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So far Jan Kruse has created 195 blog entries.
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New Bank Regulator Leadership Welcome; Congress Still Must Roll Back Rule Promoting Predatory Lending

2021-05-05T14:46:37-05:00May 5, 2021|Categories: Media Center, Uncategorized|

For Immediate Release: May 5, 2021 Press Contacts: NCLC: Jan Kruse (jkruse@nclc.org) AFR: Carter Dougherty (carter@ourfinancialsecurity.org) CRL: Matthew Kravitz (matthew.kravitz@responsiblelending.org) CFA: Rachel Gittleman (rgittleman@consumerfed.org) Washington, DC –  Advocates welcomed reports that Treasury Secretary Janet Yellen plans to appoint a new acting head of the Office of the Comptroller of the Currency (OCC), replacing Blake Paulson,  [...]

Statement on Education Department’s Appointment of Richard Cordray to Oversee Trillion Dollar Federal Student Aid

2021-05-04T08:50:07-05:00May 4, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: MAY 4, 2021 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. - The U.S. Department of Education has appointed Richard Cordray, former director of the Consumer Financial Protection Bureau and Ohio Attorney General, as Chief Operating Officer of the Department’s Federal Student Aid, which oversees $1.6 trillion in outstanding federally-backed [...]

Credit Union Regulator Must Not Facilitate Predatory Lending, Groups Say in Comment Letter

2021-05-03T13:11:14-05:00May 3, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: May 3, 2021 Press contacts: National Consumer Law Center: Jan Kruse jkruse@nclc.org Center for Responsible Lending: Carol Parish: Carol.Parish@responsiblelending.org Self-Help Credit Union: Jenny Shields Jenny.Shields@Self-Help.org WASHINGTON, D.C. – Last Friday, credit unions and advocates registered their strong opposition to a proposal by the National Credit Union Administration (NCUA) that would allow credit [...]

Bipartisan Group of 25 State Attorneys General Urge Congress to Repeal OCC “True Lender” Rule

2021-04-21T11:36:44-05:00April 21, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: April 21, 2021 Contact:Jan Kruse (jkruse@nclc.org) Letter Reflects Bipartisan Support for State Interest Rate Caps and the Need to Stop “Rent-a-Bank” Evasions by Predatory Lenders In a rare form of bipartisan agreement, a group of 25 Attorneys General (AGs)  sent a letter today to Congressional leadership urging it to “use the Congressional [...]

Nearly 140 Scholars Call for Congressional Repeal of “True Lender” Rule

2021-04-20T16:15:42-05:00April 20, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: April 20, 2021 OCC Rule Usurps Role States Have Had Since Founding of the Nation in Protecting Families from Usurious Lending Contacts: Prof. Chris Odinet, christopher-odinet@uiowa.edu Prof. Paul Kantwill, pkantwill@luc.edu Prof. Adam Levitin, AJL53@law.georgetown.edu A group of 138 scholars, including professors of banking law and consumer finance regulation, from 43 states and [...]

CFPB Will Hold Debt Collectors Accountable to Tenants for Illegal Evictions

2021-04-19T15:49:40-05:00April 19, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: April 19, 2021 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) NCLC Attorney Praises CFPB for Upholding the Fair Debt Collection Practices Act on Rule that Could Impact up to 9 Million Families Behind in Rent Payments Boston - Today, the Consumer Financial Protection Bureau announced an interim final rule that will [...]

Federal COVID-19 Relief for Water & Sewer Bills

2021-04-06T13:02:31-05:00April 6, 2021|Categories: NCLC Utilities & Telecom Blog|

This blog is co-authored by Olivia Wein (National Consumer Law Center) and  Larry Levine (NRDC) For many of us, the accelerating rollout of COVID-19 vaccines provides hope for a light at the end of the tunnel. But the vaccines are still in a race against time, with COVID-19 again resurging in many states. Maintaining access [...]

Housing Advocates Praise CFPB’s Focus on Helping Homeowners at Risk of Losing Homes but Urge a Different Approach

2021-04-05T15:21:25-05:00April 5, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: April 5, 2021 Contacts: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) Americans for Financial Reform Education Fund: Carter Dougherty(carter@ourfinancialsecurity.org) Washington, D.C. - Housing advocates at the National Consumer Law Center, Americans for Financial Reform Education Fund, National Community Stabilization Trust, and the National Housing Law Project responded to the Consumer Financial Protection [...]

President Biden’s American Jobs Plan Would Deliver Clean Water, Electric Transportation Grid, High-Speed Broadband, and Housing Equity

2021-04-02T12:39:46-05:00April 1, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: April 1, 2021 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) The Administration’s multi-trillion dollar infrastructure plan includes funding to replace 100% of lead pipes and service lines and help close the digital divide WASHINGTON, D.C. – On Wednesday, President Joe Biden’s administration unveiled the American Jobs Plan. In what the administration [...]

Advocates Praise CFPB for Rescinding Harmful Policies that Weakened Consumer Protections

2021-03-31T17:15:23-05:00March 31, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 31, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. - Advocates applauded today’s announcement by the CFPB that it has rescinded several temporary policy statements issued last year that weakened consumer protection by giving financial service industries unnecessary “flexibility” not to comply with consumer protection laws, including laws [...]