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…
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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,…
Read More about CFPB to Approve Potentially Risky Fintech Products
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…
Read More about FDIC’s New Mortgage Appraisal Rule Ignores Lessons of Great Recession
News release for California District Attorneys Settlement with PACE program administrator Renovate America.
FOR IMMEDIATE RELEASE: JULY 17, 2019 Washington, D.C. – Today, the U.S. House Committee on Energy and Commerce passed unanimously (48-0) the Stopping Bad Robocalls Act (HR 3375). The bipartisan bill was introduced in June by Rep. Frank Pallone (D-NJ) and Rep. Greg Walden (R-OR), chair and ranking member, respectively, of the U.S. House Committee on Energy and…
Read More about Bipartisan House Bill Moves Forward in the Fight to Stop Unwanted Robocalls
FOR IMMEDIATE RELEASE: July 2, 2019 “More, not less, comprehensive reform of unfair and abusive overdraft fee practices is badly needed.” “Overdraft fees are unfair, deceptive, harmful, and outrageously high—and they hit consumers of color the hardest” WASHINGTON, D.C. – The Center for Responsible Lending (CRL), National Consumer Law Center (on behalf of its low-income…
FOR IMMEDIATE RELEASE: June 11, 2019 Washington, D.C.- The parties listed below make the following joint statement regarding the Notice of Proposed Rulemaking (NPRM) issued by the Federal Communications Commission proposing to place a cap on the federal Universal Service Fund (USF): “When Congress codified the concept of universal service by enacting the Telecommunications Act…
Read More about Nearly 50 Organizations Oppose FCC Proposed Cap on Universal Service Fund
FOR IMMEDIATE RELEASE: June 11, 2019 Letters come after news that regulators pursuing joint small-dollar policy; Growing concern that several Administration appointees may be giving green light for predatory loans WASHINGTON, D.C. – Today, the National Consumer Law Center (NCLC) joined a coalition of national civil rights and consumer groups in writing to top banking…
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…
Read More about Broad Coalition Rebukes Trump-appointed CFPB Director’s Plan to Gut Payday Loan Rule
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.
Read More about Department of Energy Rollback of Light Bulb Standards Will Cost Consumer Millions
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…
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…
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