About Michelle Deakin

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So far Michelle Deakin has created 220 blog entries.

Advocates Call for Continued Pause on Student Loan Payments As Families Face Record Inflation and Biden Weighs Action to Cancel Student Debt

2022-06-30T13:25:07-05:00June 30, 2022|Categories: Media Center|Tags: , |

June 30, 2022 176 Organizations Representing Students, Workers, People of Color, and Faith Communities Demand: “People with Student Debt Cannot be Required to Make Payments Toward Loans You Promised to Cancel.” WASHINGTON, D.C. — Today, 176 organizations called on President Biden to extend the pause on federal student loan payments for tens of millions of borrowers [...]

In Evaluating TAB Bank, FDIC Should Consider Consumer Harm, Possible Legal Violations, from Predatory Lending

2022-06-30T10:08:56-05:00June 30, 2022|Categories: Media Center|Tags: |

June 30, 2022 On the eve of FDIC’s Community Reinvestment Act examination of TAB Bank, advocates file petition with 44,500+ signatures and analysis of consumer complaints showing deception, debt collection and credit reporting harms from loans up to 189% WASHINGTON – Today a coalition of consumer advocates filed comments with the Federal Deposit Insurance Corporation [...]

Consumer Advocates Applaud CFPB Rule Affirming States’ Ability to Police Credit

2022-06-28T13:03:30-05:00June 28, 2022|Categories: Media Center|Tags: |

 June 28, 2022 CFPB Interpretive Rule Clarifies that Scope of Federal Preemption is Narrow and Targeted BOSTON – Today, advocates at the National Consumer Law Center commended the Consumer Financial Protection Bureau for affirming the authority of states to regulate credit bureaus, tenant screening companies, and background check agencies, with only limited restrictions. The CFPB [...]

NCLC Advocates Praise Proposed Settlement in Sweet v. Cardona

2022-06-23T12:09:04-05:00June 23, 2022|Categories: Media Center|Tags: |

June 23, 2022 Settlement may restore faith in borrower defense process, though barriers to relief remain  WASHINGTON – Today advocates from the National Consumer Law Center applauded the proposed settlement agreement in the class action lawsuit Sweet v. Cardona, which challenged the U.S. Department of Education’s failure to provide timely decisions on borrower defense applications [...]

50-State Survey: State Predatory Lending Laws Show Significant Changes

2022-06-22T09:01:18-05:00June 22, 2022|Categories: Media Center, Uncategorized|

June 22, 2022 NCLC’s Review of State Consumer Protection Laws Sees States Gaining, Losing Protections for Popular $2,000 Two-Year and $500 Six-Month Installment Loans  WASHINGTON – A new report from the National Consumer Law Center finds progress toward a 36% APR cap for common short-term and longer-term loans in some states. In states that allow [...]

NCLC Advocates Applaud the Department of Education’s Decision To Cancel Corinthian College Students’ Federal Student Loan Debts

2022-06-02T08:16:46-05:00June 2, 2022|Categories: Media Center|Tags: |

June 2, 2022 WASHINGTON – Today, the U.S. Department of Education announced that it would cancel the federal student loans of over 560,000 people who attended Heald College, Everest Institute, or WyoTech, schools owned by the shuttered for-profit Corinthian Colleges.  Kyra Taylor, staff attorney at the National Consumer Law Center, praised this decision and said: [...]

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

2022-03-01T16:47:19-05:00March 1, 2022|Categories: Media Center|

FOR IMMEDIATE RELEASE: March 1, 2022 Contact: National Consumer Law Center, Jan Kruse (jkruse@nclc.org) 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. [...]

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

2021-12-27T11:59:17-05:00December 22, 2021|Categories: Media Center|

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 [...]

Broad Coalition Urges CFPB To Examine FINTECH Credit Products and Fee Models

2021-12-27T12:00:27-05:00December 21, 2021|Categories: Media Center|

December 21, 2021 79 Groups Ask CFPB to Provide Much Needed Oversight for Emerging Credit Products The Consumer Federation of America, Center for Responsible Lending, National Consumer Law Center,  Student Borrower Protection Center, and 75 additional organizations called for Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra to carefully examine fintech credit products and fee [...]

CFPB Must Protect Consumers From Fraud in Payment Systems

2021-12-27T12:02:12-05:00December 21, 2021|Categories: Media Center|

December 21, 2021 Today, 65 consumer, civil rights, faith, legal services, and community groups submitted comments to the Consumer Financial Protection Bureau (CFPB) in response to its inquiry into certain business practices of six large technology companies operating payments systems in the United States. The groups urged the CFPB to require person-to-person (p2p) payment providers [...]