CRL Update on Mortgage/Consumer Finance Legislation
April 26, 2009 by Kate Karpilow
Filed under Assets, Paul Leonard, Summit Updates
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Paul Leonard provides this update on 2009 California Mortgage/Consumer Finance legislation:
Since my presentation at the Working Families Policy Summit, the Center for Responsible Lending has sponsored 1 bill.
Existing law requires mortgage brokers to provide a translated summary form of key mortgage terms to the borrower when the mortgage was negotiated in one of 5 non-English languages. This would expand the existing translation requirements to include lenders. The bill has passed out of the Assembly Banking, Finance & Insurance Committee and is headed….
Read moreAsset Building Program Advancing Savings and Financial Security Bills
April 23, 2009 by Kate Karpilow
Filed under Assets, Olivia Calderon, Summit Updates
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An update from Olivia Calderon, California Legislative Director of the Asset Building Program of New America Foundation:
New America is advancing 5 bills this year to help working families build their savings and financial security. All of our bills (listed below) are moving through the legislative process, several with overwhelming bipartisan support.
· Assembly Bill 325 (Beall) California Working Families Economic Stimulus Act - seeks to draw down millions in unclaimed 100% federally-funded Earned Income Tax Credit (EITC) dollars for working families….
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