The Hill: Ending crippling debt seizure is one solution to our student loan nightmare
When a borrower defaults, the student loans meant to unlock the door to opportunity instead plunge them into a dystopian, punitive debt collection system.
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American Banker: It's past time for the Fed to expand ACH settlement to weekends
In an op-ed appearing in American Banker on April 3, 2024, NCLC senior attorney Carla Sanchez-Adams and Michael Herd, Executive Vice President for ACH Network Administration at Nacha, write tourge the Federal Reserve to expand the ACH network’s hours of operation to settle payments on weekends and holidays. “Expanding NSS operating hours means American workers…
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CNN: 40-year mortgages offer a route to homeownership — at steep risk and cost
Appearing in CNN Underscored on April 8, 2024, Alaya Linton, Andrew Pentis, and Katie Lowery talk to Sarah Bolling Mancini about 40-year mortgages that make monthly payments smaller but increase the total cost of repayment. “In the first five or six years of a 30-year mortgage, almost all of the payment is going towards interest.…
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American Banker: Industry groups sue over Colorado's crackdown on high-cost lending
Appearing in American Banker on March 26, 2024, Kevin Wack interviews NCLC associate director Lauren Saunders for coverage of industry groups suing to block a Colorado law — set to take effect this summer — that will serve as a test case in the nationwide legal fight over state interest rate caps on consumer loans. Lauren Saunders,…
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Student Loans: Last Week Tonight with John Oliver (HBO)
Originally airing on HBO on March 17, 2024, John Oliver discusses the over 43 million Americans paying off student loans, how so many people have come to take on student loan debt, why it’s so hard to pay off, and what we can do about it. The episode references NCLC and CLASP’s report, Disproportionately Impacted:…
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The New York Times: Biden Approves $5.8 Billion in Additional Student Debt Cancellation
Appearing in The New York Times on March 21, 2025, Tara Siegel Bernard interviews NCLC co-director of advocacy Abby Shafroth for a story on the over $140 million in incremental relief for nearly four million student loan borrowers. “There are a lot of people who need to consolidate by this deadline to benefit and potentially…
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