These are NCLC’s comments supporting a proposed rule by the Consumer Financial Protection Bureau to regulate certain data brokers as “consumer reporting agencies” under the Fair Credit Reporting Act. The proposed rule:
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This large coalition letter requests that Members of Congress protect higher education and student loan borrower funding during the reconciliation process.
Debt settlement doesn’t work. It hurts people in debt. And it hurts businesses too. This document lists the many reasons why consumers should avoid debt settlement companies and why state legislators should do more to restrict it.
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NCLC joined an amicus brief authored by Schnapper-Casteras PLLC with AARP, PJ, AAJ, the Impact Fund, NELA, and DRA in support of the Respondents in this case before the U.S. Supreme Court, which argues that putative class members are not required to each prove that they have Article III standing before a class is certified.
Read More about Amicus Brief: Laboratory Corporation of American Holdings v. Davis
More than 13 million people rely on Income-Driven Repayment (IDR) plans to repay their federal student loans. IDR plans provide borrowers who cannot afford standard, fixed payments with an alternative way to repay based on their income and family size and to become student debt-free by making up to 25 years of payments.
Parent PLUS loans are federal loans made to parents to help pay for their children’s college education. There are currently over 3.6 million people with Parent PLUS loans. A significant portion of today’s parent borrowers are very low-income and are struggling with repayment. Currently, they can access lower payments to help avoid distress and default…