Newsroom

In the Wake of HUD Major Policy Change on Non-Borrowing Spouses, NCLC Attorney to Testify Before U.S. House on Risks to Elders from Reverse Mortgage Abuses

September 24, 2019

Washington, D.C.- National Consumer Law Center attorney Sarah Bolling Mancini will testify on Wednesday, September 25 at 2pm E.T. before the U.S. House Financial Services Committee Housing, Community Development, and Insurance Subcommittee at a hearing entitled “Protecting Seniors: A Review of the FHA’s Home Equity Conversion Mortgage (HECM) Program.” The hearing follows a major policy…

Consumer Advocates Applaud U.S. House for Passage of Bill that Would Restore American Families’ Right to Their Day in Court

September 20, 2019

Washington, D.C. – Today, the U.S. House of Representatives took a big step forward in restoring justice for American families by passing the Forced Arbitration Injustice Repeal Act (H.R. 1423), which would allow regular Americans the right to take a dispute with a company to court. “Forced arbitration clauses give companies who break the law…

Credit Union Regulator Expands High-Cost Loan Program Without Needed Safeguards, Say Consumer Groups

September 20, 2019

For Immediate Release: September 19, 2019 Contacts: National Consumer Law Center: Jan Kruse [email protected] Center for Responsible Lending: Matthew Kravitz [email protected] NCUA votes for changes to Payday Alternative Loan program; while addressing some key concerns of community groups, overall the vote is a step in the wrong direction WASHINGTON, D.C. – Today, the National Credit Union…

More than 200 Organizations Across 50 States and D.C. Call for Strong Consumer Protections on Debt Collection

September 19, 2019

CFPB proposal would allow for more consumer abuse and harassment from debt collection industry Washington, DC – Late yesterday, a coalition of 232 nonprofit organizations from all 50 states and the District of Columbia sent a letter to the Consumer Financial Protection Bureau (CFPB) in response to its proposal that protects abusive debt collectors more than consumers. Instead of giving…

NCLC Attorney Statement Regarding Challenge to Constitutionality of Consumer Financial Protection Bureau Leadership Structure

September 18, 2019

FOR IMMEDIATE RELEASE: September 18, 2019 National Consumer Law Center contacts: Lauren Saunders ([email protected]) or (202) 595-7845; Jan Kruse ([email protected]) or (617) 542-8010 Washington, D.C. – Late yesterday, the Consumer Financial Protection Bureau joined an appeal by the Trump Administration to the U.S. Supreme Court asserting that the agency’s independent leadership structure is a violation…

Elizabeth Cabraser to Receive Consumer Law’s Top Award

September 16, 2019

Boston – The National Consumer Law Center (NCLC) is pleased to announce that Elizabeth J. Cabraser was selected to receive the 2019 Vern Countryman Award, consumer law’s most prestigious award. One of the nation’s most accomplished plaintiffs’ attorneys, Cabraser is a co-founder and partner of Lieff Cabraser Heimann & Bernstein, LLP, one of the country’s…

CFPB to Approve Potentially Risky Fintech Products

September 10, 2019

CFPB finalizes policy that gives companies a private channel to seek approvals of untested new products and a promise that the CFPB will not take action for consumer protection law violations WASHINGTON D.C. — Consumer advocates criticized today’s announcement by the Consumer Financial Protection Bureau that it has finalized policies to give banks, fintech companies,…

Persis Yu to Testify Before U.S. House on Protecting Student Borrowers and Holding Student Loan Servicers Accountable

September 9, 2019

For Immediate Release: Sept. 9, 2019 Boston – On Tuesday, September 10, at 10 a.m. ET, National Consumer Law Center attorney and Director of NCLC’s Student Loan Borrower Assistance Project Persis Yu will testify before the U.S. House of Representatives Committee on Financial Services at the hearing, “A $1.5 Trillion Crisis: Protecting Student Borrowers and…

Consumer Watchdog Files Suit against “Forensic Loan Auditing” Company for Foreclosure Rescue Scam

September 6, 2019

FOR IMMEDIATE RELEASE: September 6, 2019 Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) sued Certified Forensic Loan Auditors. According to the CFPB’s complaint, Certified sold consumers worthless “audits” and other documents that the defendants claimed would help save consumers from mortgage foreclosure. “These so-called loan audits are a scam and a waste…

HUD’s Disaster Relief Changes Will Allow for Faster Relief, But More Flexibility is Still Needed

September 4, 2019

FOR IMMEDIATE RELEASE: September 4, 2019 National Consumer Law Center contacts: Alys Cohen ([email protected]) or Jan Kruse ([email protected]); (617) 542-8010 Boston – As Hurricane Dorian bears down on the U.S., advocates at the National Consumer Law Center (NCLC) applaud U.S. Department of Housing and Urban Development (HUD) for improving programs available to HUD-insured homeowners after…

Education Department Erects New Barriers to Relief for Students Harmed by School Fraud and Closures; Protects For-Profit College Industry at Expense of Students

August 30, 2019

FOR IMMEDIATE RELEASE: August 30, 2019 Education Department Erects New Barriers to Relief for Students Harmed by School Fraud and Closures; Protects For-Profit College Industry at Expense of Students Boston – Today, the U.S. Department of Education (Department) announced new rules that will make it much harder for students who are harmed by illegal school…

FDIC’s New Mortgage Appraisal Rule Ignores Lessons of Great Recession

August 20, 2019

FOR IMMEDIATE RELEASE: August 20, 2019 Washington, D.C. – After a vote today by the Federal Deposit Insurance Commission (FDIC) Board of Directors, banks making home mortgages will no longer need to obtain an appraisal for mortgages under $400,000. With the increased threshold approved by the FDIC today, a total of 72% of home mortgage…

Newsroom

Support NCLC