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'The Most Anti-Veteran President in History': VA Families Losing Homes After Trump Killed Loan Program
"It's a struggle. Especially with everything else being inflated in the country," said one US Army vet, "you know, with groceries, gas... I'm like, what the hell?"
Apr 02, 2026
Just as President Donald Trump and Republicans in Congress were warned would happen, close to 100,000 US veterans are currently behind on their mortgage payments or are in the process of foreclosure as a result of the White House's decision to shut down a Department of Veterans Affairs program that helped people with VA-backed home loans when they were behind on their monthly payments.
As NPR reported Thursday, more than 10,000 have already lost their homes, nearly a year after the Trump administration abruptly did away with the VA Servicing Purchase (VASP) program.
The program was rolled out during the Biden administration, after the VA ended a pandemic-era assistance program that had allowed VA home loan borrowers to gradually pay back mortgage payments that they had needed to skip.
Under VASP, the VA purchases home loans that were in default from mortgage services and then modified the loans.
In March 2025, a representative from the Mortgage Bankers Association told the House Veterans Affairs Committee that widespread foreclosures would result if the VASP program—which Republicans in Congress said had been created by former President Joe Biden for "political purposes... to undercut the VA Home Loan program—was not protected.
Despite the warning, the VASP program was halted two months later.
Nearly a year after the program's end, the VA is still developing a replacement to help veterans—many of whom are struggling to afford essentials just like the majority of other Americans as the cost of living crisis intensifies with rising fuel prices due to Trump's war on Iran.
Sources in the mortgage industry told NPR that many of the vets who have lost their homes so far had enough disability benefits or other income to avoid foreclosure, had the VASP program remained in operation.
NPR interviewed Leann Ledford, whose husband, a Marine veteran who served in Afghanistan, has a brain injury, experiences seizures, and suffers post-traumatic stress disorder. The family is one of tens of thousands who learned in October 2022 that the Biden administration had ended the earlier pandemic-era program and that they would have to pay a year's worth of back payments in one lump sum.
The Ledfords were also one of many veteran families who were unable to enroll in VASP before Trump abruptly shut it down.
Ledford told NPR that with her husband's $3,971 monthly disability check, they could have afforded mortgage payments under the VASP program.
Army veteran Jon Henry was also unable to enroll in VASP before it was shut down, and was forced to take a modified loan with payments that are $380 more per month than his original mortgage.
"It's a struggle," Henry told NPR. "Especially with everything else being inflated in the country, you know, with groceries, gas … I'm like, what the hell?"
NPR's reporting led Sen. Tammy Duckworth (D-Ill.), an Iraq War veteran, to denounced Trump as "the most anti-veteran president in history."
When Trump's new VA home loan assistance program is up and running—which isn't expected to happen for several more months, veterans will be able to move their missed payments to the back of their loan term. But in the current draft of the plan, reported NPR, "the VA is telling mortgage companies that if a new, modified loan at a higher interest rate only raises a veteran's monthly payment by up to 15%, they must place vets into that more costly loan."
"So a veteran with a $2,000 monthly mortgage payment could still be pushed into a modified loan that raises their payment by up to $300 a month. And they wouldn't be given the option of moving their missed payments to the back of their loan and keeping their original, lower-cost mortgage," reported the outlet.
Pete Mills of the Mortgage Bankers Association told the VA last month that under Trump's plan, "as drafted, veterans will continue to have worse options than similarly situated non-veterans."
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Dismantling the Consumer Financial Protection Bureau Hurts US Consumers
Congress can’t allow the White House to eliminate an agency that’s helped millions of Americans, with billions of dollars returned to them by scams, fraudsters, and megabanks that prey on low-income citizens.
Feb 20, 2026
Over the past year, the Trump administration has sought to gut the Consumer Financial Protection Bureau through cuts and layoffs, and by hamstringing its enforcement powers, claiming the agency is hurting large banks through overregulation. Acting CFPB Director Russ Vought has sought to reduce the agency's staff by 90% and to freeze spending since February.
A group of 21 states, plus the District of Columbia, sued the Trump administration in December to stop it from defunding the CFPB. The administration responded by telling the court that the government is legally barred from seeking new funding from the Federal Reserve, the bureau’s primary source of money, alluding to the fact that the agency will eventually go broke later this year. The next step in the case will be the DC Court of Appeals to hear arguments in late February.
The CFPB's enforcement actions, like the 22 pending cases against banks, highlight its vital role in safeguarding consumers from unfair practices, which the current threats jeopardize.
So, what does this mean for the country? The CFPB's weakening could leave consumers vulnerable to predatory practices, unfair fees, and fraud, risking their financial stability.
The Biden administration's pressure on banks and financial institutions on the issue led them to agree to refund more than $240 million to customers, a win secured by actual, formal regulation. Trump and Vought have rolled that back, too.
The CFPB’s Small Dollar Rule was created to curb abusive payday lending practices, especially repeated debit attempts that drain bank accounts and trigger cascading overdraft and Non-Sufficient Funds (NSF) fees. That goal is sound and worthy. The problem is not the rule’s intent, but how it operates alongside bank fee structures and in a financial marketplace devoid of smart, progressive-minded credit options.
