Communities across the country rely on HUD funding for critical housing and homelessness programs, but the Trump administration plans to terminate half of all HUD staff. This will make it impossible for communities to access congressionally approved federal investments needed to address their most pressing housing and homelessness challenges, including the FHA mortgage program. As a…
Cases Dropped Against Mobile Home Lender, Rocket Homes, Student Loan Servicer, and More Let Corporate Wrongdoers Off Scot-Free
With CFPB Under Shut-Down Order, Consumers and Groups Act To Save Lifeline for People Harmed by Medical Debt SHERMAN, TEXAS – With the Consumer Financial Protection Bureau (CFPB) under a stop-work order and unable – and apparently unwilling – to defend a rule removing medical debt from credit reports, a coalition of affected consumers and…
Peer-to-peer loan platform, sued by multiple states, claims 0% APR for 400% APR loans WASHINGTON ––Late Friday the Consumer Financial Protection Bureau (CFPB) dismissed, with prejudice, an enforcement action that it had filed last year against SoLo Funds for deceiving borrowers and illegally extracting fees. Under the previous administration, the CFPB had charged SoLo Funds…
Read More about CFPB Drops Lawsuit Against Illegal Tip-Based Payday Lender
Appearing in CNBC on February 21, 2025, Kamaron McNair talks to NCLC Co-Director of Advocacy Abby Shafroth for coverage of talks of eliminating the U.S. Department of Education and the impact on student loan borrowers. First and foremost, even if the department is eliminated, borrowers who owe money on their federal student loans would be…
Originally appearing in USA Today on February 21, 2025, Daniel de Visé interviews NCLC Associate Director Lauren Saunders for coverage of the Trump Administration’s attack on the Consumer Financial Protection Bureau and calls for it to be shut down. “We are hoping that these are broadly popular measures, that Republicans will understand that their voters…
Read More about USA Today: No more consumer protection? What the CFPB shutdown means for you.
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