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Reverse Mortgage Daily: "NCLC reverse mortgage report highlights servicing issues"

March 10, 2023

An article appearing in Reverse Mortgage Daily on February 7, 2023 by Chris Clow features an interview with Sarah Bolling Mancini to discuss findings of a new report and policy recommendations. Mancini said the report is the culmination of numerous years worth of work. “It has been an ongoing project, and we’ve been fortunate over…

NPR: "Even after you think you bought a car, dealerships can 'yo-yo' you and take it back"

March 10, 2023

Originally airing on NPR during All Things Considered on February 4, 2023, Chris Arnold discusses deceptive auto sales and interviews John Van Alst. “It does happen all too frequently,” says John Van Alst, an attorney with the nonprofit National Consumer Law Center. Usually, when you finance a car through the dealer, technically you owe the…

NBC News: "Billions of political text messages were sent last year -- and there's little to stop more from coming"

March 10, 2023

An article appearing in NBC News on January 26, 2023 by Alex Ford quotes Margot Saunders while looking at the more than 15 billion political texts that were sent in 2022, according to call-blocking service Robokiller, something experts attribute to a Supreme Court decision that eliminated the requirement to obtain consent when sending mass texts.…

American Banker: "Fintech partner's predatory puppy loans get TAB Bank low CRA rating"

March 10, 2023

An article appearing in American Banker on February 7, 2023 by Penny Crossman quotes Lauren Saunders in coverage of the Federal Deposit Insurance Corporation’s (FDIC) lowering Transportation Alliance Bank’s Community Reinvestment Act rating from “satisfactory” to “needs to improve,” based on the behavior of one of its fintech lending partners. “TAB Bank has been disserving…

TIME: "What to Do If You Can't Afford to Pay Back Your Student Loans"

March 9, 2023

An article appearing in TIME on March 8, 2023 by Solcyre Burga advises borrowers that before they make any decisions about possibly changing their payment plan or applying for a forbearance or deferment they first research their options and reach out to their loan servicer, quoting Kyra Taylor. Information about the type of loan you…

CNN: "CFPB: What it does and why its future is in question"

March 9, 2023

An article appearing in CNN on March 3, 2023 answers the questions: What is the CFPB? How does its work affect your wallet? And why is its future potentially at risk? It [the CFPB] has completely changed the consumer financial marketplace. Overall it has had a tremendous impact on making it more fair and transparent,”…

USA Today: "As lawsuits pile up, Democrats make fresh push for student loan forgiveness"

March 9, 2023

An article appearing in USA Today on March 7, 2023 by Alia Wong and Chris Quintana covers Democratic lawmakers’ support for President Joe Biden’s student loan forgiveness plan and quotes Abby Shafroth. A return to loan payments, absent avenues for relief, could throw many borrowers into financial disarray. “This is a real disaster waiting for us.”…

Advocates Urge COPRAC to Move Swiftly on Critical Ethics Opinion

March 6, 2023

Worker and consumer rights advocates from California and across the country call on the California attorney regulation agency to act quickly to clarify that it is unethical for attorneys to encourage corporate clients to include illegal or unenforceable terms in fine-print contracts. On Friday, a coalition of worker and consumer advocates urged the California attorney…

Digital Library: New Supreme Court Ruling–When Is a Bankruptcy Debtor on the Hook for Partner’s Fraud?

March 6, 2023

On February 22, the Supreme Court in Bartenwerfer v. Buckley, 2023 WL 2144417 (U.S. Feb. 22, 2023), held that a debt incurred by business partners and obtained by fraud may not be discharged in bankruptcy even when the debtor is an innocent partner who did not commit the fraud. One can expect bankruptcy creditors to try…

Coalition of Chicago, Illinois, and National Community-Based Groups Propose the People’s Utility Rate Relief Act

March 3, 2023

Springfield, Ill. — A coalition of Chicago, statewide and national organizations focused on consumer rights, environmental justice, energy and the environment are joining forces to push for legislation to improve affordability of utility service in response to decades of Illinois utility rate increases with no end in sight. The People’s Utility Rate Relief Act (PURR…

NCLC Senior Attorney Sarah Bolling Mancini Appointed to CFPB Consumer Advisory Board

March 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced today the appointment of new members to its Consumer Advisory Board (CAB), including Sarah Bolling Mancini, a senior attorney at the National Consumer Law Center, focusing on foreclosures, mortgage lending, and credit reporting issues.

Advocates Welcome Mandatory Collection of Language Preference Data by Fannie Mae and Freddie Mac

March 1, 2023

Required use of the Supplementary Consumer Information Form (SCIF) begins on March 1 WASHINGTON – Americans for Financial Reform, the Connecticut Fair Housing Center, Consumer Action, National Coalition for Asian Pacific American Community Development (National CAPACD), the National Consumer Law Center, the National Fair Housing Alliance, National Housing Resource Center, and UnidosUS celebrate today’s decision…

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