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Advocates Urge Department of Education to Discharge Debt Held By All Former Students of Corinthian Colleges

February 10, 2022

February 10, 2022 Today, over thirty legal aid and advocacy organizations submitted comments to the U.S. Department of Education asking it to stop requiring Corinthian College students to apply for borrower defense relief; instead, the Department should issue a group discharge to those students. “Approximately 350,000 students–many of whom are low-income people of color, veterans,…

Advocates Applaud Department of Education Decision to Protect CTC Payments in Tax Refunds from Seizure

February 9, 2022

February 9, 2022 WASHINGTON – In response to yesterday’s announcement via social media that the U.S. Department of Education will make sure families who have student loans in default do not have their Child Tax Credit (CTC) benefits seized by offset – even for refunds issued after the payment pause ends on May 1, 2022…

The System is Broken: 100+ Organizations Urge Biden Administration to Aid Millions of Student Loan Borrowers with Overdue Income-Driven Repayment (IDR) Reforms

February 9, 2022

February 9, 2022 IDR program has failed borrowers for decades, organizations contend, calling on the Education Secretary to fulfill broken promises WASHINGTON — Today, a group of 104 diverse advocacy organizations, including the National Consumer Law Center, on behalf of its low income clients, Student Borrower Protection Center, Center for Responsible Lending, American Federation of…

Advocates Meet With FCC to Urge Meaningful Changes to Rules Governing Providers of Telecom Service to Criminal Enterprises

February 8, 2022

February 8, 2022 WASHINGTON – Today, the National Consumer Law Center, on behalf of its low income clients, the Electronic Privacy Information Center, Consumer Reports, National Consumers League, Public Knowledge, UnidosUS and U.S. PIRG, met with staff of the Federal Communications Commission (FCC) to insist that more effective measures be deployed to stop telephone service providers…

Advocates Applaud $4 Million DC Settlement with Predatory Rent-a-Bank Lender Elevate

February 8, 2022

February 8, 2022 FDIC should stop banks from laundering Elevate’s 100% -251% APR loans nationwide WASHINGTON – Advocates at the National Consumer Law Center applaud District of Columbia Attorney General Karl Racine’s announcement today that DC has reached a settlement with predatory rent-a-bank lender Elevate that requires it to abide by the District’s interest rate limits and…

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,…

Consumer Advice: Dealing with Debt Collectors—Including the New Federal Rules

January 31, 2022

This article provides advice to consumers in dealing with debt collectors. The article is based on an updated chapter in NCLC’s Surviving Debt. The advice now considers new consumer rights and new consumer risks flowing from federal rules that just went into effect on November 30, 2021. For more detail on these rules (the Consumer…

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…

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