Press Release Archives

Advocates Call for FDIC, Under New Leadership, to Stop Banks from Fronting for Predatory Lenders

February 4, 2022

February 04, 2022 Today’s departure of FDIC Chair appointed by former President Trump presents a new opportunity for the agency to stop illegal loans with 100%+ APR that are exploiting financially vulnerable families WASHINGTON – With a new chairman taking the helm of the Federal Deposit Insurance Corporation (FDIC), the National Consumer Law Center joined…

Advocates Applaud VA Rule to Dramatically Reduce Unfavorable Debt on Veterans’ Credit Reports

February 2, 2022

February 2, 2022 Rule establishes new minimum requirements for reporting medical debt and debt resulting from overpayment of benefits WASHINGTON – In response to today’s announcement by the Department of Veterans Affairs (VA) that it has published a final rule in the Federal Register amending procedures for reporting debt to consumer reporting agencies, advocates at…

Advocacy Groups Request Meeting with Biden Administration Regarding the Impact of Student Loan Debt on Black Women

January 31, 2022

January 31, 2022 WASHINGTON — Several advocacy organizations, spearheaded by 1000 Women Strong, a national hub for Black women organizing, have requested a series of meetings with the Biden administration to discuss the disproportionate impact of federal student loan debt on Black women. The advocacy groups, which include the National Consumer Law Center, Association of Young Americans,…

Navient Reaches $1.85 Billion Settlement for Defrauding Millions of Students

January 13, 2022

January 13, 2022 WASHINGTON — Today, Navient, one of the largest student loan servicers in the country, reached a $1.85 billion settlement with 39 states over predatory student loan practices. In response, the National Consumer Law Center (NCLC) and the Center for Responsible Lending (CRL) released the following statement: “Navient’s history of steering borrowers into…

NCLC Advocates Applaud CFPB Bulletin To Prevent Unlawful Medical Debt Collection and Credit Reporting

January 13, 2022

January 13, 2022 No Surprises Act Brings New Consumer Protections From Surprise Medical Bills WASHINGTON — In response to the Consumer Financial Protection Bureau’s issuance of a bulletin today, reminding debt collectors and credit bureaus of their legal obligations under the No Surprises Act, which took effect on January, 1, 2022, advocates at the National…

Borrower Advocates Demand that Education Department Restore the Promise of Income-Driven Repayment

January 12, 2022

January 12, 2022 Advocates Outline Path for the Biden Administration to “Do its Part” in Fixing IDR WASHINGTON — Today, the Student Borrower Protection Center, Center for Responsible Lending, and National Consumer Law Center released a whitepaper outlining why the U.S. Department of Education (ED) must act now, before the payment pause ends, to provide…

NCLC, EPIC Urge FCC to Hold Voice Service Providers Accountable for Transmitting Illegal Robocalls

January 11, 2022

January 11, 2022 Groups urge FCC to limit the damage that gateway providers cause by allowing illegal robocall and scam calls to proliferate on their networks. WASHINGTON — The Electronic Privacy Information Privacy Center and the National Consumer Law Center filed comments Monday in response to a Notice of Proposed Further Rulemaking issued by the…

NCLC Advocate Applauds CFPB Report Spotlighting Deficiencies in Credit Bureaus’ Complaint Handling; Calls for Fundamental Reform of Troubled Industry

January 6, 2022

January 6, 2022 BOSTON – In response to yesterday’s release by the Consumer Financial Protection Bureau (CFPB)’s of a report detailing the failures of the Big Three credit bureaus [Equifax, Experian and TransUnion] in responding to consumer complaints, Chi Chi Wu, staff attorney at National Consumer Law Center, issued the following statement: “The CFPB is…

NCLC Advocate Applauds the Biden Administration Extension of the Pause on Federal Student Loan Payments, but More Needs to Be Done

December 22, 2021

December 22, 2021 In response to the Biden Administration extending the pause on federal student loans payment until May 1, 2022, Abby Shafroth, interim director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, issued the following statement: “Today’s announcement means that over the holidays, struggling student loan borrowers will not be forced…

Broad Coalition Urges CFPB To Examine Fintech Credit Products and Fee Models

December 21, 2021

December 21, 2021 79 Groups Ask CFPB to Provide Much Needed Oversight for Emerging Credit Products The Consumer Federation of America, Center for Responsible Lending, National Consumer Law Center, Student Borrower Protection Center, and 75 additional organizations called for Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra to carefully examine fintech credit products and fee…

CFPB Must Protect Consumers From Fraud in Payment Systems

December 21, 2021

December 21, 2021 Today, 65 consumer, civil rights, faith, legal services, and community groups submitted comments to the Consumer Financial Protection Bureau (CFPB) in response to its inquiry into certain business practices of six large technology companies operating payments systems in the United States. The groups urged the CFPB to require person-to-person (p2p) payment providers…

Advocates Urge CFPB to Prevent Rental Debt From Becoming a Barrier to Housing

December 14, 2021

December 14, 2021 New Policy Brief Highlights Legal Aid and Non-Profit Attorneys’ Experiences Representing Clients With COVID-19 Related Rental Debt WASHINGTON– Today, advocates at the National Consumer Law Center sent to the Consumer Financial Protection Bureau a policy brief, Assisting Consumers with Rental Debt During COVID-19: Legal Aid and Non-Profit Attorneys Share Their Experiences, and…

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Advocates Call for FDIC, Under New Leadership, to Stop Banks from Fronting for Predatory Lenders

Advocates Applaud VA Rule to Dramatically Reduce Unfavorable Debt on Veterans’ Credit Reports

Advocacy Groups Request Meeting with Biden Administration Regarding the Impact of Student Loan Debt on Black Women

Navient Reaches $1.85 Billion Settlement for Defrauding Millions of Students

NCLC Advocates Applaud CFPB Bulletin To Prevent Unlawful Medical Debt Collection and Credit Reporting

Borrower Advocates Demand that Education Department Restore the Promise of Income-Driven Repayment

NCLC, EPIC Urge FCC to Hold Voice Service Providers Accountable for Transmitting Illegal Robocalls

NCLC Advocate Applauds CFPB Report Spotlighting Deficiencies in Credit Bureaus’ Complaint Handling; Calls for Fundamental Reform of Troubled Industry

NCLC Advocate Applauds the Biden Administration Extension of the Pause on Federal Student Loan Payments, but More Needs to Be Done

Broad Coalition Urges CFPB To Examine Fintech Credit Products and Fee Models

CFPB Must Protect Consumers From Fraud in Payment Systems

Advocates Urge CFPB to Prevent Rental Debt From Becoming a Barrier to Housing

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