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Broad Coalition Rebukes Trump-appointed CFPB Director’s Plan to Gut Payday Loan Rule

May 17, 2019

FOR IMMEDIATE RELEASE: May 17, 2019 CFPB is required to consider comments on its plan, which would eliminate protections from 300% APR payday loan debt traps House Oversight and Reform subcommittee hearing held on the proposal WASHINGTON, D.C. – The National Consumer Law Center (NCLC), as part of a coalition of civil rights, consumer, and…

Consumer Watchdog’s Proposed Debt Collection Rule Bites Consumers: Authorizes Harassment by Debt Collectors

May 7, 2019

FOR IMMEDIATE RELEASE: May 7, 2019 Consumer Watchdog’s Proposed Debt Collection Rule Bites Consumers: Authorizes Harassment by Debt Collectors Washington – The Consumer Financial Protection Bureau (CFPB) released a proposed debt collection rule today which provides numerous gifts to debt collectors with limited new protections for consumers. “We are horrified that the CFPB’s proposed rule will actually…

Advocates Applaud CFPB for Suing Firms Accused of Illegally Taking Upfront Fees for Credit Repair Services

May 3, 2019

Advocates Applaud CFPB for Suing Firms Accused of Illegally Taking Upfront Fees for Credit Repair Services WASHINGTON– Advocates at the National Consumer Law Center applaud the Consumer Financial Protection Bureau’s (CFPB) legal action against Lexington Law and several internet-based marketers (PGX Holdings Inc. and subsidiaries Progrexion Marketing Inc., Progrexion Teleservices Inc., eFolks LLC, and CreditRepair.com…

Department of Energy Rollback of Light Bulb Standards Will Cost Consumer Millions

The Consumer Federation of America (CFA) and National Consumer Law Center (NCLC) called on the U.S. Department of Energy (DOE) to immediately abandon its proposal to roll back the lighting efficiency standards adopted in January 2017.

Report Documents Racial and Ethnic Disparities in Auto Sales and Finance; NCLC Attorney to Testify at U.S. House Committee Hearing

April 30, 2019

FOR IMMEDIATE RELEASE: APRIL 30, 2019 Download the report, including ten charts, at: http://bit.ly/2PFsA9b National Consumer Law Center attorney John W. Van Alst testimony will be available at 10 a.m. ET on Wednesday, May 1: http://bit.ly/2V2Tb6h Boston – For many in America, a car provides not only physical mobility but also economic mobility. Yet a…

National Consumer Law Center Attorney Margot Saunders Will Testify at U.S. House Hearing on Legislating to Stop the Onslaught of Annoying Robocalls

April 30, 2019

FOR IMMEDIATE RELEASE: April 30, 2019 U.S. on Track to Hit 60 Billion Robocalls in 2019 Full written testimony of National Consumer Law Center Senior Counsel Margot Saunders is available at: http://bit.ly/2UIVXIM Washington – On Tuesday, April 30 at 10:00 am ET, the U.S. House Committee on Energy and Commerce subcommittee on Communications and Technology…

Court Decision Signals End of Faux Tribal Payday Lending

April 24, 2019

FOR IMMEDIATE RELEASE: APRIL 24, 2019 Court Decision Signals End of Faux Tribal Payday Lending Washington – The Second Circuit Court of Appeals in a decision today against Think Finance and the officers of Plain Green Loans has made crystal clear that online tribal payday lenders must comply with state interest rate limits, licensing laws…

Report: Defaulted Federal Student Loan Borrowers in Communities of Color Are Disproportionately Sued

April 24, 2019

FOR IMMEDIATE RELEASE: APRIL 24, 2019 Download the full report: http://bit.ly/2vj2uzz Boston — Today, the National Consumer Law Center released a report which paints a troubling picture of the efforts by the U.S. Departments of Education and Justice to pursue defaulted student loan borrowers through litigation. “Lamentably, the evidence suggests that communities of color are…

National Consumer Law Center Sues U.S. Education Department to Obtain Copy of Student Loan Servicing Contract

April 18, 2019

FOR IMMEDIATE RELEASE: APRIL 18, 2019 Boston – The National Consumer Law Center (NCLC) filed a federal lawsuit late yesterday against the U.S. Department of Education (ED), asking the court to compel the Department to comply with a Freedom of Information Act (FOIA) request submitted by NCLC on July 17, 2018. NCLC is seeking the release of ED’s contract…

NCLC Attorney Margot Saunders to Testify at U.S. Senate Hearing on Stopping Illegal Robocalls on April 11; Will Urge FCC to Strengthen Key Federal Privacy Law

April 11, 2019

FOR IMMEDIATE RELEASE: April 11, 2019 NCLC Attorney Margot Saunders to Testify at U.S. Senate Hearing on Stopping Illegal Robocalls on April 11; Will Urge FCC to Strengthen Key Federal Privacy Law Robocalls increase 370% since Dec. 2015 with 5.2 billion robocalls in March 2019 Full written testimony of National Consumer Law Center Senior Counsel…

New Tax-Time Report: The Return of the Interest-Bearing Refund Anticipation Loan and other Perils Faced by Consumers

April 3, 2019

FOR IMMEDIATE RELEASE: April 3, 2019 Download the full report at: http://bit.ly/2TSpEGK Boston – Tax time, typically a time for a substantial influx of funds for American consumers in the form of their refunds, was transformed into a time of uncertainty and drastic change this year, as documented in the National Consumer Law Center’s report…

New Protections for Prepaid Accounts

March 28, 2019

Download issue briefs summarizing protections for prepaid cards and accounts, payroll cards, and government benefit prepaid cards at https://www.nclc.org/issues/prepaid-debit-cards.html. (WASHINGTON) A new rule issued by the Consumer Financial Protection Bureau (CFPB) goes into effect April 1 providing protections for prepaid cards, payroll cards, government benefit cards, and certain mobile and online person-to-person payment services. “Consumers…

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