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

Report: Paper or Electronic Statements? Why It Should Be the Consumer’s Choice

FOR IMMEDIATE RELEASE: MARCH 1, 2016 || CONTACTS

Download the report: http://bit.ly/1TOMxbF 
Download and share related infographic: http://www.easel.ly/browserEasel/3338437 

(BOSTON) Banks, credit card companies, and other businesses are aggressively pushing consumers to receive their monthly statements electronically, but a new report by the National Consumer Law Center warns that these efforts can create more harm than good for consumers. Paper Statements: An Important Consumer Protection by National Consumer Law Center attorneys Chi Chi Wu and Lauren Saunders focuses on the importance of preserving access to this vital form of communication for consumers who want paper statements and records. “Paper statements may seem old-fashioned, but consumers have good reasons to continue receiving them,” noted National Consumer Law Center Chi Chi Wu. “Paper has its advantages.”

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Advocates Commend Dept. of Education Plan to Protect Student Borrowers from Predatory School Practices

FOR IMMEDIATE RELEASE: February 8, 2016 || Contacts: Jan Kruse (This email address is being protected from spambots. You need JavaScript enabled to view it.) or Abby Shafroth (This email address is being protected from spambots. You need JavaScript enabled to view it.); (617) 542-8010


(BOSTON) Today the Department of Education announced that it is creating a new Student Aid Enforcement Unit and that the President will request an additional $13.6 million in related funding in an effort to respond more quickly and efficiently to allegations of misconduct by schools that receive federal student aid. Advocates at the National Consumer Law Center (NCLC) commended the Department for taking action to improve enforcement of laws intended to protect student loan borrowers. NCLC has called on the Department and its Special Master for Borrower Defenses to implement a fair, efficient, and accessible borrower relief process.

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National Consumer Law Center Names Attorney Persis Yu as Director of the Student Loan Borrower Assistance Project

FOR IMMEDIATE RELEASE: FEBRUARY 5, 2016;    CONTACT: Jan Kruse (This email address is being protected from spambots. You need JavaScript enabled to view it. or 617.542.8010)

(BOSTON) The National Consumer Law Center (NCLC), a nonprofit with headquarters in Boston and an office in Washington, D.C., has appointed Persis Yu as director of NCLC’s Student Loan Borrower Assistance Project, effective February 1, 2016. The organization works for economic justice for low-income and other disadvantaged people in the United States.
“We are delighted to welcome Persis as the new director of the Student Loan Borrower Assistance Project,” said National Consumer Law Center Executive Director Rich Dubois. “Persis has the vision, commitment, and knowledge to lead NCLC’s efforts to promote access to higher education and reduce student debt burdens.”
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NCLC Advocates Applaud Department of Education Crack Down of Student Debt Relief Companies

FOR IMMEDIATE RELEASE: January 29, 2016; Contacts
 

(BOSTON) Advocates at the National Consumer Law Center (NCLC) applaud the U.S. Department of Education’s decision to send cease and desist letters to two companies that have used the Department of Education seal to sell student loan debt relief services. The two businesses are Georgia-based Perfect Privacy, LLC acting as SL Programs Student Loan and Debt Consolidation (SL Programs) and The Student Loan Project in California.

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First Possible Tech IPO of Year: Elevate Pushes Predatory Long-Term Payday Loans

FOR IMMEDIATE RELEASE: JANUARY 20, 2016 || Contacts: Jan Kruse (NCLC), (617) 542-8010; This email address is being protected from spambots. You need JavaScript enabled to view it.,  Gary Kalman (CRL), 202-349-1866; This email address is being protected from spambots. You need JavaScript enabled to view it.
Consumer Advocates Question High Charge-Offs, 200% Interest Rates, and Borrowers’ Ability to Pay

(WASHINGTON) Consumer advocates criticized the high interest rates and high charge-offs of Elevate Credit, Inc. (Elevate), the online lender scheduled for the first tech initial public offering of 2016.
“Elevate’s loans have an average APR of nearly 200%, and a huge number of its borrowers default on their loans,” said National Consumer Law Center Associate Director Lauren Saunders. Elevate’s net charge-offs were 51% of revenues in 2014, the last full year for which the lender reported data in its SEC Form S-1 filing. The same filing showed an average APR of 202% for 2014 and 181% for the first nine months of 2015.
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New National Poll Indicates Strong Support for Reform of Paid Tax Preparer Industry

FOR IMMEDIATE RELEASE: JANUARY 20, 2016,  Contacts
Four out of Five Respondents Believe Paid Tax Preparers Should Have to Pass a Competency Test, be Licensed and Provide a List of Fees Before Completing a tax Return


WASHINGTON D.C. (January 20, 2016) 
— As millions of taxpayers turn to paid tax preparers to help complete what, for many, is their largest financial transaction of the year, a coalition of consumer and community organizations and advocates is drawing attention to the findings of a national poll that demonstrates broad public support for new consumer protections designed to prevent errors and fraud during the tax preparation process.

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