S1310/A4598 Will Harm NJ Consumers
S1310/A4598 will hurt New Jersey consumers by legalizing debt adjustment, also known as debt settlement. Debt adjustment is one of the worst options for people in debt.
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NCLC Comments to CFPB Proposed Rule to Regulate Data Brokers under the FCRA
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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Letter to Members of Congress to Protect Protections and Relief Programs for Student Loan Borrower
This large coalition letter requests that Members of Congress protect higher education and student loan borrower funding during the reconciliation process.
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Why Debt Settlement is Bad for People in Debt
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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Amicus Brief: Laboratory Corporation of American Holdings v. Davis
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.
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Repay or Die Trying: Proposal to Eliminate Income-Driven Repayment (IDR) Plans Threatens to Swell Ranks of Older Adults Struggling with Student Debt
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.