Debt Collection Archives

Final Debt Collection Rule: Part 2

January 7, 2022

The Consumer Financial Protection Bureau finalized part two of its debt collection rules on December 18th. This webinar summarizes those rules. PowerPoint presentation

Watch Recording Read More about Final Debt Collection Rule: Part 2

The CFPB Must Issue Emergency Guidance on Debt Collection During the Pandemic

December 1, 2020

Job losses and reduced hours from the coronavirus pandemic have hit families hard, with millions struggling to pay their bills and communities of color hit hardest. Millions of consumers will face increased collection efforts and collection lawsuits in the months ahead.

CFPB’s Debt Collection Rule Misses Critical Opportunities to Protect Consumers

December 18, 2020

FOR IMMEDIATE RELEASE: December 18, 2020 Nearly One-Third of U.S. Adults with a Credit Report Have Debt in Collection WASHINGTON, D.C. – The National Consumer Law Center, on behalf of its low income clients, along with Americans for Financial Reform Education Fund, Consumer Federation of America, and the National Association of Consumer Advocates, expressed disappointment…

New NCLC, CRL Report Proposes Roadmap for Student Borrowers to Survive the COVID Debt Crisis

November 23, 2020

FOR IMMEDIATE RELEASE: November 23, 2020 WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) released a policy report illustrating a path out of the student debt crisis and proposing solutions for a more equitable and efficient higher education system. Road to Relief: Supporting Federal Student Loan…

Final Debt Collection Rule: Part 1

November 6, 2020

The Consumer Financial Protection Bureau finalized part two of its debt collection rules on December 18th. This webinar summarizes those rules. PowerPoint presentation

Watch Recording Read More about Final Debt Collection Rule: Part 1

CFPB Debt Collection Rule a Mixed Bag for Consumers

October 30, 2020

FOR IMMEDIATE RELEASE: October 30, 2020 One-Third of U.S. Adults with a Credit Report Have Debt in Collection Washington, D.C. – The National Consumer Law Center, on behalf of its low income clients, Americans for Financial Reform Education Fund, Center for Responsible Lending, Consumer Federation of America, and the National Association of Consumer Advocates, expressed…

Report: Which States Put Families at Risk of Poverty During the Covid Crisis?

October 29, 2020

FOR IMMEDIATE RELEASE: OCTOBER 29, 2020 Boston – As millions of families suffer job loss or struggle to pay bills during COVID-19, states have an important role in protecting them from seizure of essential wages and property to pay old debts. A new state survey from the National Consumer Law Center finds that not one jurisdiction’s laws…

CFPB Proposal Allows Abusive “Zombie” Debt Collection to Continue

August 4, 2020

FOR IMMEDIATE RELEASE: AUGUST 4, 2020 Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) should withdraw its supplemental proposed rule on disclosures and instead completely ban all collection of time-barred “zombie” debt, both in and out of court, wrote the National Consumer Law Center (NCLC) in comments submitted today on behalf of its low…

Fact Sheet: Debt Collection in the States and D.C.

Consumer complaints and share of population with a debt in collection In 2019, 68 million Americans had one or more debts in collection on their credit reports. A debt in collection can wreak havoc on consumers, subjecting them to harassing debt collection calls, negative credit reporting, and potential lawsuits. This chart ranks the 50 states…

Letter to CA Governor Newsom Regarding Prohibiting Garnishment of Stimulus Payments

April 10, 2020

Advocates' letter to California governor urging a halt to bank account garnishments and/or debt collection.

U.S. Treasury Must Protect Stimulus Payments From Garnishment by Debt Collectors

April 1, 2020

FOR IMMEDIATE RELEASE: APRIL 1, 2020 National Consumer Law Center contact: Jan Kruse ([email protected]) Washington, D.C. – The U.S. Department of the Treasury must act immediately to ensure that the stimulus payments about to go out to millions of Americans are available for food and necessities and are not grabbed by debt collectors, according to…

Testimony on House Bill 5427

March 10, 2020

Written testimony regarding §§ 1, 2 and 3 of H.B. 5427, an Act Concerning Issues Relating to Debt Collection

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