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States Unite to Defend Homeowner Protections | Montpelier News
Description
Vermont is leading a bold coalition of nine other states in a legal fight against a new federal rule that threatens to strip away state protections for homeowners—specifically, the right to earn interest on mortgage escrow accounts. Attorney General Charity Clark warns this move undermines decades of consumer safeguards and could pave the way for federal overreach into state-level financial regulations. With allies including New York and California, this multi-state lawsuit aims to preserve local control and ensure homeowners keep more money in their pockets—not just in Vermont, but across the nation.
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