momentous gains made in the Build Back Better Act, reinforcing the need to keep the package intact as it makes its way through the Senate, and urging swift passage onto signature by President Biden. By passing the historic Build Back Better bill, Congress is tackling some of the most important problems families face, by accomplishing things such as cutting taxes for working and middle class families, supporting child and elder care, making college more affordable, providing job training, and making the largest investment in battling climate change in our nation’s history.

Advocates ask the CFPB to bring back public consumer complaint narratives
Dozens of consumer, civil rights, community, housing and privacy groups urged the new director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, to stop burying the complaint details (called narratives) in the agency’s consumer complaint database. Under its Trump-appointed director, Kathy Kraninger, the CFPB made it more difficult for consumers to access the most useful portion of the complaints. Burying the complaint narratives was one of many big gifts Kraninger gave to financial firms that long fought public display of the consumer-provided descriptions that reveal the unfair practices companies would rather keep hidden.

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