FOR IMMEDIATE RELEASE:  JUNE 29, 2020 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Olivia Wein (owein@nclc.org) Washington, D.C. The National Consumer Law Center commends the leadership of U.S. Senator Ron Wyden, who joined with Senators Richard Blumenthal, Mazie Hirono, and Chuck Schumer to introduce The Emergency Broadband Connections Act of 2020, which would [...]

FOR IMMEDIATE RELEASE: June  29, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) National Consumer Law Center Advocates’ Statement re: U.S. Supreme Court Decision Challenging the Structure and Constitutionality of the CFPB (Seila Law v CFPB) Washington, D.C. – The U.S. Supreme Court today issued its decision in Seila Law LLC v The Consumer [...]

FOR IMMEDIATE RELEASE: June 26, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Boston – National Consumer Law Center advocates are extremely disappointed that today Congress  failed to override President Trump’s veto of Congress’s prior bipartisan vote to protect federal student loan borrowers by striking down the Department of Education’s new borrower defense regulations. The [...]

FOR IMMEDIATE RELEASE: June 22, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. – Today, the Consumer Financial Protection Bureau released two proposed rules that together will fundamentally reshape the mortgage market at a time when the market is attempting to adjust to the pandemic and recession and access to credit for communities [...]

FOR IMMEDIATE RELEASE: June 18, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. – Today, the Consumer Financial Protection Bureau announced a pilot advisory opinion program designed to provide additional protections for financial institutions at the expense of consumers. Under the CFPB pilot, itself issued without notice and comment, financial institutions are [...]

FOR IMMEDIATE RELEASE: JUNE 12, 2020 Media Contacts: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) or Stephen Rouzer (srouzer@nclc.org) Center for Accessible Technology: Melissa Kasnitz (mkasnitz@cforat.org) California adopts rules and programs to reduce residential disconnections from gas and electric service  San Francisco – Consumer advocates praised yesterday’s unanimous vote by the California Public Utilities Commission (CPUC) [...]

Colorado Court Follows “Madden” Decision that Banks Can’t Assign Bank Privileges to Nonbank Lenders FOR IMMEDIATE RELEASE: JUNE 10, 2020 National Consumer Law Center Contacts: Jan Kruse (jkruse@nclc.org) or Lauren Saunders (lsaunders@nclc.org) Washington, D.C. – Consumer advocates praised yesterday’s ruling by a Colorado court upholding the Colorado Attorney General’s claim that an online lender, Marlette Funding [...]

Elevate charged 99% to 251% APR despite D.C.’s 6% to 24% rate cap FOR IMMEDIATE RELEASE: JUNE 5, 2020 National Consumer Law Center Contacts: Jan Kruse (jkruse@nclc.org), Lauren Saunders (lsaunders@nclc.org) Washington, D.C. – Consumer advocates praised today’s announcement by District of Columbia (DC) Attorney General Karl Racine that he has filed a lawsuit against online lender [...]