FOR IMMEDIATE RELEASE: October 27, 2020 Rule that evades state interest rate laws will severely impact low-income and communities of color WASHINGTON, D.C. – The regulator of the nation’s largest banks has finalized a rule that allows predatory lenders to do an end-run around state interest rate caps, exposing people to loans in excess of…
Read More about New OCC Rule Protecting Predatory Lenders Could Face Legal Challenge
National Consumer Law Center, Consumer Federation of America, and Consumer Reports submit amicus in Duguid v. Facebook WASHINGTON, D.C. — Unwanted robocalls invade the privacy of Americans, diminish the usefulness of cell phones, and can threaten public safety. Yet Facebook wants the U.S. Supreme Court to so narrowly define prohibitions on calls made to cell…
FOR IMMEDIATE RELEASE: October 26, 2020 Washington, D.C. – Today marks the fiftieth anniversary of passage of the Fair Credit Reporting Act (FCRA). The following is the statement of National Consumer Law Center attorneys Chi Chi Wu, Ariel Nelson and Sarah Bolling Mancini. “The FCRA was a landmark law for its time and the first…
Read More about Consumer Advocates Commemorate the 50th Anniversary of the Fair Credit Reporting Act
FOR IMMEDIATE RELEASE October 8, 2020 Boston – A major barrier that keeps people in the United States from successfully reentering society long after an encounter with the criminal justice system is the burden of paying fines and fees. To help knock down this barrier, a new primer from the National Consumer Law Center guides…
Read More about New Report: Using Bankruptcy to Discharge Criminal Justice Debt
FOR IMMEDIATE RELEASE: September 29, 2020 Detroit – Today, the NAACP Legal Defense and Educational Fund, Inc. (LDF), the American Civil Liberties Union of Michigan (ACLU), the National Consumer Law Center (NCLC), and the Michigan Poverty Law Program filed a federal class action lawsuit against Vision Property Management (Vision). The lawsuit was filed on behalf…
For Immediate Release: September 24, 2020 550% increase in credit reporting complaints to CFPB in the past six months Washington, D.C. – A coalition of 21 consumer, faith, and advocacy groups sent a letter today to Consumer Financial Protection Bureau Director Kathy Kraninger urging her to revoke the permission that the Bureau granted the credit…
FOR IMMEDIATE RELEASE: September 17, 2020 Boston – Today, Senators Schumer and Warren announced they are introducing a Resolution calling on the President of the United States to take executive action to broadly cancel up to $50,000 in federal student loan debt for 43 million Americans. The following is a statement by Persis Yu, National…
FOR IMMEDIATE RELEASE: September 8, 2020 National Consumer Law Center contacts: Jan Kruse ([email protected]) or Odette Williamson ([email protected]) National Consumer Law Center Advocates Urge HUD to Reverse Course and Restore Key Civil Rights Protections Washington, D.C. – In a continuing campaign to weaken civil rights protections, the U.S. Department of Housing and Urban Development (HUD)…
The timing of the OCC’s embrace of predatory lenders could not be worse We are in the midst of an unprecedented health crisis and a severe economic crisis, with both crises impacting communities of color more heavily than white communities WASHINGTON, D.C. – A proposal by the regulator of the nation’s largest banks would…
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced yesterday that a fee from Fannie Mae and Freddie Mac, which FHFA previously approved and which makes refinancing more expensive for mortgages backed by those companies, will be delayed until December 1. FHFA also said the fee will not apply to refinance loans with balances…
FOR IMMEDIATE RELEASE: August 18, 2020 National Consumer Law Center Statement: Proposal May be Challenged Washington, D.C. – Today, the Consumer Financial Protection Bureau’(CFPB) announced a Notice of Proposed Rulemaking regarding the Dodd-Frank Act ability to repay and qualified mortgage rules. The following statement is by National Consumer Law Center Staff Attorney Alys Cohen: “The…
FOR IMMEDIATE RELEASE: AUGUST 4, 2020 Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) should withdraw its supplemental proposed rule on disclosures and instead completely ban all collection of time-barred “zombie” debt, both in and out of court, wrote the National Consumer Law Center (NCLC) in comments submitted today on behalf of its low…
Read More about CFPB Proposal Allows Abusive “Zombie” Debt Collection to Continue
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