WASHINGTON – Today, President Biden will announce a crackdown on rental housing junk fees that undermine housing stability. Citing a recent National Consumer Law Center report, the Biden Administration is calling attention to the significant harm that rental housing junk fees cause to tenants and outlined steps the Administration is taking to curb junk fees.…
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The hearing will begin at 10:30 AM at the State House, Room A-1 and will be available virtually at malegislature.gov BOSTON – Today, the Joint Committee on Labor and Workforce Development will hold a hearing that includes analysis of the Fair Chance in Employment Act (FCEA): S.1144 and H.1434. Together, the bills, filed by Sen.…
These bills would ensure that employers in Massachusetts cannot consider an employee’s or job applicant’s credit report in making hiring or employment decisions.
WASHINGTON – Advocates with the National Consumer Law Center’s Student Loan Borrower Assistance Project applaud action today by the Department of Education to begin automatically discharging $39 billion in Federal student loans–helping more than 804,000 borrowers get out from under crushing student debt. But advocates warn more must be done to assist borrowers who’ve fallen…
DC joins two states in stopping rent-a-bank loans by EasyPay Finance and TAB Bank that evade state interest rate laws WASHINGTON – Advocates applauded today’s announcement by the Office of the Attorney General (AG) of the District of Columbia that DC has forced EasyPay Finance to stop making loans up to 198.98% despite DC’s 24%…
Read More about 199% Auto Repair, Pet Loans Face Crackdown by DC, States
Sarah B. Mancini will join hybrid hearing on “rent-to-own” home financing arrangements that exploit vulnerable homebuyers The hearing is scheduled to begin at 2:30 p.m. ET on Tuesday, July 11, 2023. Livestream. Full Testimony (available after the hearing) WASHINGTON – Today, Sarah Bolling Mancini, co-director of advocacy at the National Consumer Law Center, will testify…
6-3 Opinion Blocks President Biden’s Student Loan Cancellation Plan [NOTE: Advocates to hold virtual press briefing on ruling at 12 pm ET. Register here.] WASHINGTON – Today, in a 6-3 opinion, the U.S. Supreme Court ruled that President Biden’s student debt relief program, which would have offered up to $20,000 in relief to working and…
The U.S. Supreme Court’s radical decision dismantling affirmative action in higher education is outrageous and disheartening and will limit educational and economic opportunity for people of color. The decision disregards decades of federal precedent upholding the consideration of race in higher education admissions and ignores the legacy of discrimination in American society, and the daily…
NCLC Advocates Caution Consumers to Check ARMs and Private Student Loans for Servicer Mistakes WASHINGTON – This Friday, June 30, will be the last day for the LIBOR. Starting next week, loan servicers responsible for millions of consumer loans that use the LIBOR will switch borrowers to a new index. The LIBOR is a widely used…
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NCLC Advocates Praise New Requirement for Use of Supplemental Consumer Information Form WASHINGTON – Today, the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA) announced that it will require lenders making FHA-insured mortgage loans to use the Fannie Mae/ Freddie Mac Supplementary Consumer Information Form (SCIF) to collect a mortgage applicant’s language…
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Revised StudentLoanBorrowerAssistance.org Provides Resources for Consumers, Reporters BOSTON – In anticipation of an announcement from the U.S. Supreme Court concerning the fate of President Biden’s student debt cancellation plan, the National Consumer Law Center’s Student Loan Borrower Assistance project has launched a newly updated, consumer-facing website with resources and advice for borrowers and for media…
WASHINGTON – Today, U.S. Sen. Ed Markey and U.S. Rep. Pramila Jayapal led 17 members of Congress in a letter to Federal Trade Commission (FTC) Chair Lina Khan asking for commonsense rules against abuses in the sale and financing of motor vehicles. A large majority of American consumers rely on their car to get to…
Read More about Consumer Advocates Applaud Members of Congress for Supporting FTC Auto Dealer Rule
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