The small dollar rule makes automatic repayments—which help keep the cost of borrowing to the bare minimum—incredibly tricky to execute. After two consecutive failed payment attempts, covered lenders generally cannot try again unless the borrower specifically authorizes another attempt, which can leave payments stalled when ordinary life disruptions intervene. Regulators have warned that charging multiple NSF fees tied to re-presented transactions can harm consumers. This is true not just because a single missed payment can still trigger NSF fee collection and financial harm, undermining a rule meant to protect borrowers acting in good faith. It’s also because lenders are now further limiting credit to the most high-risk borrowers, including gig economy workers, who are also those most in need of emergency credit, forcing them to borrow via ultra-expensive bank and credit union overdrafts and NSFs. And when payments are not made, inevitably, borrowers’ personal credit ratings take a hit. Of course, this affects poor people and those with bad credit harder than anyone else.
Trump and Vought's shuttering of the CFPB without fixing this situation, including by pushing banks hard to provide credit to consumers at lower cost and even by standing up a viable alternative to current credit options through something like Postal Banking, would make the problem of high-interest debt worse for Americans. Moreover, because Trump and Vought refuse to act against extortionate overdraft and NSF fees, as the Biden administration did, they’re exposing consumers to high-cost debt, where they effectively borrow from the bank, too. The Biden administration's pressure on banks and financial institutions on the issue led them to agree to refund more than $240 million to customers, a win secured by actual, formal regulation. Trump and Vought have rolled that back, too.
The CFPB has largely helped people when they have problems with a financial institution, product, or transaction by allowing customers to submit complaints, which the agency then works on their behalf. Since its inception, 98% of the 9 million total complaints have received “timely responses” from the institutions or companies to which customers reported them to the CFPB. Of all the complaints, almost 400,000 were submitted by US military members, and nearly 200,000 were submitted by seniors.
The results have been staggering. CFPB data as of December, 2024 shows a whopping $21 billion has been returned to more than 205 million Americans who were financially harmed by institutions. In addition, over $5 billion in civil penalties have been imposed on guilty banks and individuals.
Congress can’t allow the White House to eliminate an agency that’s helped millions of Americans, with billions of dollars returned to them by scams, fraudsters, and megabanks that prey on low-income citizens. And if the Trump administration is determined to do so, it’s time for congressional Democrats to focus on developing credit alternatives that can allow consumers to escape some of the financial madness.
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Mamdani Taps 'Unafraid and Unbought' Julie Su as First NYC Deputy Mayor for Economic Justice
"What a thrilling day for the working class of New York City," said one local labor leader.
Dec 19, 2025
In a move cheered by advocates for the working class, New York City Mayor-elect Zohran Mamdani said Friday that former acting US Labor Secretary Julie Su will serve as the city's first-ever deputy mayor for economic justice.
"Welcome to a new era, Julie Su," Mamdani, a Democrat, said in a social media post announcing the appointment. "As former US secretary of labor, Julie played a central role in fighting for workers, ensuring a just day's pay for a hard day's work, and saving the pensions of more than a million union workers and retirees."
Speaking at a Friday press conference in Staten Island with Mamdani and Deputy Mayor for Housing nominee Leila Bozorg, Su said: "In the richest city in the richest country in the world, no one should be treated as disposable. Dignity on the job is not a privilege but a right, justice is not abstract but it is felt in a paycheck you can live on, a schedule that you can build a life around, a workplace where your voice matters, and a city that has your back.”
Su, who had previously served as California labor secretary and deputy US labor secretary, was nominated by former President Joe Biden to permanently lead the Department of Labor. However, Republicans and some right-wing Democrats in the US Senate blocked her appointment, so Biden installed her in an acting capacity, in which she served from March 2023 until the end of the Democrat's administration in January.
During her tenure, Su championed gig workers; fought to preserve pensions for retirees; pushed for workplace protections from Covid-19 and environmental harms; and helped negotiate labor agreements for healthcare professionals, flight attendants, and others.
Su will now work with Mamdani, a democratic socialist, as he seeks to deliver on his campaign promises of free public childcare and municipal buses, a freeze on rent-stabilized housing, and city-owned grocery stores to residents of the nation's largest city.
"What a thrilling day for the working class of New York City to have the first-ever deputy mayor for economic justice to ensure that our issues are front [and] center at every level of city government," New York Taxi Workers Alliance executive director Bhairavi Desai said in a statement.
"With the appointment of the esteemed Julie Su—who is unafraid and unbought by corporate interests—Mayor-elect Zohran Mamdani is cementing the highest, uncompromised, and effective standards for a better life for New Yorkers abandoned and betrayed in decades past," Desai added.
The NYC Central Labor Council of the AFL-CIO said on Bluesky: "Big news! Julie Su as deputy mayor for economic justice brings deep experience enforcing labor law, fighting wage theft, and standing up for working families."
"She’s known and respected across the labor movement, including here in NYC," the council added. "Looking forward to working with a proven champion for workers at City Hall!"
Service Employees International Union international president April Verrett said on X that Su "has spent her career standing with workers and holding powerful interests to account."
"Bringing her into City Hall says New York is done talking and ready to throw down for the people who keep this city moving," she added.
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