Author-NCLC Staff Archives

President Biden’s Order Canceling Federal Student Loan Debt Will Bring Transformational Relief to Millions

August 24, 2022

August 24, 2022 Today, in response to President Biden’s announcement on student debt cancellation, advocates at the National Consumer Law Center issued the following statements: “Today’s announcement of widespread debt cancellation with additional debt relief for those from low-income households promises transformational relief to tens of millions of low-income families and people of color who…

FCC Must Eliminate Financial Incentives, Take Aggressive Action to Stop Dangerous Robocalls

August 18, 2022

August 18, 2022 WASHINGTON – The Federal Communications Commission (FCC) must take swift action to stop telephone service providers from making money by transmitting illegal robocalls to U.S. telephone numbers, according to the National Consumer Law Center (NCLC) and the Electronic Privacy Information Center (EPIC). NCLC and EPIC submitted comments in response to the FCC’s…

Department of Education Provides Long Overdue Debt Relief to ITT Tech, Kaplan Students

August 16, 2022

August 16, 2022 WASHINGTON – National Consumer Law Center advocates applaud the Department of Education’s decision today to discharge $3.9 billion of debt for 208,000 borrowers who attended all ITT Technical Institute campuses between January 1, 2005 and until its closure in 2016 and about 100 borrowers who attended Kaplan Career Institute in Massachusetts. “The…

New Report Finds Incarcerated Federal Student Loan Borrowers Systematically Denied Access to Student Loan Relief

July 27, 2022

July 27, 2022 Impossibility of Navigating Student Loan System While Behind Bars Poses Massive Risks to Administration’s Recent Pell and Fresh Start Proposals WASHINGTON — Today, the Student Borrower Protection Center and National Consumer Law Center released a first-of-its-kind report examining the intersection of two social justice crises long in the making—the student loan debt…

In Evaluating TAB Bank, FDIC Should Consider Consumer Harm, Possible Legal Violations, from Predatory Lending

June 30, 2022

June 30, 2022 On the eve of FDIC’s Community Reinvestment Act examination of TAB Bank, advocates file petition with 44,500+ signatures and analysis of consumer complaints showing deception, debt collection and credit reporting harms from loans up to 189% WASHINGTON – Today a coalition of consumer advocates filed comments with the Federal Deposit Insurance Corporation…

Consumer Advocates Applaud CFPB Rule Affirming States’ Ability to Police Credit

June 28, 2022

June 28, 2022 CFPB Interpretive Rule Clarifies that Scope of Federal Preemption is Narrow and Targeted BOSTON – Today, advocates at the National Consumer Law Center commended the Consumer Financial Protection Bureau for affirming the authority of states to regulate credit bureaus, tenant screening companies, and background check agencies, with only limited restrictions. The CFPB…

50-State Survey: State Predatory Lending Laws Show Significant Changes

June 22, 2022

June 22, 2022 NCLC’s Review of State Consumer Protection Laws Sees States Gaining, Losing Protections for Popular $2,000 Two-Year and $500 Six-Month Installment Loans WASHINGTON – A new report from the National Consumer Law Center finds progress toward a 36% APR cap for common short-term and longer-term loans in some states. In states that allow…

U.S. Consumers Will Save $30 Billion with Proposed Residential Gas Furnace Standards

June 13, 2022

June 13, 2022 Resistance by Gas Utilities Has Not Allowed for a Meaningful Update to Furnace Standards in 35 Years Today, national consumer groups hailed the release of the Department of Energy’s proposal to increase energy efficiency standards for residential furnaces as a crucial step toward saving consumers at least $30.3 billion on their energy…

Student Debt Cancellation Will Help Fix Broken Student Loan System, Close Racial Wealth Gap

June 8, 2022

June 8, 2022 A new report from CLASP and NCLC explores debt cancellation and other measures to reduce the harmful impact of disproportionate student loan debt on Black borrowers WASHINGTON – A new report from the Center for Law and Social Policy (CLASP) and the National Consumer Law Center (NCLC) highlights the disproportionate impact of…

NCLC Advocates Applaud the Department of Education’s Decision To Cancel Corinthian College Students’ Federal Student Loan Debts

June 2, 2022

June 2, 2022 WASHINGTON – Today, the U.S. Department of Education announced that it would cancel the federal student loans of over 560,000 people who attended Heald College, Everest Institute, or WyoTech, schools owned by the shuttered for-profit Corinthian Colleges. Kyra Taylor, staff attorney at the National Consumer Law Center, praised this decision and said:…

New Report Warns Scam Robocalls Will Continue As Long As Telephone Providers Can Rake in the Profits

June 1, 2022

June 1, 2022 Telephone service providers profit from more than a billion scam robocalls a month placed to U.S. telephone subscribers WASHINGTON – A new report from the National Consumer Law Center (NCLC) and the Electronic Privacy Information Center (EPIC) finds that the tens of millions of daily scam robocalls designed to steal money from…

NCLC Statement in Response to Latest Reports on Student Debt Cancellation

May 27, 2022

May 27, 2022 Today, in response to reports that the White House is planning to cancel $10,000 in federal student loan debt per borrower earning less than $150,000, Abby Shafroth, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, issued the following statement: “We urge President Biden to move forward with student…

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