FOR IMMEDIATE RELEASE: November 22, 2019 National Consumer Law Center Contacts: Jan Kruse (jkruse@nclc.org) or Persis Yu (pyu@nclc.org) or (617) 542-8010 Boston - Advocates at the National Consumer Law Center (NCLC) condemned news that the U.S. Department of Education (Department) is delaying its plans to automatically forgive federal student loan debt for totally and permanently [...]

FOR IMMEDIATE RELEASE: November 18, 2019 Contact: Jan Kruse (jkruse@nclc.org) or (617) 542-8010 OCC Proposes Rent-a-Bank Rule Today; Proposed Rule is on Agenda for FDIC Meeting on Nov. 19 Washington, D.C. - Advocates reacted with outrage to a new proposal from two federal bank regulators that could make it easier for payday and other high-cost [...]

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 [...]

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 [...]

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), [...]

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 [...]

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 [...]

Prolific robocaller Yodel Technologies seeks exemption for making over 77 million unwanted and illegal telemarketing calls using AI and prerecorded voice messages. WASHINGTON - Yodel Technologies (Yodel) seeks to escape liability by petitioning the Federal Communications Commission (FCC) for an exemption for its “robot calls.” Using its “soundboard” technology to mimic a consumer’s interaction with [...]

WASHINGTON - On Thursday, the Consumer Data Industry Association (CDIA) sued the State of New Jersey over its new law requiring credit reports to be provided in Spanish and 10 other languages, claiming the law is preempted and a violation of the First Amendment. CDIA is a trade association for the credit reporting industry, the [...]