New VA Program to Provide Home Loan Assistance to Active-Duty Servicemembers and Veterans
The U.S. Department of Veterans Affairs' VA Servicing Purchase (VASP) program will help VA borrowers facing financial hardships avoid unnecessary foreclosures.
Newsroom
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American Banker: It's past time for the Fed to expand ACH settlement to weekends
In an op-ed appearing in American Banker on April 3, 2024, NCLC senior attorney Carla Sanchez-Adams and Michael Herd, Executive Vice President for ACH Network Administration at Nacha, write tourge the Federal Reserve to expand the ACH network’s hours of operation to settle payments on weekends and holidays. “Expanding NSS operating hours means American workers…
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CNN: 40-year mortgages offer a route to homeownership — at steep risk and cost
Appearing in CNN Underscored on April 8, 2024, Alaya Linton, Andrew Pentis, and Katie Lowery talk to Sarah Bolling Mancini about 40-year mortgages that make monthly payments smaller but increase the total cost of repayment. “In the first five or six years of a 30-year mortgage, almost all of the payment is going towards interest.…
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Mass. Senate Passes Debt Collection Fairness Act, Protecting Struggling Families
Bill limits wages that can be seized and ensures no one can be imprisoned for consumer debt BOSTON – Last week, the Massachusetts Senate unanimously passed the Debt Collection Fairness Act, which would protect thousands of Massachusetts families struggling with debt from excessive seizure of wages and demands for outrageous interest on consumer debt. It…
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144 Organizations Support CFPB Rule to Curb Abusive Overdraft Fees
Proposed rule will promote fair and affordable overdraft coverage and prevent big banks from charging junk fees WASHINGTON – Today, 144 consumer, civil rights, military, legal services, and community groups submitted comments in strong support of the Consumer Financial Protection Bureau’s (CFPB) proposed rule governing the overdraft lending practices of the largest financial institutions. [The…
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American Banker: Industry groups sue over Colorado's crackdown on high-cost lending
Appearing in American Banker on March 26, 2024, Kevin Wack interviews NCLC associate director Lauren Saunders for coverage of industry groups suing to block a Colorado law — set to take effect this summer — that will serve as a test case in the nationwide legal fight over state interest rate caps on consumer loans. Lauren Saunders,…
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Digital Library: 75 Ways to Challenge an Arbitration Requirement
A new NCLC Arbitration Practice Checklist, free and accessible to the public, is found at NCLC’s Consumer Arbitration Agreements § 1.2a. It not only lists 75 ways to defeat an arbitration requirement, but also considers procedural issues in such a challenge, including who decides enforceability and timing of appeal rights. The checklist also explains options to proceed in arbitration—individual,…
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Fridays with Friends Featuring NCLC
In honor of Women’s History Month, attorneys with Coast to Coast Legal of Aid South Florida interview Andrea Bopp Stark and Sarah Bolling Mancini.
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Student Loans: Last Week Tonight with John Oliver (HBO)
Originally airing on HBO on March 17, 2024, John Oliver discusses the over 43 million Americans paying off student loans, how so many people have come to take on student loan debt, why it’s so hard to pay off, and what we can do about it. The episode references NCLC and CLASP’s report, Disproportionately Impacted:…
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The New York Times: Biden Approves $5.8 Billion in Additional Student Debt Cancellation
Appearing in The New York Times on March 21, 2025, Tara Siegel Bernard interviews NCLC co-director of advocacy Abby Shafroth for a story on the over $140 million in incremental relief for nearly four million student loan borrowers. “There are a lot of people who need to consolidate by this deadline to benefit and potentially…
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In a Win for Massachusetts Workers, House Passes Fair Chance in Employment Act
The Massachusetts House of Representatives passed H.1434, the Fair Chance in Employment Act, confirming that credit reports have no place in the employment process.
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Settlement Approved for Residents of North Carolina Mobile Home Park
The settlement resolves the class action challenge to the “rent-to-own” scheme perpetuated by the owners of the mobile home park.
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