Child Tax Credit Archives

NCLC Advocate Applauds the Biden Administration Extension of the Pause on Federal Student Loan Payments, but More Needs to Be Done

December 22, 2021

December 22, 2021 In response to the Biden Administration extending the pause on federal student loans payment until May 1, 2022, Abby Shafroth, interim director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, issued the following statement: “Today’s announcement means that over the holidays, struggling student loan borrowers will not be forced…

Important Investments in Homeownership and Families in Build Back Better

November 19, 2021

November 19, 2021 President Biden’s Build Back Better Act Passes House, More Must Be Done to Protect Expanded Child Tax Credits WASHINGTON – Consumer advocates today praised the House passage of the Build Back Better Act. Along with the extension of the expanded Child Tax Credit and other big ticket items, the bill also includes…

SBPC and NCLC Warn Education Department that Delaying “Operation Fresh Start” Will Deny Promised COVID-19 Protections to Millions of Student Loan Borrowers in Default

October 19, 2021

October 19, 2021 WASHINGTON — Today, the Student Borrower Protection Center and the National Consumer Law Center released the following statements in response to press reports that the U.S. Department of Education is weighing but has not yet taken steps to protect millions of struggling federal student loan borrowers from the harsh consequences of default…

Statement of NCLC's Persis Yu Regarding Extension of Student Loan Payment Pause Until 2022

August 6, 2021

FOR IMMEDIATE RELEASE: August 6, 2021 Statement of Persis Yu, the director of National Consumer Law Center’s Student Loan Borrower Assistance Project, in response to announcement that the student loan payment suspension has been extended until January 31, 2022. Washington, D.C. – “Borrowers are collectively taking a huge sigh of relief at the news that…

Advocates Applaud Maine Legislature’s Passage of Bill to Protect Basic Necessities from Garnishment by Debt Collectors

July 1, 2021

Consumer advocates applaud the passage of LD 737, An Act To Increase the Value of Property Exempt from Attachment and Execution. The bill expands minimum protections of basic needs from garnishment by debt collectors. In addition to expanding protections for family homes and vehicles, the bill provides protection for up to $3,000 in consumers’ bank…

Statement on Education Department’s Appointment of Richard Cordray to Oversee Trillion Dollar Federal Student Aid

May 4, 2021

FOR IMMEDIATE RELEASE: MAY 4, 2021 Washington, D.C. – The U.S. Department of Education has appointed Richard Cordray, former director of the Consumer Financial Protection Bureau and Ohio Attorney General, as Chief Operating Officer of the Department’s Federal Student Aid, which oversees $1.6 trillion in outstanding federally-backed student loans held by more than 45 million…

Advocates Applaud Passage of $1.9 Trillion COVID-19 Economic Stimulus to Help Americans but Congress Must Ensure EIPs Feed Families, Not Debt Collectors

March 10, 2021

FOR IMMEDIATE RELEASE: MARCH 10, 2021 Washington, D.C. – Advocates at the National Consumer Law Center praised Congress for passing the $1.9 trillion American Rescue Plan Act of 2021 to help struggling families. But they noted that more needs to be done, especially to address the immediate risk, if Congress does not act quickly, that…

Report: Vulnerable Taxpayers Can Expect Higher Costs for Tax Preparation Services During the COVID Economic Crisis; Missing Stimulus Payments Can Be Claimed through Tax Returns

February 11, 2021

FOR IMMEDIATE RELEASE: February 11, 2021 Download the report at: http://bit.ly/2021-tax-season Boston ― Tax season kicks off on February 12, several weeks later than usual. Today, the National Consumer Law Center (NCLC) issued its annual advisory on taxpayer consumer protection issues and warned that consumers need to be on guard as they navigate the tax…

Important Wins, but Unmet Needs, in New Stimulus Package

December 22, 2020

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…

Report: Student Loan Borrowers Teetering on the Edge of Catastrophe after Having Tax Refunds Seized

July 15, 2020

FOR IMMEDIATE RELEASE: JULY 15, 2020 Congress Must Act to Stop Snatching of Earned Income Tax Credits Boston – This Tax Day, the National Consumer Law Center (NCLC) has released Voices of Despair: How Seizing the EITC Is Leaving Student Loan Borrowers Homeless and Hopeless During a Pandemic. The updated report builds on a 2018…

U.S. General Accountability Office Report Misses the Mark on Income-Driven Repayment Plans

July 25, 2019

FOR IMMEDIATE RELEASE: July 25, 2019 BOSTON- Today, the U.S. Government Accountability Office (GAO) released a report on the Department of Education’s process for verifying income and family size when determining income-driven repayment amounts. For student loan borrowers struggling to repay their loans, income-driven repayment (IDR) plans are a lifeline that helps millions of people stay…

2019 Tax Filing Season: More Questions than Answers

February 14, 2019

FOR IMMEDIATE RELEASE: January 28, 2019 BOSTON ― As the potentially chaotic tax filing season officially begins today after a protracted government shutdown, advocates from the National Consumer Law Center issued their annual consumer advisory on taxpayer consumer protection issues. These include: • Refund delays likely to be exacerbated by the shutdown. Low-income taxpayers were…

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