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About Michelle Deakin

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So far Michelle Deakin has created 217 blog entries.
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NCLC Advocates Praise Proposed Settlement in Sweet v. Cardona

2022-06-23T12:09:04-05:00June 23, 2022|Categories: Media Center|Tags: |

June 23, 2022 Settlement may restore faith in borrower defense process, though barriers to relief remain  WASHINGTON – Today advocates from the National Consumer Law Center applauded the proposed settlement agreement in the class action lawsuit Sweet v. Cardona, which challenged the U.S. Department of Education’s failure to provide timely decisions on borrower defense applications [...]

50-State Survey: State Predatory Lending Laws Show Significant Changes

2022-06-22T09:01:18-05:00June 22, 2022|Categories: Media Center, Uncategorized|

June 22, 2022 NCLC’s Review of State Consumer Protection Laws Sees States Gaining, Losing Protections for Popular $2,000 Two-Year and $500 Six-Month Installment Loans  WASHINGTON – A new report from the National Consumer Law Center finds progress toward a 36% APR cap for common short-term and longer-term loans in some states. In states that allow [...]

NCLC Advocates Applaud the Department of Education’s Decision To Cancel Corinthian College Students’ Federal Student Loan Debts

2022-06-02T08:16:46-05:00June 2, 2022|Categories: Media Center|Tags: |

June 2, 2022 WASHINGTON – Today, the U.S. Department of Education announced that it would cancel the federal student loans of over 560,000 people who attended Heald College, Everest Institute, or WyoTech, schools owned by the shuttered for-profit Corinthian Colleges.  Kyra Taylor, staff attorney at the National Consumer Law Center, praised this decision and said: [...]

President Biden’s Announcement on Veteran’s Medical Debt Will Lift a Burden from Veteran Families

2022-03-01T16:47:19-05:00March 1, 2022|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 1, 2022 Contact: National Consumer Law Center, Jan Kruse (jkruse@nclc.org) Administration Removes Barriers to Cancelation of VA Medical Debt  WASHINGTON – In tonight’s State of the Union Address, President Biden may speak on today’s announcement that the Veterans’ Administration (VA) will simplify the process for claiming medical debt forgiveness for veterans. [...]

NCLC Advocate Applauds the Biden Administration Extension of the Pause on Federal Student Loan Payments, but More Needs to Be Done  

2021-12-27T11:59:17-05:00December 22, 2021|Categories: Media Center|

December 22, 2021 In response to the Biden Administration extending the pause on federal student loans payment until May 1, 2022, Abby Shafroth, interim director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, issued the following statement: “Today’s announcement means that over the holidays, struggling student loan borrowers will not be forced [...]

Broad Coalition Urges CFPB To Examine FINTECH Credit Products and Fee Models

2021-12-27T12:00:27-05:00December 21, 2021|Categories: Media Center|

December 21, 2021 79 Groups Ask CFPB to Provide Much Needed Oversight for Emerging Credit Products The Consumer Federation of America, Center for Responsible Lending, National Consumer Law Center,  Student Borrower Protection Center, and 75 additional organizations called for Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra to carefully examine fintech credit products and fee [...]

CFPB Must Protect Consumers From Fraud in Payment Systems

2021-12-27T12:02:12-05:00December 21, 2021|Categories: Media Center|

December 21, 2021 Today, 65 consumer, civil rights, faith, legal services, and community groups submitted comments to the Consumer Financial Protection Bureau (CFPB) in response to its inquiry into certain business practices of six large technology companies operating payments systems in the United States. The groups urged the CFPB to require person-to-person (p2p) payment providers [...]

Statement of NCLC’s Persis Yu re: extension of student loan payment pause until 2022

2021-08-27T09:37:22-05:00August 6, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: August 6, 2021 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Stephen Rouzer (sourzer@nclc.org) Statement of Persis Yu, the director of National Consumer Law Center’s Student Loan Borrower Assistance Project, in response to announcement that the student loan payment suspension has been extended until January 31, 2022. Washington, D.C. - “Borrowers [...]

Free Webinar for Thousands of Students Impacted by Sudden Closure of Online Schools

2021-08-03T11:12:26-05:00August 3, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: August 3, 2021 Contacts:  Legal Aid Foundation of Los Angeles, Sara Williams, sjwilliams@lafla.org or (562) 400-8754 National Consumer Law Center, Jan Kruse, jkruse@nclc.org Washington, D.C. — This week, four large, national college chains are closing, stranding more than 7,000 students, most of whom are online: Independence University, CollegeAmerica, Stevens-Henager College, and California [...]

​NCLC ​Advocates Applaud 36% National Rate Cap Bill  to Curb High-Cost, Predatory Loans Across the Nation

2021-07-29T10:21:38-05:00July 29, 2021|Categories: Media Center|

FOR IMMEDIATE RELEASE: July 29, 2021 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. – Attorneys at the National Consumer Law Center praised the introduction yesterday of the Veterans and Consumers Fair Credit Act in the U.S. Senate, led by U.S. Senators Jack Reed (D-RI), Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Chris [...]