May 2020 - National Consumer Law Center

Advocates Condemn Rent-a-Bank Rule that Encourages Predatory High-Cost Loans; Call on Congress to Pass Federal 36% Interest Rate Cap Limit

Jan Kruse2020-05-29T14:52:24-05:00May 29, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: MAY 29, 2020 Media Contacts: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) Center for Responsible Lending: Matthew Kravitz (matthew.kravitz@responsiblelending.org) Americans for Financial Reform Education Fund: Carter Dougherty (carter@ourfinancialsecurity.org) Washington, D.C. – Consumer advocates slammed the Office of the Comptroller of the Currency (OCC) for its final rule issued today that encourages online [...]

Advocates Praise FTC Action on Discrimination and Abuse at Car Dealer and Urge Further Efforts

Jan Kruse2020-05-28T16:26:07-05:00May 28, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: May 28, 2020 National Consumer Law Center Contact: Jan Kruse at jkruse@nclc.org Boston – Yesterday, the Federal Trade Commission (FTC) filed a complaint and stipulated order against a New York car dealer, Bronx Honda, for discriminating against African Americans and Hispanic car buyers and employing a range of abusive tactics in the sales and financing [...]

Consumer, Banking Groups Applaud Bill to Exempt Economic Impact Payments from Garnishment

Jan Kruse2020-05-26T13:24:00-05:00May 26, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: May 26, 2020 National Consumer Law Center contacts: Lauren Saunders (lsaunders@nclc.org) or Jan Kruse (jkruse@nclc.org) WASHINGTON, D.C. — Consumer groups and banking industry organizations joined together today to support bipartisan legislation that would prevent Economic Impact Payments from being subject to garnishment. The following statement was issued today by the American Bankers Association, Bank [...]

Reverse Mortgage Foreclosure Issues in the Covid-19 Pandemic

Moussou N'diaye2020-05-22T17:28:39-05:00May 22, 2020|Categories: Foreclosures & Mortgages, Webinars|

May 21, 2020 This webinar will discuss the home-saving options for reverse mortgage borrowers and non-borrowing spouses, including specific updates about Covid-19 related protections. Speakers: Sarah Bolling Mancini, Staff Attorney at the National Consumer Law Center Odette Williamson, Attorney at the National Consumer Law Center

Los Angeles County Ends PACE Program Marred by Fraud, Abuse, and Unaffordable Loans

Stephen Rouzer2020-05-20T16:01:26-05:00May 20, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: John Rao (jrao@nclc.org) or Stephen Rouzer (srouzer@nclc.org) Los Angeles County Ends PACE Program Marred by Fraud, Abuse, and Unaffordable Loans Thousands of LA County homeowners have been trapped in unaffordable loans through the Property Assessed Clean Energy financing program WASHINGTON, D.C – Effective May [...]

FDIC to Repeal 36% Rate Cap and Bank Payday Loan Guidance, but Banks Should Not Take the Bait

Jan Kruse2020-05-20T15:51:03-05:00May 20, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Lauren Saunders (lsaunders@nclc.org) New bank regulator guidance could permit balloon-payment loans but emphasizes responsible lending WASHINGTON, D.C. - As our nation grapples with the economic fallout of the COVID-19 pandemic, the Federal Deposit Insurance Corp. (FDIC) announced plans today to [...]

Advocates Urge President Trump to Join Congress in Restoring Rule to Protect Student Loan Borrowers from School Fraud and Closures

Jan Kruse2020-05-20T10:19:13-05:00May 20, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Abby Shafroth (ashafroth@nclc.org) Boston – National Consumer Law Center advocates urge President Trump to join with Congress in protecting student loan borrowers hurt by school fraud and closures by signing into law the bipartisan joint resolution preserving existing borrower defense [...]

Forbearance Options and CARES Act Requirements

Moussou N'diaye2020-05-21T13:11:45-05:00May 18, 2020|Categories: Foreclosures & Mortgages, Webinars|

May 14, 2020 In this session, we will go into more depth about the language of the CARES Act and the ways different government entities are implementing its requirements. We will also touch on how servicers are handling forbearance requests, and strategies to deal with servicer noncompliance. Speakers: John Rao, Staff Attorney at the National [...]

National Consumer Law Center Advocates’ Statement Regarding U.S. House Passage of HEROES Act

Jan Kruse2020-05-15T17:13:21-05:00May 15, 2020|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: MAY 15, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org Washington, D.C. - Today, the U.S. House passed a $3 trillion dollar package in response to the COVID-19 crisis. In the consumer area, the bill provides desperately needed help for families dealing with the economic crisis, beyond the modest start in [...]

NCLC Advocates Praise U.S. House HEROES Act for Giving a Lifeline for Student Loan Borrowers Drowning in Debt

Jan Kruse2020-05-14T09:03:07-05:00May 14, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: May 14, 2020 National Consumer Law Center contacts: Persis Yu (pyu@nclc.org) or Jan Kruse (jkruse@nclc.org) The U.S. House has proposed a $3 trillion bill in response to the COVID-19 crisis that will include debt relief for student loan borrowers. The following is a statement by Persis Yu, National Consumer Law Center staff [...]