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So far Jan Kruse has created 56 blog entries.
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Beware Holiday Shoppers: Deferred Interest Promotions Promise No Interest Now, but Can Cost Big Bucks Later

FOR IMMEDIATE RELEASE: November 13, 2019 National Consumer Law Center contacts: Chi Chi Wu (cwu@nclc.org) or Jan Kruse (jkruse@nclc.org), (617) 542-8010 Boston – As Black Friday approaches, the National Consumer Law Center warns holiday shoppers of a lurking danger in the local mall, big box store or online: deferred interest promotions on credit cards. These promotions entice [...]

Beware Holiday Shoppers: Deferred Interest Promotions Promise No Interest Now, but Can Cost Big Bucks Later2019-11-13T16:20:21-05:00

Advocates Applaud Bill to Cap Interest Rates at 36%

FOR IMMEDIATE RELEASE: November 12, 2019 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or (617) 542-8010; or Lauren Saunders (lsaunders@nclc.org) or (202) 595-7845 Washington, D.C. -  Advocates at the National Consumer Law Center (NCLC) applauded today’s introduction in Congress of a bill to cap interest rates nationwide at 36%, including fees, which NCLC is [...]

Advocates Applaud Bill to Cap Interest Rates at 36%2019-11-12T13:35:16-05:00

Report: States Put Families at Risk to Feed an Insatiable Debt Collection Machine

FOR IMMEDIATE RELEASE: NOVEMBER 12, 2019 National Consumer Law Center Contacts: Jan Kruse (jkruse@nclc.org) or Carolyn Carter (ccarter@nclc.org); (617) 542-8010 Download the full report, state maps and state-specific information: https://www.nclc.org/issues/report-still-no-fresh-start.html National Consumer Law Center’s 50-State Review: ‘Horse and Buggy’ Laws Need Major Reform Boston – Millions of families have still not recovered from the Great [...]

Report: States Put Families at Risk to Feed an Insatiable Debt Collection Machine2019-11-12T10:02:41-05:00

Advocates Urge FDIC, OCC, Federal Reserve to Stop Banks from Helping Payday Lenders Evade State Interest Rate Limits

FOR IMMEDIATE RELEASE: November 7, 2019 Washington, D.C. - A coalition of 61 consumer, civil rights, and community groups today sent letters to three federal bank regulators urging them not to allow their banks to help payday lenders evade state interest rate limits.  The groups sent separate letters to the Federal Deposit Insurance Corp. (FDIC), [...]

Advocates Urge FDIC, OCC, Federal Reserve to Stop Banks from Helping Payday Lenders Evade State Interest Rate Limits2019-11-07T15:07:33-05:00

Statement of National Consumer Law Center Attorney and Negotiator Robyn Smith on U.S. Department of Education’s Harmful Departure from Consensus on State Authorization Distance Education Regulations

FOR IMMEDIATE RELEASE: November 1, 2019 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) or (617) 542-8010 Boston - On October 31, 2019, the U.S. Department of Education issued final rules, effective July 1, 2020, that will erode states’ rights to enforce consumer protections applicable to for-profit online education colleges. The rules will have a [...]

Statement of National Consumer Law Center Attorney and Negotiator Robyn Smith on U.S. Department of Education’s Harmful Departure from Consensus on State Authorization Distance Education Regulations2019-11-01T12:55:34-05:00

Groups: FDIC & OCC Are Wrong to Support Predatory Small Business Lender

FOR IMMEDIATE RELEASE: October 24, 2019 “It sends a terrible signal for the FDIC and OCC to support a predatory lender that used a bank to enable a destructive 120% APR loan.” WASHINGTON, D.C. - Small business advocates, consumer groups, and civil-rights advocates today sent a letter to the Federal Deposit Insurance Corp. (FDIC) and [...]

Groups: FDIC & OCC Are Wrong to Support Predatory Small Business Lender2019-10-29T09:37:50-05:00

CFPB Quietly Launches Web Database of Prepaid and Payroll Card Fees and Disclosures but Some Cards with Overdraft Fees are Missing

FOR IMMEDIATE RELEASE: October 16, 2019 National Consumer Law Center contacts: Lauren Saunders (lsaunders@nclc.org) or Jan Kruse (jkruse@nclc.org) Washington, D.C. – Advocates at the National Consumer Law Center urged the public to check out a new online tool from the Consumer Financial Protection Bureau (CFPB) where consumers, workers, researchers, employers, and others can see prepaid [...]

CFPB Quietly Launches Web Database of Prepaid and Payroll Card Fees and Disclosures but Some Cards with Overdraft Fees are Missing2019-10-16T09:40:52-05:00

New California Law Targets Long-Term Payday Loans; Will Payday Lenders Evade it?

FOR IMMEDIATE RELEASE: October 11, 2019 National Consumer Law Center contacts: Lauren Saunders (lsaunders@nclc.org) or Jan Kruse (jkruse@nclc.org) Washington, D.C. - Advocates at the National Consumer Law Center applauded news that California Governor Gavin Newsom late yesterday signed into law AB 539, a bill to stop outrageous interest rates that payday lenders in California are [...]

New California Law Targets Long-Term Payday Loans; Will Payday Lenders Evade it?2019-10-11T15:07:05-05:00

Legal Experts Decry Credit Bureaus’ Lawsuit to Invalidate Maine Laws Protecting Consumers from Medical Debt and Economic Abuse

FOR IMMEDIATE RELEASE:  October 4, 2019 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org), (617) 542-8010 Boston - Last week, the Consumer Data Industry Association (CDIA) sued the State of Maine over two laws recently passed to protect consumers from unfair credit reporting practices. CDIA is a trade association for the credit reporting industry, the [...]

Legal Experts Decry Credit Bureaus’ Lawsuit to Invalidate Maine Laws Protecting Consumers from Medical Debt and Economic Abuse2019-10-04T09:01:56-05:00

National Consumer Law Center Advocate Statement Opposing Sen. Alexander’s Legislation to Reform Higher Education Act

FOR IMMEDIATE RELEASE: September 26, 2019 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) or (617) 542-8010 Boston - Statement of Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, in response to today’s introduction of a scaled-back higher education bill by Senator Lamar Alexander: “Students and borrowers need real, [...]

National Consumer Law Center Advocate Statement Opposing Sen. Alexander’s Legislation to Reform Higher Education Act2019-09-26T14:38:12-05:00