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Statement of National Consumer Law Center’s Persis Yu Regarding Report on U.S. Department of Education’s Sweetheart Deal for Loan Servicers

February 14, 2019

BOSTON – The following statement is by Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project in response to the new report by the U.S. Department of Education’s Office of Inspector General, Federal Student Aid: Additional Actions Needed to Mitigate the Risk of Servicer Noncompliance with Requirements for Servicing Federally…

Statement on CFPB Sandbox Proposal

February 12, 2019

FOR IMMEDIATE RELEASE: February 12, 2019 A group of 80 consumer, civil rights, legal services, labor, environmental, and community groups today expressed their strong opposition to the proposed changes to the Consumer Financial Protection Bureau’s no-action letter policy and its proposed product sandbox. A copy of the coalition letter can be found here. Several national…

The Dark Side of Payroll Withholding to Repay Student Loans

February 11, 2019

FOR IMMEDIATE RELEASE: February 11, 2019 BOSTON – Last week, U.S. Senate Committee on Health, Education, Labor and Pensions Chair Lamar Alexander proposed a program that would require student loan borrowers to repay their loans through mandatory automatic deductions from their paychecks. The National Consumer Law Center released a policy brief, The Dark Side of…

Report: Unpublished FTC Data about Debt Collection Complaints Shed Light on Reported Law Violations by Collectors

February 7, 2019

FOR IMMEDIATE RELEASE: February 7, 2019 National Consumer Law Center Report Analyzes Nearly 700,000 Consumer Complaints from 2017 for 50 States, District of Columbia, and Puerto Rico Download the full report and access debt collection fact sheets (national, state, and District of Columbia) a map of the number of complaints per capita in each state,…

Consumer Financial Protection Bureau Guts Rule to Rein in High-Cost Short-Term Loans

February 14, 2019

FOR IMMEDIATE RELEASE: February 6, 2019 New Rule Proposal, If Finalized, Will Likely Face a Legal Challenge WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) under the leadership of new director Kathy Kraninger has proposed to largely repeal a common-sense rule that was scheduled to go into effect later this year that would…

Legislation to Shut Down Unwanted Robocalls Reintroduced

February 4, 2019

FOR IMMEDIATE RELEASE: February 4, 2019 The “Stopping Bad Robocalls Act” would reinforce decades-old consumer protections from robocalls WASHINGTON – Consumer advocates at the National Consumer Law Center applaud Congressman Frank Pallone (D-NJ-6) for reintroducing the “Stopping Bad Robocalls Act,” a bill to clarify significant sections of the Telephone Consumer Protection Act (TCPA). Congressman Pallone…

Insurance Companies Conspired to Inflate Bail Bond Premiums Contends Lawsuit Brought by Lieff Cabraser, National Consumer Law Center and Other Public Interest Groups

February 14, 2019

FOR IMMEDIATE RELEASE: January 30, 2019 Suit filed on behalf of thousands of Californians alleges conspiracy in the bail industry to fix prices and inflate bail bond premiums, making it more difficult for people to afford bail SAN FRANCISCO — In a first-of-its-kind class action lawsuit filed yesterday in California Superior Court, the law firm…

2019 Tax Filing Season: More Questions than Answers

February 14, 2019

FOR IMMEDIATE RELEASE: January 28, 2019 BOSTON ― As the potentially chaotic tax filing season officially begins today after a protracted government shutdown, advocates from the National Consumer Law Center issued their annual consumer advisory on taxpayer consumer protection issues. These include: • Refund delays likely to be exacerbated by the shutdown. Low-income taxpayers were…

Advocates Applaud Senate Bill to Boost Energy Security for Low-Income Families Across the United States

February 14, 2019

For Immediate Release: JANUARY 23, 2019 Washington, D.C. – U.S. Senators Shaheen (D-NH), Collins (R-ME), Coons (D-DE), and Reed (D-RI) introduced bipartisan legislation that would prevent undue delay in distributing grants through the Weatherization Assistance Program (WAP) and the State Energy Program (SEP), providing stability to state agencies and local partners that rely on these…

Civil Rights and Consumer Groups Implore the FDIC to Say No to Bank Payday Loans and Rent-a-Bank Payday Lending

February 14, 2019

FOR IMMEDIATE RELEASE: January 23, 2019 Washington, D.C. – In comments submitted late yesterday, national civil rights and consumer nonprofits urged the Federal Deposit Insurance Corporation (FDIC) not to sanction high-cost loans made by banks directly or through rent-a-bank partnerships with payday lenders. The comments were sent by the National Consumer Law Center, the Center…

How the Government Shutdown Puts Working Families at Risk

January 17, 2019

FOR IMMEDIATE RELEASE: JANUARY 23, 2019 National Consumer Law Center contact: Jan Kruse ([email protected]) or (617) 542-8010 Washington, D.C. – As the longest federal government shutdown in our nation’s history drags on, attorneys at the National Consumer Law Center (NCLC) raised concern as to how working families could potentially be harmed long after the government reopens…

Consumer Groups Urge Action on Bipartisan Legislation to Stop Misleading “Spoofed” Robocalls

January 17, 2019

WASHINGTON, DC — A bipartisan bill reintroduced today in the Senate will address the growing problem of “spoofed” robocalls that use fraudulent caller identification information to disguise the caller’s true identity. Led by Senators Thune (R-S.D.) and Markey (D-Mass.), the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act (S. 151) would direct the Federal…

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