On Twitter, NCLR joined @SaludToday for a #SaludTues Tweetchat on the power of promotores, who increasingly play an important role in promoting community-based health education and services for Latinos. See highlights from yesterday’s lively chat.
Last week the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced the release of the Flex Modification, a foreclosure prevention program that follows on the heels of the expiring Home Affordable Modification Program (HAMP). HAMP, introduced in 2009, was designed to help homeowners who fell behind on their mortgage payments to get relief and avoid foreclosure. Leading up to the recession, many homeowners, particularly in communities of color, were targeted by predatory lenders who offered unsustainable mortgage products. HAMP allowed homeowners to get relief by providing them with a permanent adjustment to their monthly payment that would make their mortgage more affordable. Homeowners could access this adjustment by seeking guidance from a HUD-certified housing counseling agency, and completing an application to their mortgage servicer.
With HAMP set to expire on December 31, 2016, stakeholders in the housing industry have rolled out proposals for the post-HAMP loan modification program. The Mortgage Bankers Association has led the industry’s efforts and developed the One Mod proposal. This universal or one-size-fits-all loan modification approach aims to replace HAMP, which was based on an individualized assessment of a homeowner’s financial situation.
Every day, NCLR works to create opportunities that help advance the Latino community. Our work touches the lives of people all across the country both from a national perspective with our advocacy work and at the local level via our programs and our Affiliate Network. If you’re looking for an opportunity to do gratifying work that helps change lives, consider working for NCLR.
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By Yuqi Wang, Policy Analyst, Economic Policy Project, NCLR
On November 23, the U.S. District Court for the Eastern District of Texas blocked the Department of Labor’s (DOL) updated overtime eligibility rule from going into effect by suspending the rule’s December 1 enforcement date. The Department of Labor’s (DOL) updated overtime rule, finalized in May 2016, would have brought employers and workers into the 21st century by increasing the overtime salary threshold from $23,660 to $47,476. By siding with business interest groups, the Court’s decision is a blow to the 12.5 million workers who were counting on the updated overtime rule to provide them with the right to be compensated fairly for a hard day’s work. Workers in office and administrative positions, transportation and material moving professions, as well as construction occupations are just some of the people severely impacted by this decision.
It’s important to note that, contrary to the Court’s assertion that the DOL exceeded its authority, the agency has had the ability to change the minimum salary threshold for overtime for the past 78 years. In fact, the DOL has updated the salary threshold seven times since the Fair Labor Standards Act (FLSA) became law in 1938.