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Statement in Response to Education Department’s Announcement on Student Loan Discharges for ITT Tech Students

August 26, 2021

Boston – Today, the U.S. Department of Education announced that 115,000 borrowers who attended and withdrew from ITT Tech will receive more than $1.1 billion in student loan discharges based on findings that the school engaged in misconduct that allowed it to stay in business while deceiving students and luring them into taking out unaffordable…

Statement in Response to Education Department’s Announcement on Automatic Cancellation for Disabled Borrowers

August 19, 2021

Boston – In response to the announcement today by the U.S. Department of Education that 323,000 borrowers who have a total and permanent disability (TPD) will receive more than $5.8 billion in automatic student loan discharges due to a new regulation, Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project,…

CRL and NCLC Research Reveals Two-Thirds of Navient Borrowers Enrolled in IDRs and Making Voluntary Loan Payments During COVID Student Loan Pause Are Underwater

August 16, 2021

An Analysis of Over 428,000 Borrowers in Income-Driven Repayment (IDR) Washington, D.C. — The Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) issued a new joint policy brief revealing that almost two-thirds (63%) of student loan borrowers enrolled in Income-Driven Repayment Plans (IDR) serviced by Navient who made voluntary loan payments…

Statement of NCLC's Persis Yu Regarding Extension of Student Loan Payment Pause Until 2022

August 6, 2021

FOR IMMEDIATE RELEASE: August 6, 2021 Statement of Persis Yu, the director of National Consumer Law Center’s Student Loan Borrower Assistance Project, in response to announcement that the student loan payment suspension has been extended until January 31, 2022. Washington, D.C. – “Borrowers are collectively taking a huge sigh of relief at the news that…

Free Webinar for Thousands of Students Impacted by Sudden Closure of Online Schools

August 3, 2021

FOR IMMEDIATE RELEASE: August 3, 2021Washington, D.C. — This week, four large, national college chains are closing, stranding more than 7,000 students, most of whom are online: Independence University, CollegeAmerica, Stevens-Henager College, and California College San Diego. Now the school’s owner, the Center for Excellence in Higher Education (CEHE), is aggressively pushing impacted students to…

CFPB Moves Forward with Flawed Debt Collection Rules

August 2, 2021

Nearly One-Third of U.S. Adults with a Credit Report Have Debt in Collection WASHINGTON, D.C. – On Friday, July 30th, the Consumer Financial Protection Bureau (CFPB) announced that it would not delay the effective date of its debt collection regulations as it had originally proposed this spring. Instead, the CFPB will be moving forward with…

NCLC Advocates Applaud 36% National Rate Cap Bill to Curb High-Cost, Predatory Loans Across the Nation

July 29, 2021

FOR IMMEDIATE RELEASE: July 29, 2021 Washington, D.C. – Attorneys at the National Consumer Law Center praised the introduction yesterday of the Veterans and Consumers Fair Credit Act in the U.S. Senate, led by U.S. Senators Jack Reed (D-RI), Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Chris Van Hollen (D-MD), along with seven other original…

Implications of New CFPB Bulletin on Consumer Reporting of Renters

July 16, 2021

On July 1, 2021, the Consumer Financial Protection Bureau (CFPB) issued an Enforcement Compliance Bulletin (hereafter Rental Reporting Bulletin) on consumer reporting issues involving tenant screening reports as well as the reporting of rental information on credit reports. This article outlines key aspects of this “Rental Reporting Bulletin,” highlights the most important implications for practitioners representing renters, and discusses how it supports states’ ability to enact protections related to tenant screening.

Bipartisan Legislation in Congress Would Ban Forced Arbitration Clauses that Protect Sexual Predators

July 15, 2021

FOR IMMEDIATE RELEASE: July 15, 2021 Washington, D.C. – Advocates at the National Consumer Law Center applauded bipartisan and bicameral legislation announced yesterday by U.S. Senator Kirsten Gillibrand (D-NY), Senator Lindsey Graham (R-SC) and Dick Durbin (D-IL), chair of the Senate Judiciary Committee, along with U.S. Representatives Cheri Bustos (D-IL), Morgan Griffith (R-VA) and Pramila…

Statement on PHEAA Not Extending its Servicer Contract with Dept. of Education

July 8, 2021

FOR IMMEDIATE RELEASE: July 8, 2021 Boston – Statement by Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project in response to the announcement that PHEAA (FedLoan Servicing) will not be extending its federal contract in December. “Lawsuits by borrowers and the Massachusetts Attorney General have charged PHEAA (FedLoan Servicing) with…

Advocates Applaud Maine Legislature’s Passage of Bill to Protect Basic Necessities from Garnishment by Debt Collectors

July 1, 2021

Consumer advocates applaud the passage of LD 737, An Act To Increase the Value of Property Exempt from Attachment and Execution. The bill expands minimum protections of basic needs from garnishment by debt collectors. In addition to expanding protections for family homes and vehicles, the bill provides protection for up to $3,000 in consumers’ bank…

Practice Implications of June 25 Supreme Court Ramirez Decision

June 30, 2021

This article outlines the Ramirez holding, details its practice implications for consumer litigation generally, and provides advice on how consumer litigants can still use the courts to enforce their rights.

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