2025 Consumer Protection Federal Priorities
NCLC will pursue common-sense regulatory and legislative reforms to ensure fairness, fight fraud, and protect consumers in 2025.
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NCLC will pursue common-sense regulatory and legislative reforms to ensure fairness, fight fraud, and protect consumers in 2025.
Published 12/12/2022; Updated 2/15/24 A new Guidance from the Department of Justice (Department), issued in coordination with the Department of Education (Education), has the potential to change bankruptcy practice dramatically. Until now, attorneys have not thought of bankruptcy as a way to help clients struggling with student loan debt. If the Guidance is implemented as…
Read More about New Process to Discharge Student Loans in Bankruptcy
The American Rescue Plan Act of 2021 includes $9.9 billion for creation of a Homeowner Assistance Fund (HAF) to be administered by the Treasury Department. The HAF was established to mitigate financial hardships connected with the coronavirus pandemic and prevent foreclosures among homeowners who have experienced a hardship related to the pandemic.
This chart provides a summary of the bankruptcy provisions in the CARES Act and Consolidated appropriations Act. To help attorneys deal with the different dates when these temporary provisions expire, the chart lists the provisions by sunset date. Each provision is accompanied by the Public Law and United States Code cites, and links for more…
Read More about Summary of COVID Bankruptcy Relief Provisions
The form written request copied below can be used to obtain from the servicer of the debtor’s mortgage information about the owner of the mortgage. This information is particularly useful in determining the proper party in foreclosure proceedings, for exercising rescission rights, for naming the proper party in bankruptcy lien strip off and claim objection…
Read More about Sample Request for Information Under RESPA to Obtain Identity of Mortgage Owner