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COVID-19 Crisis: Advocates Call for U.S. Governors to Take Immediate Action to Ensure Residents are Protected from Utility Shut Offs

March 27, 2020

FOR IMMEDIATE RELEASE: March 27, 2020 National Consumer Law Center Contacts: Jan Kruse ([email protected]) Boston – Advocates at the National Consumer Law Center (NCLC) called on governors across the nation to take immediate action pursuant to their authority granted under each state’s emergency management act to ensure utility customers remain connected to essential electric, gas, water,…

Civil Rights and Consumer Groups Condemn “Emergency” Regulatory Guidance that Allows Banks to Make Payday Loans

March 26, 2020

Banks should not embrace this terrible idea, especially as they are borrowing for free Washington, D.C. – Today, under the cover of a national crisis, the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Federal Reserve Board (FRB), and the National Credit Union Administration issued…

Senate COVID-19 Stimulus Bill is a Start but Falls Far Short for Families, Students, and the Nation’s Most Vulnerable

March 26, 2020

Washington, D.C. – Late yesterday, the U.S. Senate passed a $2 trillion stimulus bill to assist businesses and families in the wake of the COVID-19 crisis. The package includes some helpful aid but it falls short in several critical consumer protection areas. “While the Senate package contains some first steps to relieve the economic crisis,…

Advocates: HUD Must Do Much More to Protect Older Reverse Mortgage Borrowers in the Coronavirus Epidemic

March 24, 2020

Washington, D.C. – The National Consumer Law Center, Americans for Financial Reform Education Fund, and 40 other groups sent a letter today to the U.S. Department of Housing and Urban Development (HUD) seeking stronger protections for reverse mortgage borrowers in response to the COVID-19 pandemic. The agency has announced a 60-day halt on foreclosures of…

Trump Administration’s plan to pause student loan payments is woefully insufficient

March 20, 2020

BOSTON―Today, advocates warn that the plan announced by the U.S. Secretary of Education Betsy DeVos to allow borrowers with federally held student loans the option to suspend their payments falls far short of what is needed in this national crisis. Statement by Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance…

Advocates Praise Senators for Bold Student Loan Principles

March 19, 2020

FOR IMMEDIATE RELEASE: March 19, 2020 National Consumer Law Center Contact: Jan Kruse at [email protected] Boston – Today, U.S. Senators Schumer, Murray, Brown, and Warren introduced a proposal outlining their plan to protect the financial interests of millions of student loan borrowers during the COVID-19 pandemic by cancelling borrowers’ student loan payments and protecting defaulted…

Advocates Applaud Halt to Foreclosures and Bills to Stabilize Homeownership and Protect Credit Reports but Highlight Need for Further Relief During Pandemic

March 19, 2020

Boston – National Consumer Law Center advocates praised recent measures taken by the federal government to help homeowners remain in their homes and to protect their credit scores but said more needs to be done. The foreclosure relief announced yesterday in response to the COVID-19 pandemic by the Federal Housing Administration (FHA) and the Federal…

Covid 19: What the U.S. Dept. of Education, Lenders and Student Loan Borrowers Should Do Now

March 13, 2020

Boston – As concerns continue to grow about the spread of the new coronavirus (COVID-19), policymakers must act to protect those who are most economically vulnerable and to empower them with the financial safety net needed to follow public health precautions. One area where the federal government should act is in ensuring that the federal student…

Advocates Applaud Senate Vote to Restore Rule to Protect Borrowers from School Fraud and Closures

March 11, 2020

Boston – Today, National Consumer Law Center advocates applauded the U.S. Senate’s bipartisan use of the Congressional Review Act to block the 2019 Borrower Defense to Repayment rule from going into effect and to preserve the existing rules protecting borrowers from school fraud and closures. The vote was 53 – 42. “We are cheered to…

New CFPB Advisory Opinion Program Would Give Lenders a Safe Harbor for Violating Federal Consumer Laws

March 6, 2020

Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced plans to create an advisory opinion program which, if enacted, would circumvent the public notice-and-comment process, a pillar of our government and democracy. The intent of the advisory opinion program, according to the CFPB, would be to provide clear guidance to assist companies in better…

Telecom Carrier and Consumer Groups Stress Critical Need to Maintain Landmark Consumer Privacy Law to Protect Integrity of Communications System and Curb Robocalls in U.S. Supreme Court Case

March 3, 2020

Washington, D.C. – The National Consumer Law Center, the Consumer Federation of America and Verizon filed a joint amicus brief in Barr v American Association of Political Consultants, a case before the U.S. Supreme Court in which a group of robocallers is challenging the constitutionality of a provision of the Telephone Consumer Protection Act (TCPA),…

West Virginia to Adopt Used Car Donor Tax Credit Program, Incentivizing Donation of Reliable and Affordable Vehicles

March 2, 2020

FOR IMMEDIATE RELEASE: March 2, 2020 Good News Mountaineer Garage contact: Ron Wiles ([email protected]) or (304) 680-7140; National Consumer Law Center contacts: Margot Saunders ([email protected]), Stephen Rouzer ([email protected]) or (202) 595-7847 This afternoon, the West Virginia state senate unanimously approved HB 4969, Creating a Used Car Donor Tax Credit Program to incentivize the donation and…

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