Appearing in the Associated Press on April 23, 2024, Cora Lewis talks to NCLC Associate Director Lauren Saunders about short-term, high-interest loans billed as Earned Wage Access. “If (Earned Wage Access) were being used by people to cover one emergency cost a year, it could be better than being subject to overdraft fees or payday…
Appearing in The New York Times on April 23, 2024, Jordyn Holman and Ben Casselman interview NCLC Senior Attorney Chi Chi Wu for coverage of “buy now, pay later” loans and how they aren’t typically reported on consumers’ credit reports. “The credit reporting system is a system that assumes monthly payments, it assumes longer-term loans,…
Read More about The New York Times: ‘Pay Later’ Lenders Have an Issue With Credit Bureaus
Airing during NPR’s Morning Edition on April 23, 2024, Chris Arnold and Quil Lawrence talk to NCLC Senior Attorney Steve Sharpe for a segment on efforts to assist veterans at the highest risk of foreclosure–but it won’t help everyone. “Borrowers who are put into unaffordable modifications and default should be able to immediately access VASP……
Groups implore White House to follow through on its commitments to create inclusive, resource-rich communities free of discrimination with the amenities everyone needs to thrive.
Appearing on CBS Mornings on April 18, 2024, Anna Werner interviews Carla Sanchez-Adams for a story on how Americans are losing millions of dollars every year to scammers who steal money directly from their bank accounts, often through fraudulent wire transfers. U.S. senators are now pressing banks for answers about what they’re doing to stop…
A new NCLC Digital Library article explains four key new protections that the new rule will implement and provides four essential practice tips for dealing with student loans in a chapter 13 bankruptcy.
When a borrower defaults, the student loans meant to unlock the door to opportunity instead plunge them into a dystopian, punitive debt collection system.
Today, the Department of Education released proposed rules that would provide federal student loan debt relief to four categories of borrowers.
Read More about NCLC Statement in Response to Proposed Rules to Provide Student Debt Relief
Massachusetts Attorney General Andrea Joy Campbell today issued an advisory clarifying that existing state consumer protection, anti-discrimination, and data security laws apply to emerging technology.
Advocates commend the Administration for its leadership in organizing the first-ever interagency task force focused on addressing appraisal bias.
The Rule will bring some long overdue relief to car buyers who are tired of dishonest pricing, and will pave a path for the FTC to pursue future rulemakings to regulate car dealers.
Read More about Broad Coalition of 104 Organizations Tell Congress to Support FTC CARS Rule
The U.S. Department of Veterans Affairs' VA Servicing Purchase (VASP) program will help VA borrowers facing financial hardships avoid unnecessary foreclosures.
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