Media Center

NCLC in the News

Select media clips. Journalists interested in speaking with an expert at the National Consumer Law Center should contact Jan Kruse (This email address is being protected from spambots. You need JavaScript enabled to view it. or 617.542,8010).

Press Releases

FHA Note Sales Should Cease until Homeowners are Fully Protected

National Consumer Law Center Advocates Say Homeowners Need More Protections

(WASHINGTON) Yesterday, the U.S. Department of Housing and Urban Development (HUD) announced changes to the Distressed Asset Stability Program (DASP), which sells defaulted Federal Housing Administration (FHA) mortgage loans to for-profit buyers at a discount.

When loans are sold in the DASP program, the homeowners lose important government protections that help ward off foreclosure. HUD’s announcement seeks to fill this gap with a requirement for servicers to consider reducing loan principal to make loans more affordable. “We agree that principal reductions are sorely needed, but HUD’s approach is to leave the decision solely to the discretion of the loan buyers,” said Geoff Walsh, attorney at the National Consumer Law Center (NCLC). “Note sales should include publicly available, enforceable standards to regulate what these buyers must do. Homeowners who are not offered principal reduction should be notified they were found ineligible and should be provided with supporting documentation.”

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National Consumer Law Center Names Steve Hurley as Chief Development Officer

(BOSTON) The National Consumer Law Center (NCLC), a nonprofit with headquarters in Boston and an office in Washington, D.C., has named Steve Hurley as chief development officer, effective June 6, 2016. The organization works for economic justice for low-income and other disadvantaged people in the United States.

As chief development officer, Hurley will lead NCLC’s development and communications team. One of his first tasks is to lead the search to hire a director of leadership giving and engagement for NCLC.

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NCLC to testify before the Chicago City Council on harms of forced arbitration by contractors in consumer and employment agreements

FOR IMMEDIATE RELEASE: JUNE 14, 2016 || CONTACTS: Jan Kruse, This email address is being protected from spambots. You need JavaScript enabled to view it. or David Seligman This email address is being protected from spambots. You need JavaScript enabled to view it.

Proposed Ordinance Would Ban Contractors from Using Forced Arbitration Clauses in Consumer and Employment Agreements

(BOSTON) Tomorrow, the Chicago City Council’s Committee on Finance will hear testimony in support of an ordinance that would prevent companies that do business with the City from using or enforcing forced arbitration clauses in their agreements with consumers and employees. Forced arbitration requires a person to take a dispute to a private, biased arbitrator chosen by the company, rather than to exercise her constitutional right to have her complaint heard before an impartial judge and jury. National Consumer Law Center (NCLC) Contributing Author David Seligman will testify on behalf of NCLC and its low-income clients about the harms to the public from forced arbitration at the hearing.

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CFPB Proposes Strong Rules to Protect Payday Borrowers Yet Worrisome Loopholes Need Tightening

FOR IMMEDIATE RELEASE: JUNE 2, 2016 || Contacts: This email address is being protected from spambots. You need JavaScript enabled to view it. 202.595.7845; This email address is being protected from spambots. You need JavaScript enabled to view it. 617.542.8010

(WASHINGTON) The Consumer Financial Protection Bureau (CFPB) has proposed rules that make a strong start in improving the protections for high-cost payday and installment loans, according to advocates at the National Consumer Law Center (NCLC). But the rules need to be tightened up to close loopholes, and state interest rate caps will remain important to protect families from high-cost lending.

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Broad Coalition of Advocates Urges Support for Comprehensive Consumer Credit Reporting Reform Act of 2016

FOR IMMEDIATE RELEASE: MAY 19, 2016 || NCLC's contacts: Chi Chi Wu (This email address is being protected from spambots. You need JavaScript enabled to view it.) or Jan Kruse (This email address is being protected from spambots. You need JavaScript enabled to view it.); 617.542.8010

(BOSTON) A broad coalition of consumer, civil rights, labor, and community organizations issued a letter strongly urging members of the U.S. House of Representatives to support of H.R. 5282, the Comprehensive Consumer Credit Reporting Reform Act of 2016, introduced today by Congresswoman Maxine Waters.

Credit reports and credit scores are the gatekeeper for affordable credit, insurance, rental housing, and sometimes even a job. The reforms addressed in the bill are urgently needed in order to ensure that the American credit reporting system is accurate and fair to consumers..

In a 2012 study, the Federal Trade Commission found that 21% of consumers had verified errors in their credit reports, 13% had errors that affected their credit scores, and 5% had errors serious enough to be denied or pay more for credit.

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NCLC testifies at Senate hearing on TCPA and robocalls

FOR IMMEDIATE RELEASE: MAY 18, 2016 || NCLC's contacts: Jan Kruse (This email address is being protected from spambots. You need JavaScript enabled to view it.) or 617.542.8010; Margot Saunders (This email address is being protected from spambots. You need JavaScript enabled to view it.)

Surge in Invasive Robocalls Prompts Need for More Consumer Protections

(WASHINGTON) Today at 10 am EDT, the U.S. Senate Commerce committee will convene a hearing on “The Telephone Consumer Protection Act at 25: Effects on Consumers and Business.” National Consumer Law Center attorney Margot Saunders will testify on the need to strengthen the Telephone Consumer Protection Act (TCPA) to better safeguard consumers from invasive robocalls and texts to consumer landlines and cell phones.

Saunders will give testimony on behalf of the National Consumers Law Center’s low-income clients, Americans for Financial Reform, Center for Responsible Lending, Consumer Action, Consumer Federation of American, Consumers Union, National Association of Consumer Advocates, National Center for Law and Economic Justice, Public Citizen, and MFY Legal Services, collectively representing millions of consumers in the United States.

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