FOR IMMEDIATE RELEASE: January 11, 2020 Action Center on Race and the Economy, American Federation of Teachers, Americans for Financial Reform, the Center for Law and Social Policy (CLASP), the Center for Responsible Lending, NAACP, National Consumer Law Center (on behalf of its low-income clients), Student Debt Crisis, and Young Invincibles made the following statement: …
FOR IMMEDIATE RELEASE: January 4, 2021 Washington, D.C. – On December 30, 2020, the Federal Communications Commission issued an order that will significantly reduce invasive and unwanted calls made with a prerecorded or artificial voice to landline phones. The changes, effective June 30, 2021, are made through new rules which will be fully enforceable under…
Read More about FCC Issues Order Limiting Invasive Robocalls to Landline Phones
FOR IMMEDIATE RELEASE: December 22, 2020 Advocates argue that the OCC letter issued late Friday will not save the OCC rule that facilitates usurious loans with interest rates that are higher than what state laws allow WASHINGTON, D.C. – Several civil rights and consumer groups filed an amicus brief in support of the attorneys general…
New stimulus checks, broadband access and rental aid welcome, but foreclosure and student loan relief absent WASHINGTON, DC – Advocates welcomed the new stimulus bill passed by Congress last night, but warned that it has critical gaps that should be immediately filled by the incoming Biden Administration. “The new $600 stimulus payment, broadband aid, low-income…
Read More about Important Wins, but Unmet Needs, in New Stimulus Package
FOR IMMEDIATE RELEASE: December 18, 2020 Nearly One-Third of U.S. Adults with a Credit Report Have Debt in Collection WASHINGTON, D.C. – The National Consumer Law Center, on behalf of its low income clients, along with Americans for Financial Reform Education Fund, Consumer Federation of America, and the National Association of Consumer Advocates, expressed disappointment…
Read More about CFPB’s Debt Collection Rule Misses Critical Opportunities to Protect Consumers
FOR IMMEDIATE RELEASE: December 15, 2020 FDIC rule makes it easier for lenders to exploit more financially vulnerable families WASHINGTON, D.C. – Today, the Federal Deposit Insurance Corporation (FDIC) approved a new final rule to facilitate chartering additional under-regulated Industrial Loan Companies (ILCs). The FDIC rule will encourage non-bank companies to acquire banks or seek…
FOR IMMEDIATE RELEASE: December 10, 2020 Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB or Bureau) released two final rules revising the standards for determining a borrower’s ability to repay a mortgage and further limiting lender liability despite the lessons of the previous financial crisis, which led to millions of unnecessary foreclosures. By…
FOR IMMEDIATE RELEASE: Dec. 7, 2020 Washington, D.C. – Tomorrow, the U.S. Supreme Court is scheduled to hear oral arguments in Facebook v Duguid. The Court’s decision, expected by next spring, could either uphold Americans’ right to stop unwanted robocalls and robotexts to their cell phones or render the phones useless by making many invasive autodialed…
FOR IMMEDIATE RELEASE: November 23, 2020 WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) released a policy report illustrating a path out of the student debt crisis and proposing solutions for a more equitable and efficient higher education system. Road to Relief: Supporting Federal Student Loan…
Consumer Impact is a biannual publication of the National Consumer Law Center to inform our supporters about NCLC’s advocacy.
FOR IMMEDIATE RELEASE: October 30, 2020 One-Third of U.S. Adults with a Credit Report Have Debt in Collection Washington, D.C. – The National Consumer Law Center, on behalf of its low income clients, Americans for Financial Reform Education Fund, Center for Responsible Lending, Consumer Federation of America, and the National Association of Consumer Advocates, expressed…
Read More about CFPB Debt Collection Rule a Mixed Bag for Consumers
FOR IMMEDIATE RELEASE: OCTOBER 29, 2020 Boston – As millions of families suffer job loss or struggle to pay bills during COVID-19, states have an important role in protecting them from seizure of essential wages and property to pay old debts. A new state survey from the National Consumer Law Center finds that not one jurisdiction’s laws…
Read More about Report: Which States Put Families at Risk of Poverty During the Covid Crisis?
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate