Op-Ed

CFPB is Model of Fairness

By Charlene Crowell NNPA Columnist   If there was one key lesson from the recession it is that financial services need effective regulation. It took billions of lost wealth, largely through millions of foreclosures, before lawmakers took decisive actions to ensure that never again would […read more]

Op-Ed

Housing Recovery Bypasses Blacks and Latinos

By Charlene Crowell NNPA Columnist   Scholars from several of the nation’s most-esteemed colleges and universities jointly concluded that the nation’s so-called housing “recovery” is bypassing communities of color and working- class neighborhoods. Underwater America, their new report, analyzed negative equity and foreclosure data using zip codes […read more]

Op-Ed

Mortgage Complaints Grow

By Charlene Crowell NNPA Columnist   In mid-March, the monitor for the National Mortgage Settlement announced that participating banks had completed terms of the agreement affecting 49 states. Bank of America, Citigroup, JP Morgan Chase and Wells Fargo collectively provided more than $20 billion in […read more]

Op-Ed

Preserving the American Dream of Homeownership

By Charlene Crowell NNPA Columnist   Although many economists claim the recession is over, millions of Americans are still reeling from its financial effects. In particular, communities of color continue to be disproportionately affected by billion-dollar losses in family wealth. New mortgage rules, effective this […read more]

Op-Ed

Student Loan Bill of Rights

By Charlene Crowell NNPA Columnist   In the aftermath of a recent report that found the lack of student loan servicing standards and information on monies owed, two U.S. Senators will work as a team to create a Student Loan Borrower Bill of Rights. Sponsored […read more]

Op-Ed

Cracking Down on Payday Lenders

By Charlene Crowell NNPA Columnist   Just in time for the holiday season, three federal regulators have taken two separate actions against payday lending. One seeks to remedy outrageous wrongdoing by refunding money to past customers. The other will protect existing or new borrowers from […read more]

Op-Ed

Nation’s Housing Recovery Far from Equal

By Charlene Crowell NNPA Columnist With the annual holiday season approaching, many across the country will soon be celebrating with families and loved ones. Many such gatherings will toast the season and its blessings. But for families still troubled by delinquent mortgages and foreclosures, this […read more]

Op-Ed

Coping With Student Loan Repayment

By Charlene Crowell NNPA Columnist A new report from the Consumer Financial Protection Bureau (CFPB) found that many of the same types of loan servicing problems that affected consumers in the mortgage market are now affecting student loan borrowers. Just as troubled homeowners were often […read more]

Op-Ed

Black and Latino Wealth Drops to Record Lows

By Charlene Crowell NNPA Columnist   As part of the 43rd annual Congressional Black Caucus Foundation Conference, the National Association of Real Estate Brokers (NAREB) unveiled new and disturbing research on how communities of color are suffering a worsening racial economic disparity. The State of Housing in […read more]

Op-Ed

Payday Loans Still a Deliberate Debt Trap

By Charlene Crowell NNPA Columnist Payday loans – the small loans that come with big fees and triple-digit annual interest rates – pose serious threats to the financial well-being of borrowers. That was the conclusion reached  by the Center for Responsible Lending (CRL). “Whether they […read more]

Op-Ed

Low Home Down Payment Builds Family Wealth

By Charlene Crowell NNPA Columnist In the midst of varying proposals for housing reform, civil rights leaders are publicly calling for lawmakers to keep mortgage lending affordable and accessible. A recent letter jointly signed by the NAACP, National Urban League, National Council of LaRaza, National […read more]

Op-Ed

Credit Card Debt Drops to $850 Billion

By Charlene Crowell NNPA Columnist In a recent report to Congress, the Board of Governors of the Federal Reserve System shared the progress accomplished in lowering the nation’s credit card debt. By the end of 2012, cardholder debt was lowered to $850 billion, a significant […read more]

Op-Ed

Student Loan Debt Reduces Lifetime Wealth

By Charlene Crowell NNPA Columnist A new research report on America’s still-growing student loan debt found that its financial effects can last a lifetime. According to Demos, a national, nonpartisan public policy organization, 39 million Americans have used student loans to fund college education. An […read more]

Op-Ed

The Downside of Car-Title Loans

By Charlene Crowell NNPA Columnist For most people, a car paid in full is a sign of financial freedom. When monthly notes are done, household budgets gain the opportunity to redirect money to savings, a home down payment, retirement investments or other needs. That financial […read more]

Op-Ed

More than 40 million Households Pay More than 30 Percent for Housing

By Charlene Crowell NNPA Columnist Each year the Joint Center for Housing Studies at Harvard University assesses the nation’s housing outlook.  The just-released The State of the Nation’s Housing in 2013 acknowledges that a housing recovery is underway; yet shares an array of findings that show only some […read more]

Op-Ed

Overdraft Fees are Still a Problem

By Charlene Crowell NNPA Columnist   A new report by the Consumer Financial Protection Bureau (CFPB) finds that overdraft fees continue to pose high risks to consumers, despite recent regulatory changes. The report focuses on the dreaded overdraft charge, the fees banks and credit unions collect for […read more]