March 2020 - National Consumer Law Center

COVID-19 Crisis: Advocates Call for U.S. Governors to Take Immediate Action to Ensure Residents are Protected from Utility Shut Offs

Jan Kruse2020-03-27T11:13:14-05:00March 27, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 27, 2020 National Consumer Law Center Contacts: Jan Kruse (jkruse@nclc.org) Boston - Advocates at the National Consumer Law Center (NCLC) called on governors across the nation to take immediate action pursuant to their authority granted under each state’s emergency management act to ensure utility customers remain connected to essential electric, gas, water, [...]

Civil Rights and Consumer Groups Condemn “Emergency” Regulatory Guidance that Allows Banks to Make Payday Loans

Jan Kruse2020-03-26T13:29:58-05:00March 26, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 26, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Banks should not embrace this terrible idea, especially as they are borrowing for free Washington, D.C. – Today, under the cover of a national crisis, the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of [...]

Senate COVID-19 Stimulus Bill is a Start but Falls Far Short for Families, Students, and the Nation’s Most Vulnerable

Jan Kruse2020-03-26T16:34:13-05:00March 26, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 26, 2020 CONTACT: Jan Kruse (jkruse@nclc.org) Washington, D.C. – Late yesterday, the U.S. Senate passed a $2 trillion stimulus bill to assist businesses and families in the wake of the COVID-19 crisis. The package includes some helpful aid but it falls short in several critical consumer protection areas. "While the Senate [...]

Advocates: HUD Must Do Much More to Protect Older Reverse Mortgage Borrowers in the Coronavirus Epidemic

Jan Kruse2020-03-24T13:14:04-05:00March 24, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 24, 2020 National Consumer Law Center Contacts: Sarah Bolling Mancini (smancini@nclc.org), Odette Williamson (owilliamson@nclc.org), or Jan Kruse (jkruse@nclc.org) Washington, D.C. - The National Consumer Law Center, Americans for Financial Reform Education Fund, and 40 other groups sent a letter today to the U.S. Department of Housing and Urban Development (HUD) seeking [...]

Trump Administration’s plan to pause student loan payments is woefully insufficient

Stephen Rouzer2020-03-23T13:13:05-05:00March 20, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 20, 2020 National Consumer Law Center Contact: Jan Kruse at jkruse@nclc.org BOSTON―Today, advocates warn that the plan announced by the U.S. Secretary of Education Betsy DeVos to allow borrowers with federally held student loans the option to suspend their payments falls far short of what is needed in this national crisis. [...]

Covid-19 State Foreclosure Moratoriums and Stays

Moussou N'diaye2021-04-20T18:56:07-05:00March 20, 2020|Categories: Foreclosures and Mortgages|

State Covid-19 related housing actions, April 20, 2021 The following are summaries of actions certain states have taken in response to the Covid-19 crisis to limit home foreclosures. The list may not be complete, as state and local governments continue to adopt new emergency measures at a fast pace. Consumers and their advocates should carefully [...]

Advocates Praise Senators for Bold Student Loan Principles

Jan Kruse2020-03-19T10:41:09-05:00March 19, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 19, 2020 National Consumer Law Center Contact: Jan Kruse at jkruse@nclc.org Boston - Today, U.S. Senators Schumer, Murray, Brown, and Warren introduced a proposal outlining their plan to protect the financial interests of millions of student loan borrowers during the COVID-19 pandemic by cancelling borrowers’ student loan payments and protecting defaulted [...]

Advocates Applaud Halt to Foreclosures and Bills to Stabilize Homeownership and Protect Credit Reports but Highlight Need for Further Relief During Pandemic

Jan Kruse2020-03-19T09:19:58-05:00March 19, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 19, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Boston - National Consumer Law Center advocates praised recent measures taken by the federal government to help homeowners remain in their homes and to protect their credit scores but said more needs to be done. The foreclosure relief announced yesterday in [...]

High-Cost Rent-a-Bank Loan Watch List

Stephen Rouzer2021-04-16T10:58:37-05:00March 17, 2020|Categories: High Cost Small Loans|

Interest rate limits are the simplest and most effective protection against predatory lending. Since the time of the American Revolution, states have limited interest rates to protect their residents. American voters strongly support interest rate caps. At least 45 states and the District of Columbia (DC) cap rates on at least some installment loans. But [...]

COVID-19 & Consumer Protections

Svetlana Ladan2021-04-19T16:16:17-05:00March 16, 2020|Categories: Special Projects|

The COVID-19 pandemic is creating upheaval in people’s lives, especially the most vulnerable, and NCLC is working with allies, government officials, and businesses, to help. This list of resources, which will be updated as new information is available, is a guide to help families navigate their financial lives during these turbulent times. It also includes [...]