FOR IMMEDIATE RELEASE: May 28, 2020 National Consumer Law Center Contact: Jan Kruse at jkruse@nclc.org Boston – Yesterday, the Federal Trade Commission (FTC) filed a complaint and stipulated order against a New York car dealer, Bronx Honda, for discriminating against African Americans and Hispanic car buyers and employing a range of abusive tactics in the sales and financing [...]

FOR IMMEDIATE RELEASE: May 26, 2020 National Consumer Law Center contacts: Lauren Saunders (lsaunders@nclc.org) or Jan Kruse (jkruse@nclc.org) WASHINGTON, D.C. — Consumer groups and banking industry organizations joined together today to support bipartisan legislation that would prevent Economic Impact Payments from being subject to garnishment. The following statement was issued today by the American Bankers Association, Bank [...]

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Lauren Saunders (lsaunders@nclc.org) New bank regulator guidance could permit balloon-payment loans but emphasizes responsible lending WASHINGTON, D.C. - As our nation grapples with the economic fallout of the COVID-19 pandemic, the Federal Deposit Insurance Corp. (FDIC) announced plans today to [...]

FOR IMMEDIATE RELEASE: May 20, 2020 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or Abby Shafroth (ashafroth@nclc.org) 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 [...]

FOR IMMEDIATE RELEASE: May 14, 2020 National Consumer Law Center contacts: Persis Yu (pyu@nclc.org) or Jan Kruse (jkruse@nclc.org) 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 [...]

FOR IMMEDIATE RELEASE: May 1, 2020 Contacts: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) Student Defense: Sam Gilford (sam@defendstudents.org) Student Borrower Protection Center: Moira Vahey (moira@protectborrowers.org) Share your story if you have had wages garnished in 2020 for a student loan.  WASHINGTON – Student Defense and the National Consumer Law Center (NCLC), with the support of [...]

FOR IMMEDIATE RELEASE: APRIL 30, 2020 National Consumer Law Center contact:  Jan Kruse (jkruse@nclc.org) Washington — Yesterday, the Consumer Financial Protection Bureau (CFPB) released guidance on mortgage originations. While the guidance does no harm to consumers, it also fails to address the real and pressing problems homeowners face as a result of the COVID-19 crisis. [...]

FOR IMMEDIATE RELEASE: APRIL 27, 2020 National Consumer Law Center contact:  Jan Kruse (jkruse@nclc.org) 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 [...]

FOR IMMEDIATE RELEASE: April 21, 2020 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) 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 [...]