December 2020 - National Consumer Law Center

Civil Rights and Consumer Groups File Amicus Brief in Support of States’ Challenge to OCC Rule that Enables Predatory Lending

Stephen Rouzer2020-12-22T12:50:11-05:00December 22, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE December 22, 2020 Press Contacts Center for Responsible Lending: Matthew Kravitz, matthew.kravitz@responsiblelending.org National Consumer Law Center: Jan Kruse, jkruse@nclc.org, lsaunders@nclc.org East Bay Community Law Center: Rosalyn Sternberg, rsternberg@ebclc.org National Association for Latino Community Asset Builders: Sharon Garcia, sgarcia@nalcab.org National Coalition for Asian Pacific American Community Development: Nahida Uddin, nahida@nationalcapacd.org Advocates argue [...]

Important wins, but unmet needs, in new stimulus package

Stephen Rouzer2020-12-22T10:39:02-05:00December 22, 2020|Categories: Media Center, Uncategorized|

New stimulus checks, broadband access and rental aid welcome, but foreclosure and student loan relief absent WASHINGTON, DC – Advocates welcomed the new stimulus bill passed by Congress last night, but warned that it has critical gaps that should be immediately filled by the incoming Biden Administration. “The new $600 stimulus payment, broadband aid, low-income [...]

CFPB’s Debt Collection Rule Misses Critical Opportunities to Protect Consumers

Jan Kruse2020-12-18T16:28:38-05:00December 18, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: December 18, 2020 Nearly One-Third of U.S. Adults with a Credit Report Have Debt in Collection WASHINGTON, D.C. – The National Consumer Law Center, on behalf of its low income clients, along with Americans for Financial Reform Education Fund, Consumer Federation of America, and the National Association of Consumer Advocates, expressed disappointment [...]

New FCC Ruling Supports Advocates’ Petition Urging it to Stop Unwanted Robocalls from Federal Contractors but Leaves Gray Area Regarding States’ Role

Jan Kruse2020-12-15T16:27:32-05:00December 15, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: December 15, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) WASHINGTON, D.C. – Yesterday, the Federal Communications Commission (FCC) issued an order granting in part a Petition for Reconsideration filed by the National Consumer Law Center on behalf of a broad coalition of national, state and local legal services groups challenging the [...]

Consumer Advocates: New Rule from FDIC on Industrial Loan Companies is a Gift to Predatory Lenders

Jan Kruse2020-12-15T13:33:08-05:00December 15, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: December 15, 2020 Press Contacts Center for Responsible Lending: Matthew Kravitz, matthew.kravitz@responsiblelending.org National Consumer Law Center: Jan Kruse, jkruse@nclc.org FDIC rule makes it easier for lenders to exploit more financially vulnerable families WASHINGTON, D.C. – Today, the Federal Deposit Insurance Corporation (FDIC) approved a new final rule to facilitate chartering additional under-regulated [...]

Statement Regarding CFPB Revamp of Mortgage Rules That Will Protect Lenders from Legal Liability for Peddling Unaffordable Loans, Increase Foreclosures, and Create Instability in the Mortgage Market

Jan Kruse2020-12-17T20:10:43-05:00December 10, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: December 10, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org Washington, D.C. - Today, the Consumer Financial Protection Bureau (CFPB or Bureau) released two final rules revising the standards for determining a borrower’s ability to repay a mortgage and further limiting lender liability despite the lessons of the previous financial crisis, [...]

NCLC 2021 Federal Priorities

Moussou N'diaye2021-01-29T16:51:03-05:00December 8, 2020|Categories: Legislation & Regulation|

2021 Consumer Protection Federal Priorities 2021 Consumer Protection Priorities for a Covid Stimulus Package Banking 2021 Banking Agency Predatory Lending and Safe Banking Priorities Credit Reporting 2021 Credit & Consumer Reporting Priorities to Promote Economic Recovery Criminal Justice Criminal Justice Debt: 2021 Federal Legislative Priorities Debt Collection A Free Stimulus to Support Struggling Families and [...]

U.S. Supreme Court to Hear Case on December 8 that Could Open the Floodgates to More Invasive Robocalls

Jan Kruse2020-12-07T13:06:15-05:00December 7, 2020|Categories: Media Center|

FOR IMMEDIATE RELEASE: Dec. 7, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. – Tomorrow, the U.S. Supreme Court is scheduled to hear oral arguments in Facebook v Duguid. The Court’s decision, expected by next spring, could either uphold Americans’ right to stop unwanted robocalls and robotexts to their cell phones or render [...]