Consumer Finance Litigation

On April 6, 2020, the Chairwoman of the House Financial Services Committee, Maxine Waters, issued a broad memo outlining additional Democratic priorities for any subsequent Coronavirus relief package. Although more far-reaching, many of those proposals would directly impact consumers and the financial services industry, including:

1. Support for Renters, Homeowners, and the Homeless:

During the Crisis

(1) Ban all evictions for nonpayment of rent regardless of whether the property has a federally backed loan. Tenants would be eligible to receive assistance through the ...