Military and Veterans Archives

New VA Program to Provide Home Loan Assistance to Active-Duty Servicemembers and Veterans

April 10, 2024

The U.S. Department of Veterans Affairs' VA Servicing Purchase (VASP) program will help VA borrowers facing financial hardships avoid unnecessary foreclosures.

TAB Bank and EasyPay Finance’s Predatory Loans Harm Veterans and Servicemembers

May 25, 2022

May 25, 2022 Military servicemembers, veterans, and their families report outrageously high interest rates and deceptive lending practices WASHINGTON – The predatory lending practices of EasyPay Finance and Utah-based, FDIC-supervised Transportation Alliance Bank (TAB Bank) are hurting military servicemembers, veterans, and their families, according to a new report from a coalition of consumer advocacy groups…

President Biden’s Announcement on Veterans' Medical Debt Will Lift a Burden from Veteran Families

March 1, 2022

Administration Removes Barriers to Cancelation of VA Medical Debt WASHINGTON – In tonight’s State of the Union Address, President Biden may speak on today’s announcement that the Veterans’ Administration (VA) will simplify the process for claiming medical debt forgiveness for veterans. Advocates at the National Consumer Law Center (NCLC) issued the following statements: “Administrative mazes…

Advocates Applaud VA Rule to Dramatically Reduce Unfavorable Debt on Veterans’ Credit Reports

February 2, 2022

February 2, 2022 Rule establishes new minimum requirements for reporting medical debt and debt resulting from overpayment of benefits WASHINGTON – In response to today’s announcement by the Department of Veterans Affairs (VA) that it has published a final rule in the Federal Register amending procedures for reporting debt to consumer reporting agencies, advocates at…

New Bank Regulator Leadership Welcome; Congress Still Must Roll Back Rule Promoting Predatory Lending

May 5, 2021

For Immediate Release: May 5, 2021 Washington, DC – Advocates welcomed reports that Treasury Secretary Janet Yellen plans to appoint a new acting head of the Office of the Comptroller of the Currency (OCC), replacing Blake Paulson, in light of the highly deceptive and false claims that the agency, under Paulson’s leadership, put forward as…

Advocates Decry Congress’s Failure to Protect Student Loan Borrowers and Taxpayers from School Fraud and Closures

June 26, 2020

FOR IMMEDIATE RELEASE: June 26, 2020 National Consumer Law Center contact: Jan Kruse ([email protected]) Boston – National Consumer Law Center advocates are extremely disappointed that today Congress failed to override President Trump’s veto of Congress’s prior bipartisan vote to protect federal student loan borrowers by striking down the Department of Education’s new borrower defense regulations. The…

Advocates Urge President Trump to Join Congress in Restoring Rule to Protect Student Loan Borrowers from School Fraud and Closures

May 20, 2020

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: Jan Kruse ([email protected]) or Abby Shafroth ([email protected]) Boston – National Consumer Law Center advocates urge President Trump to join with Congress in protecting student loan borrowers hurt by school fraud and closures by signing into law the bipartisan joint resolution preserving existing borrower defense…

Advocates Applaud Senate Vote to Restore Rule to Protect Borrowers from School Fraud and Closures

March 11, 2020

Boston – Today, National Consumer Law Center advocates applauded the U.S. Senate’s bipartisan use of the Congressional Review Act to block the 2019 Borrower Defense to Repayment rule from going into effect and to preserve the existing rules protecting borrowers from school fraud and closures. The vote was 53 – 42. “We are cheered to…

Cruel Cuts for Struggling Families in the President’s Proposed FY21 Budget

February 10, 2020

Trump again calls for elimination of Legal Services Corp and home energy assistance; supports drastic cuts and changes to weaken the Consumer Financial Protection Bureau Washington – President Trump’s proposed budget once again seeks to eliminate funding for programs that have bipartisan support and help rural households, elders, struggling families and veterans, according to advocates at the National Consumer Law…

Advocates Condemn U.S. Department of Education Delays on Student Debt Relief for Disabled Veterans

November 22, 2019

FOR IMMEDIATE RELEASE: November 22, 2019 National Consumer Law Center Contacts: Jan Kruse ([email protected]) or Persis Yu ([email protected]) or (617) 542-8010 Boston – Advocates at the National Consumer Law Center (NCLC) condemned news that the U.S. Department of Education (Department) is delaying its plans to automatically forgive federal student loan debt for totally and permanently…

Advocates Applaud Bill to Cap Interest Rates at 36%

November 12, 2019

Washington, D.C. – Advocates at the National Consumer Law Center (NCLC) applauded today’s introduction in Congress of a bill to cap interest rates nationwide at 36%, including fees, which NCLC is supporting on behalf of its low-income clients. “It is fitting that as we celebrate Veterans’ Day that we honor our veterans by extending to…

All

Support NCLC