New VA Program to Provide Home Loan Assistance to Active-Duty Servicemembers and Veterans
The U.S. Department of Veterans Affairs' VA Servicing Purchase (VASP) program will help VA borrowers facing financial hardships avoid unnecessary foreclosures.
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TAB Bank and EasyPay Finance’s Predatory Loans Harm Veterans and Servicemembers
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…
Read More about TAB Bank and EasyPay Finance’s Predatory Loans Harm Veterans and Servicemembers
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President Biden’s Announcement on Veterans' Medical Debt Will Lift a Burden from Veteran Families
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…
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Advocates Applaud VA Rule to Dramatically Reduce Unfavorable Debt on Veterans’ Credit Reports
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…
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New Bank Regulator Leadership Welcome; Congress Still Must Roll Back Rule Promoting Predatory Lending
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…
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Advocates Decry Congress’s Failure to Protect Student Loan Borrowers and Taxpayers from School Fraud and Closures
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…
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