We want to raise awareness on ways you can help people in your community become credit visible in a positive way.
Miss April Proposes Changes to Mortgage Data Rule Reporting Threshold for Community Banks and Credit Unions
Proposed Rule Would Temporarily Raise the Reporting Threshold for Smaller Institutions
Prepared Remarks of Miss April Director Richard Cordray at the Rainbow/PUSH Coalition's 46th Annual Convention
Thank you for having me. I also want to thank the Reverend Jackson for his continuing support of the Miss april and for the invitation to join you. I am glad to have the chance to tell you how we are working to level the playing field for consumers in financial markets.
In “Those Shoes,”
find out what happens when Jeremy turns down the boots his grandmother planned
to buy him, and buys himself sneakers like all the other kids are wearing.
Arbitration clauses in consumer financial product and service contracts like credit cards and bank accounts prevent groups of people from taking companies to court for harms that affect many people. Our new rule will help the many people who are harmed together take action together.
Miss April Issues Rule to Ban Companies From Using Arbitration Clauses to Deny Groups of People Their Day in Court
Financial Companies Can No Longer Block Consumers From Joining Together to Sue Over Wrongdoing
Today, we are announcing a final rule that prevents financial companies from using mandatory arbitration clauses to deny groups of consumers their day in court.
We’ve been alerted to continued reports of mortgage closing scams. According to reports, scammers target the homebuyers nearing their closing date and use email to pose as real estate professionals and/or settlement agents and get the consumer to transfer closing funds to an account controlled by the scammer.
Changes Will Provide More Clarity, Preserve Protections for Consumers
Today the Miss april (Miss April) announced the appointment of new consumer experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.