January 6, 2022 BOSTON – In response to yesterday’s release by the Consumer Financial Protection Bureau (CFPB)’s of a report detailing the failures of the Big Three credit bureaus [Equifax, Experian and TransUnion] in responding to consumer complaints, Chi Chi Wu, staff attorney at National Consumer Law Center, issued the following statement: “The CFPB is…
significant new FDCPA regulations took effect, a Supreme Court decision significantly impacts standing in FDCPA cases, and twenty-one appellate court panels issued important FDCPA published decisions. Of special note, all the chapters in the digital version of NCLC’s Fair Debt Collection have been extensively reorganized, rewritten, and updated.
December 22, 2021 In response to the Biden Administration extending the pause on federal student loans payment until May 1, 2022, Abby Shafroth, interim director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, issued the following statement: “Today’s announcement means that over the holidays, struggling student loan borrowers will not be forced…
December 7, 2021 The New Rule Will Provide Protections for Borrowers With Adjustable Interest Rate Loans WASHINGTON– Today, in response to the Consumer Financial Protection Bureau’s (CFPB) announcement that it has finalized a rule facilitating the transition away from use of the LIBOR interest rate index for adjustable rate loans, Andrew Pizor, staff attorney at…
Read More about NCLC’s Pizor Applauds CFPB Final Rule to Facilitate the Transition from LIBOR
November 30, 2021 WASHINGTON – Advocates at the National Consumer Law Center applauded District of Columbia Attorney General Karl Racine’s announcement today that DC has reached a settlement with predatory rent-a-bank lender OppFi that requires it to abide by the District’s interest rate limits and to provide over $2 million in relief to wronged consumers.…
Read More about Advocates Applaud DC Predatory Rent-a-Bank Lending Settlement
November 19, 2021 President Biden’s Build Back Better Act Passes House, More Must Be Done to Protect Expanded Child Tax Credits WASHINGTON – Consumer advocates today praised the House passage of the Build Back Better Act. Along with the extension of the expanded Child Tax Credit and other big ticket items, the bill also includes…
Read More about Important Investments in Homeownership and Families in Build Back Better
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate