FCC must now move aggressively to provide critical relief for consumers Washington, D.C. – Today, the bipartisan Pallone-Thune TRACED Act was signed into law in an important step forward to provide Americans some relief from the plague of robocalls. The final bill, passed overwhelming by the U.S. House last month, includes elements from the bills…
FOR IMMEDIATE RELEASE: December 20, 2019 HELENA, MT — This week, student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), also known as FedLoan Servicing, urged the Montana Supreme Court to reject a brief submitted to the court by the Montana Legal Services Association, the National Consumer Law Center, and the Student Borrower Protection Center…
Report: Rampant Errors on Criminal Background Check Reports Are Still Preventing Consumers from Securing Jobs and Housing National Consumer Law Center Urges Federal and State Action to Stop Faulty Criminal Background Check Reports and Hold Background Screening Companies Accountable; FTC/CFPB to Host Accuracy in Consumer Reporting workshop on Tue., Dec. 10 Download the National Consumer…
Boston – The National Consumer Law Center’s (NCLC) strong financial health and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. This is the third consecutive time that NCLC has earned this top distinction. Only 25% of the charities evaluated have received at least 3…
Read More about The National Consumer Law Center Earns Top Rating From Charity Navigator
Boston – Yesterday, the Federal Reserve Board, Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, Consumer Financial Protection Bureau, and National Credit Union Administration released an Interagency Statement on the Use of Alternative Data in Credit Underwriting. Chi Chi Wu, staff attorney at the National Consumer Law Center, issued the following statement…
Read More about Statement Regarding Bank Regulators’ Guidance on Alternative Data
FOR IMMEDIATE RELEASE: November 22, 2019 National Consumer Law Center Contacts: Jan Kruse ([email protected]) or Persis Yu ([email protected]) or (617) 542-8010 Boston – Advocates at the National Consumer Law Center (NCLC) condemned news that the U.S. Department of Education (Department) is delaying its plans to automatically forgive federal student loan debt for totally and permanently…
OCC Proposes Rent-a-Bank Rule Today; Proposed Rule is on Agenda for FDIC Meeting on Nov. 19 Washington, D.C. – Advocates reacted with outrage to a new proposal from two federal bank regulators that could make it easier for payday and other high-cost lenders to use banks as a fig leaf so that online lenders can…
Read More about FDIC/OCC Proposal Would Encourage Rent-a-Bank High-Cost Predatory Lending
Boston – As Black Friday approaches, the National Consumer Law Center warns holiday shoppers of a lurking danger in the local mall, big box store or online: deferred interest promotions on credit cards. These promotions entice consumers with promises such as “no interest for 12 months” or “0% interest until December 2020,” but there is…
Washington, D.C. – Advocates at the National Consumer Law Center (NCLC) applauded today’s introduction in Congress of a bill to cap interest rates nationwide at 36%, including fees, which NCLC is supporting on behalf of its low-income clients. “It is fitting that as we celebrate Veterans’ Day that we honor our veterans by extending to…
Read More about Advocates Applaud Bill to Cap Interest Rates at 36%
National Consumer Law Center’s 50-State Review: ‘Horse and Buggy’ Laws Need Major Reform Boston – Millions of families have still not recovered from the Great Recession of 2008, and the astronomic growth of the debt buyer industry makes them increasingly vulnerable to seizure of essential wages and property to pay their oldest debts. A new…
Read More about Report: States Put Families at Risk to Feed an Insatiable Debt Collection Machine
FOR IMMEDIATE RELEASE: November 7, 2019 Washington, D.C. – A coalition of 61 consumer, civil rights, and community groups today sent letters to three federal bank regulators urging them not to allow their banks to help payday lenders evade state interest rate limits. The groups sent separate letters to the Federal Deposit Insurance Corp. (FDIC),…
Boston – On October 31, 2019, the U.S. Department of Education issued final rules, effective July 1, 2020, that will erode states’ rights to enforce consumer protections applicable to for-profit online education colleges. The rules will have a disastrous effect on students, especially low-income and other vulnerable students. Following is a statement by Robyn Smith,…
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate