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Housing Advocates Praise CFPB’s Focus on Helping Homeowners at Risk of Losing Homes but Urge a Different Approach

April 5, 2021

FOR IMMEDIATE RELEASE: April 5, 2021 Washington, D.C. – Housing advocates at the National Consumer Law Center, Americans for Financial Reform Education Fund, National Community Stabilization Trust, and the National Housing Law Project responded to the Consumer Financial Protection Bureau’s (CFPB or Bureau) proposed rules issued today to impose a pre-foreclosure review period (essentially a…

President Biden’s American Jobs Plan Would Deliver Clean Water, Electric Transportation Grid, High-Speed Broadband, and Housing Equity

April 1, 2021

FOR IMMEDIATE RELEASE: April 1, 2021 The Administration’s multi-trillion dollar infrastructure plan includes funding to replace 100% of lead pipes and service lines and help close the digital divide WASHINGTON, D.C. – On Wednesday, President Joe Biden’s administration unveiled the American Jobs Plan. In what the administration referred to as a moment to reimagine and…

Supreme Court Deals Blow to Protections Against Robocalls; Advocates Urge Congress to Act to Prevent a Tsunami of Unwanted Calls and Texts to Cellphones

April 1, 2021

FOR IMMEDIATE RELEASE: April 1, 2021 Washington, D.C. – Today, the Supreme Court issued an opinion that nullifies one of the most important protections against unwanted robocalls: the Telephone Consumer Protection Act’s prohibition against autodialed calls and texts to cellphones without the called party’s consent. In Facebook, Inc. v. Duguid, the Court interpreted the statute’s…

Advocates Praise CFPB for Rescinding Harmful Policies that Weakened Consumer Protections

March 31, 2021

FOR IMMEDIATE RELEASE: March 31, 2021 Washington, D.C. – Advocates applauded today’s announcement by the CFPB that it has rescinded several temporary policy statements issued last year that weakened consumer protection by giving financial service industries unnecessary “flexibility” not to comply with consumer protection laws, including laws governing credit cards and prepaid cards, home mortgages,…

NCLC and SPBC Statements on Partial Administrative Action to Protect Student Loan Borrowers During the Pandemic

March 30, 2021

FOR IMMEDIATE RELEASE: March 30, 2021 WASHINGTON, D.C. — Today, the National Consumer Law Center and the Student Borrower Protection Center released the following statements in response to an announcement by the U.S. Department of Education that it had taken steps to expand protections for over one million student loan borrowers with commercial Federal Family…

U.S. Department of Education’s Action on Discharges for Borrowers with Total and Permanent Disabilities Falls Short

March 29, 2021

FOR IMMEDIATE RELEASE: March 29, 2021 Boston – Today, the U.S. Department of Education announced that it is temporarily easing paperwork requirements and cancelling the loans of 41,000 federal student loan borrowers whose disability discharges were revoked and loans were reinstated due to paperwork issues during the pandemic. A 2016 U.S. Government Accountability Office study…

Congress Introduces Resolution to Rescind OCC’s “Fake Lender” Rule, Which Protects Predatory Lenders’ Evasions of State Interest Rate Limits

March 25, 2021

FOR IMMEDIATE RELEASE: March 25, 2021 325+ groups representing all 50 states and the District of Columbia called for Congress to support a resolution to overturn a rule that helps triple-digit interest rate loans evade state and voter-approved interest rate caps and spread across the country WASHINGTON, D.C. – Advocates at the National Consumer Law…

The National Consumer Law Center Stands with the Asian American Pacific Islander Community and Condemns the Hate-Fueled Violence in Atlanta

March 23, 2021

The National Consumer Law Center stands in solidarity with the Asian American Pacific Islander community in condemning last week’s hate-fueled violence in Atlanta and offers our condolences to the families and loved ones of the eight people killed. The murder of eight people, including six Asian women, comes after a sharp increase in bigotry, harassment,…

Days Before Crucial Deadline, the National Consumer Law Center Joins Over 325 Groups Calling for Congress to Rescind “Fake Lender” Rule that Facilitates Predatory Loan Schemes

March 22, 2021

FOR IMMEDIATE RELEASE: March 22, 2021 Only a majority vote in Congress would be needed to overturn rule that helps triple-digit interest rate loans evade state and voter-approved interest rate caps and spread across the country Link to coalition letter: http://bit.ly/CRA-fake-lender WASHINGTON, D.C. – With just a few days left before a crucial deadline, a…

Advocates Applaud Passage of $1.9 Trillion COVID-19 Economic Stimulus to Help Americans but Congress Must Ensure EIPs Feed Families, Not Debt Collectors

March 10, 2021

FOR IMMEDIATE RELEASE: MARCH 10, 2021 Washington, D.C. – Advocates at the National Consumer Law Center praised Congress for passing the $1.9 trillion American Rescue Plan Act of 2021 to help struggling families. But they noted that more needs to be done, especially to address the immediate risk, if Congress does not act quickly, that…

19 Financial Services and Consumer Groups Urge Congress to Exempt Economic Impact Payments from Garnishment

March 10, 2021

FOR IMMEDIATE RELEASE: March 10, 2021 Congress should protect the third-round of economic impact payments from garnishment so families that need the financial relief can access funds without delay Washington, D.C. – In a joint letter sent to Congress yesterday, 19 consumer and financial industry organizations urged lawmakers to protect the third round of economic…

New Government Data Exposes Complete Failure of Education Department’s Income-Driven Repayment Program

March 8, 2021

FOR IMMEDIATE RELEASE: March 8, 2021 Just 32 Students Have Received Promised Debt Cancellation as 2 Million Remain Trapped in Decades-Old Debts; Advocates Call for Immediate Action to Deliver Debt Relief and Overhaul the Department’s Program Washington, D.C. – Approximately two million student loan borrowers are currently trapped in undergraduate debts more than two decades…

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