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National Consumer Law Center Advocates Support Education Department Giving Loan Relief for 18,000 Former ITT Students but Urge More Action

June 16, 2021

FOR IMMEDIATE RELEASE: JUNE 16, 202 Boston – Today, the U.S. Department of Education (Department) announced that it will discharge the federal student loans of 18,000 former for-profit ITT Tech students who applied for borrower defenses to repayment based on significant misrepresentations made by the now-shuttered school. The Department found that ITT engaged in widespread,…

New Maryland Law Will Protect Low-Income Families from Overpriced Electricity and Gas

June 7, 2021

Maryland Joins New York, Illinois, Connecticut, and Ohio to Rein in Abuses by Competitive Energy Supply Companies FOR IMMEDIATE RELEASE: June 7, 2021 Washington, D.C. – National Consumer Law Center advocates applauded Maryland’s General Assembly for passing the Energy Supply Reform Bill (SB31/HB397). The effort was led by Maryland’s Senator Mary L. Washington and Delegate…

New 50-State Survey Finds Gains and Losses for Consumers in Larger, Longer High-Cost Predatory Loans

May 27, 2021

For Immediate Release: May 27, 2021 NCLC’s Review of State Consumer Protection Laws for a $2,000 Two-Year Installment Loan and $500 Six-Month Loan View the full report, with maps for the District of Columbia and each state’s APRs for two types of installment loans, tables outlining changes since the 2020 report, and a complete list…

LDF and NCLC Urge DeKalb County, Georgia, to Delay Lifting Water Disconnection Moratorium, Implement Stronger Protections Against Shutoffs

May 26, 2021

Today, the NAACP Legal Defense and Educational Fund, Inc. (LDF) and the National Consumer Law Center (NCLC) sent a joint letter to Michael Thurmond, Chief Executive Officer of DeKalb County, Georgia, in response to the County’s recent announcement that it will lift its water disconnection moratorium and resume disconnections on July 1, 2021. In the…

Consumer Impact, Spring 2021

Consumer Impact is a biannual publication of the National Consumer Law Center to inform our supporters about NCLC’s advocacy.

Advocates Cheer House Passage of Comprehensive Debt Collection Improvement Act

May 13, 2021

FOR IMMEDIATE RELEASE: MAY 13, 2021 Washington, D.C. – Today, the U.S. House of Representatives passed the Comprehensive Debt Collection Improvement Act (HR 2547), sponsored by Financial Services Committee Chairwoman Maxine Waters (D-CA), which would bring much needed clarity and reforms to stop abusive debt collection practices. The vote was 215 to 207. “Thank you…

Advocates Applaud HUD’s Actions to Protect Vulnerable Widows and Widowers and Prevent Avoidable Foreclosures

May 12, 2021

FOR IMMEDIATE RELEASE: May 12, 2021 Boston – National Consumer Law Center advocates applaud the U.S. Department of Housing and Urban Development (HUD) for two recently announced policy changes that will help homeowners avoid unnecessary foreclosures. HUD’s reverse mortgage policy change, announced in Mortgagee Letter 2021-11, will allow non-borrowing spouses of reverse mortgage borrowers to…

Advocates Applaud Senate Repeal of National Banking Regulator’s Predatory Lending Rule; Urge the House to Act Soon

May 11, 2021

FOR IMMEDIATE RELEASE: May 11, 2021 Washington, D.C. – In a 52 – 47 vote tonight, the U.S. Senate voted to overturn the OCC’s “fake lender” rule, which allows predatory lenders to evade state interest rate laws by putting a bank’s name on the paperwork. S.J. Res. 15, a resolution under the Congressional Review Act (CRA),…

Federal Emergency Broadband Benefit (EBB) Program to Launch Wednesday

May 11, 2021

FOR IMMEDIATE RELEASE: May 11, 2021 Program aims to bring affordable broadband internet service to low-income households WASHINGTON, D.C. — Tomorrow, the Federal Communications Commission (FCC) will launch the Emergency Broadband Benefit Program, a temporary FCC program to help families and households struggling to afford broadband internet service during the COVID-19 pandemic. Advocates at the…

New Bank Regulator Leadership Welcome; Congress Still Must Roll Back Rule Promoting Predatory Lending

May 5, 2021

For Immediate Release: May 5, 2021 Washington, DC – Advocates welcomed reports that Treasury Secretary Janet Yellen plans to appoint a new acting head of the Office of the Comptroller of the Currency (OCC), replacing Blake Paulson, in light of the highly deceptive and false claims that the agency, under Paulson’s leadership, put forward as…

Statement on Education Department’s Appointment of Richard Cordray to Oversee Trillion Dollar Federal Student Aid

May 4, 2021

FOR IMMEDIATE RELEASE: MAY 4, 2021 Washington, D.C. – The U.S. Department of Education has appointed Richard Cordray, former director of the Consumer Financial Protection Bureau and Ohio Attorney General, as Chief Operating Officer of the Department’s Federal Student Aid, which oversees $1.6 trillion in outstanding federally-backed student loans held by more than 45 million…

Credit Union Regulator Must Not Facilitate Predatory Lending, Groups Say in Comment Letter

May 3, 2021

FOR IMMEDIATE RELEASE: May 3, 2021 WASHINGTON, D.C. – Credit unions and advocates registered their strong opposition to a proposal by the National Credit Union Administration (NCUA) that would allow credit union subsidiaries to engage in predatory lending that is explicitly illegal for federal credit unions. The proposal by NCUA, which regulates credit unions across…

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