COVID Relief Archives

CFPB Proposal Would Encourage Unaffordable Mortgage Lending and Threaten Access to Credit

June 22, 2020

Washington, D.C. – Today, the Consumer Financial Protection Bureau released two proposed rules that together will fundamentally reshape the mortgage market at a time when the market is attempting to adjust to the pandemic and recession and access to credit for communities of color is already constrained. “With the country facing the effects of a…

CA Governor May Revise Proposal for a Department of Financial Protection and Innovation (DFPI)

May 27, 2020

A letter in support of the California Department of Financial Protection and Innovation, which is necessary to protect California consumers during the COVID-19 crisis and beyond.

National Consumer Law Center Advocates’ Statement Regarding U.S. House Passage of HEROES Act

May 15, 2020

Washington, D.C. – Today, the U.S. House passed a $3 trillion dollar package in response to the COVID-19 crisis. In the consumer area, the bill provides desperately needed help for families dealing with the economic crisis, beyond the modest start in the previous CARES Act. In particular, the HEROES Act, HR 6800: Provides immensely needed…

NCLC Advocates Praise U.S. House HEROES Act for Giving a Lifeline for Student Loan Borrowers Drowning in Debt

May 14, 2020

The U.S. House has proposed a $3 trillion bill in response to the COVID-19 crisis that will include debt relief for student loan borrowers. The following is a statement by Persis Yu, National Consumer Law Center staff attorney and director of NCLC’s Student Loan Borrower Assistance Project: “We applaud Speaker Pelosi’s leadership in ensuring that…

Letter Supporting the Medical Debt Relief Act

May 11, 2020

Group Letter urging inclusion of S1581/HR 6470: the Medical Debt Relief Act of 2019 in the next COVID-19 relief package

Testimony of Ariel Nelson regarding H.4652, An Act Regarding Decarceration and COVID-19

May 5, 2020

Testimony regarding Bill H.4652, An Act Regarding Decarceration and COVID-19

U.S. Dept. of Education and Secretary DeVos Sued for Illegally Seizing Student Borrowers’ Paychecks During Coronavirus Emergency

May 1, 2020

WASHINGTON – Student Defense and the National Consumer Law Center (NCLC), with the support of the Student Borrower Protection Center (SBPC), filed a class action lawsuit against the U.S. Department of Education and Secretary Betsy DeVos, demanding an immediate halt to the Department’s illegal garnishment of student borrowers’ wages. The Coronavirus Aid, Relief, and Economic…

CFPB Guidance for Mortgage Servicing Transfers Lacks Crucial Consumer Protections, Especially During COVID-19 Crisis

April 27, 2020

Washington—Last Friday, the Consumer Financial Protection Bureau (CFPB) released a document providing supervisory guidance for mortgage servicing transfers. This document, reportedly under development long before the coronavirus pandemic, sets forth best practices for servicing transfers and acknowledges that servicing transfers pose particular risk for borrowers who are behind in their mortgage payments. Yet the document…

Letter to HUD Regarding Comments to Mortgagee Letter 2020-06

April 30, 2020

Organizations comment on HUD’s response to the COVID-19 epidemic and on its implementation of the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act through Mortgagee Letter 2020-06.

Letter Regarding Notice of Proposed Rulemaking, Community Reinvestment Act Regulations

April 8, 2020

Consumer, community, civil rights, housing and other public interest organizations submit these comments in response to the Office of the Comptroller of the Currency (OCC)’s and Federal Deposit Insurance Corporation (FDIC)’s joint Notice of Proposed Rulemaking (NPRM or OCC/FDIC proposal) on the Community Reinvestment Act (CRA) regulations.

Consumer, Banking Groups to Congress: Exempt Economic Impact Payments From Garnishment

April 21, 2020

FOR IMMEDIATE RELEASE: April 21, 2020 National Consumer Law Center contact: Jan Kruse ([email protected]) Washington, D.C. — In a letter to congressional leadership today, consumer and banking industry organizations joined together to urge lawmakers to clarify at the earliest possible opportunity that economic impact payments issued by the federal government in response to the coronavirus pandemic…

Letter to the FCC—Protect Incarcerated People

April 7, 2020

During this unprecedented crisis, the organizations below write on behalf of our country’s most vulnerable people in terms of health and economic stability: incarcerated people and their families and loved ones. During the COVID-19 pandemic incarcerated and detained individuals are being deprived of family visits across the country in conditions that make them uniquely at…

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