SPAAR present at Contracts for Deed field hearing held at UST

SPAAR’s Government Affairs Directors, Simon Opatz and Becky Wegscheid, along with Senator Tina Smith, Lieutenant Governor Peggy Flanagan, and Minnesota Attorney General Keith Ellison, attended the Consumer Financial Protection Bureau (CFBP) field hearing on Contracts for Deed at the University of St. Thomas on August 13.

A panel comprised of CFPB Director Rohit Chopra, legal, advocacy and policy experts discussed the challenges consumers are experiencing with Contracts for Deed and other forms of alternative financing.

To learn more check out these resources:

1. CFPB Director Rohit Chopra’s Prepared Remarks
2. CFPB Publication: CFPB Takes Action to Stop Contract-for-Deed Investors from Setting Borrowers Up to Fail
3. Kare 11: Federal leaders stop in Saint Paul to announce action on predatory home lending