Press Release Archives

Chopra Firing Brings Four Years of Pro-Consumer CFPB to a Rapid Close

February 1, 2025

Rohit Chopra’s CFPB beat back overdraft and credit card junk fees, tackled medical debt, credit reporting, student loans, and high-cost lending WASHINGTON – Today, President Donald J. Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), an active, pro-consumer regulator. Director Chopra focused the nation’s leading consumer protection agency on protecting people…

New Report Examines the Harms of Seizing Tax Refunds to Collect Criminal Justice Debt

January 30, 2025

To Protect Children’s Financial Security and Aid Reentry, Governments Should Prevent Seizure of Earned Income Tax Credits and Child Tax Credits

Consumers Denied Relief from Unwanted Telemarketing Calls After Federal Court Scraps Consent Rule

January 27, 2025

Advocates raise alarms over a last-minute decision to vacate a regulation that would have eliminated a large number of unwanted telemarketing calls.

New Resource Empowers Consumers Battling Mounting Debt

January 27, 2025

Free Online, the 2025 Edition of Surviving Debt Provides New Resources on Student Debt, Medical Debt, and Homeowners’ Rights

Incarcerated People Are Frequent Targets of Identity Theft

January 27, 2025

New Resource Outlines Tools to Reduce Incidence of Identity Theft Behind Bars

On MLK Day, Remembering the Power of the People

January 20, 2025

The National Consumer Law Center remains firmly committed to Dr. King’s vision of a just economy that works for everyone, with access to safe and affordable housing, sustainable credit, and education and employment opportunities at its bedrock.

CFPB Orders Equifax to Pay $15 Million Over Failure to Remove Errors on Credit Reports

January 17, 2025

Today, the Consumer Financial Protection Bureau (CFPB) ordered Equifax, one of the “Big Three ” nationwide consumer credit reporting agencies, to pay a $15 million penalty for conducting faulty and inadequate investigations when consumers disputed errors on their credit reports, in violation of the Fair Credit Reporting Act.

CFPB Rescinds 2020 Advisory Opinion on Earned Wage Advances

January 16, 2025

The CFPB found that the 2020 Opinion’s analysis of what constitutes “credit” under TILA was “significantly flawed” and that the Opinion, which was limited to completely free advances, had been misunderstood and misused to support claims that EWAs are not credit.

NCLC Statement in Response to Department of Education Loan Relief For Additional Students Harmed By Their School

January 16, 2025

The Biden administration announced that it will provide $5.75 billion in relief to over 345,880 borrowers with outstanding loans borrowed to attend Ashford University, Drake College of Business, and schools owned by the Center for Excellence in Higher Education (CEHE).

Department of Education Outlines Stronger Protections for Student Loan Borrowers in Default

January 16, 2025

NCLC and New America Foundation Applaud Protection of Social Security Benefits from Seizure to Collect Student Debt

CFPB Sues Experian Over Failure to Remove Errors on Credit Reports

January 7, 2025

Experian Accused of Improperly Investigating Disputes, Threatening Consumers’ Access to Credit

CFPB Rule Removes Medical Debts from Credit Reports

January 7, 2025

Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule to stop the harmful impact of medical debt on consumers’ credit scores.

All

Chopra Firing Brings Four Years of Pro-Consumer CFPB to a Rapid Close

New Report Examines the Harms of Seizing Tax Refunds to Collect Criminal Justice Debt

Consumers Denied Relief from Unwanted Telemarketing Calls After Federal Court Scraps Consent Rule

New Resource Empowers Consumers Battling Mounting Debt

Incarcerated People Are Frequent Targets of Identity Theft

On MLK Day, Remembering the Power of the People

CFPB Orders Equifax to Pay $15 Million Over Failure to Remove Errors on Credit Reports

CFPB Rescinds 2020 Advisory Opinion on Earned Wage Advances

NCLC Statement in Response to Department of Education Loan Relief For Additional Students Harmed By Their School

Department of Education Outlines Stronger Protections for Student Loan Borrowers in Default

CFPB Sues Experian Over Failure to Remove Errors on Credit Reports

CFPB Rule Removes Medical Debts from Credit Reports

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