Home/Uncategorized
image_pdfimage_print

Advocates Condemn FDIC Rule that Encourages Predatory High-Cost Loans; Call on Congress to Pass Federal 36% Interest Rate Cap Limit

2020-06-25T09:28:46-05:00June 25, 2020|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: JUNE 25, 2020 Media Contacts: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) Center for Responsible Lending: Matthew Kravitz (matthew.kravitz@responsiblelending.org) Americans for Financial Reform Education Fund: Diop Harris (diop@ourfinancialsecurity.org) Washington, D.C. – Consumer advocates criticized the Federal Deposit Insurance Corp. (FDIC) for today finalizing a rule that encourages online non-bank lenders to launder [...]

National Consumer Law Center Advocates’ Statement Regarding U.S. House Passage of HEROES Act

2020-05-15T17:13:21-05:00May 15, 2020|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: MAY 15, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org  Washington, D.C. - Today, the U.S. House passed a $3 trillion dollar package in response to the COVID-19 crisis. In the consumer area, the bill provides desperately needed help for families dealing with the economic crisis, beyond the modest start in [...]

Advocates Applaud U.S. House Vote to Restore Rule to Protect Borrowers from School Fraud and Closures

2020-01-16T11:57:23-05:00January 16, 2020|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: January 16, 2020 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Abby Shafroth (ashafroth@nclc.org), (617) 542-8010 Boston – Today, National Consumer Law Center advocates applauded the U.S. House of Representatives’ use of the Congressional Review Act to overturn the 2019 Borrower Defense to Repayment rule issued by the U.S. Department of [...]

Statement Regarding Bank Regulators’ Guidance on Alternative Data

2019-12-04T15:18:02-05:00December 4, 2019|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: December 4, 2019 National Consumer Law Center contacts: Chi Chi Wu (cwu@nclc.org) or Jan Kruse (jkruse@nclc.org); (617) 542-8010 Boston - Yesterday, the Federal Reserve Board, Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, Consumer Financial Protection Bureau, and National Credit Union Administration released an Interagency Statement on the Use [...]

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

2019-11-12T10:02:41-05:00November 12, 2019|Categories: Media Center, Uncategorized|

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 [...]

National Consumer Law Center Attorney Chi Chi Wu to Testify on July 25 before U.S. House on Use of Alternative Credit Data to Expand Access to Credit

2019-07-24T13:01:11-05:00July 24, 2019|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: July 24, 2019 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) or (617) 542-8010 Full testimony of NCLC attorney Wu will be available before or by 10 a.m. EDT on July 25, 2019: https://bit.ly/alt-credit-scoring Download new NCLC issue brief: “Credit Invisibility and Alternative Data: Promises and Perils” Boston - On Thursday, July 25, at [...]

Federal Government Strips Legal Rights of Older Consumers in Nursing Homes

2019-07-17T14:21:06-05:00July 17, 2019|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: July 17, 2019 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) or (617) 542-8010 Washington – Late yesterday, the U.S. Center for Medicare & Medicaid Services (CMS) released its final nursing home arbitration rule, allowing nursing homes to force residents into arbitration and depriving them of access to the courts in case of a [...]

Statement: Nearly 50 Organizations Oppose FCC Proposed Cap on Universal Service Fund

2019-06-11T14:33:03-05:00June 11, 2019|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: June 11, 2019 National Consumer Law Center contact: Jan Kruse, jkruse@nclc.org or (617) 542-8010 Washington, D.C.- The parties listed below make the following joint statement regarding the Notice of Proposed Rulemaking (NPRM) issued by the Federal Communications Commission proposing to place a cap on the federal Universal Service Fund (USF): “When Congress [...]

Consumer and Civil Rights Groups Send Letters to FDIC, OCC, and Fed Urging them to Prevent Bank Payday Loans

2019-06-11T11:42:48-05:00June 11, 2019|Categories: Media Center, Uncategorized|

FOR IMMEDIATE RELEASE: June 11, 2019 National Consumer Law Center contact: Jan Kruse, jkruse@nclc.org or (617) 542-8010 Letters come after news that regulators pursuing joint small-dollar policy; Growing concern that several Administration appointees may be giving green light for predatory loans WASHINGTON, D.C. – Today, the National Consumer Law Center (NCLC) joined a coalition of [...]

Racial Justice and Equal Economic Opportunity Archives

2020-01-28T12:59:07-05:00May 16, 2019|Categories: Uncategorized|

Credit & Economic Opportunity Policy Analysis Policy Briefs, Reports & Press Releases Report: Time to Stop Racing Cars: The Role of Race and Ethnicity in Buying and Using a Car, April 2019 (2-Page Overview) Press Release Policy Brief: Past Imperfect: How Credit Scores and Other Analytics "Bake In" and Perpetuate Past Discrimination, May, 2016 Policy [...]