FOR IMMEDIATE RELEASE: MAY 13, 2021 National Consumer Law Center contacts: Jan Kruse (jkruse@nclc.org) or April Kuehnhoff (akuehnhoff@nclc.org) Washington, D.C. – Today, the U.S. House of Representatives passed the Comprehensive Debt Collection Improvement Act (HR 2547), sponsored by Financial Services Committee Chairwoman Maxine Waters (D-CA), which would bring much needed clarity and reforms to stop [...]

FOR IMMEDIATE RELEASE: May 12, 2021 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Boston - National Consumer Law Center advocates applaud the U.S. Department of Housing and Urban Development (HUD) for two recently announced policy changes that will help homeowners avoid unnecessary foreclosures. HUD’s reverse mortgage policy change, announced in Mortgagee Letter 2021-11, will [...]

FOR IMMEDIATE RELEASE: May 11, 2021 Contacts: Jan Kruse (jkruse@nclc.org) Diop Harris (diop@ourfinancialsecurity.org) Rachel Gittleman (rgittleman@consumerfed.org) Mike Saunders (mikesaunders@veteranseducationsuccess.org) Matthew Kravitz (matthew.kravitz@responsiblelending.org) Washington, D.C. -  In a 52 - 47 vote tonight, the U.S. Senate voted to overturn the OCC’s “fake lender” rule, which allows predatory lenders to evade state interest rate laws by putting a [...]

FOR IMMEDIATE RELEASE: May 11, 2021 Contact: National Consumer Law Center: Jan Kruse (jkruse@nclc.org) Program aims to bring affordable broadband internet service to low-income households WASHINGTON, D.C. -- Tomorrow, the Federal Communications Commission (FCC) will launch the Emergency Broadband Benefit Program, a temporary FCC program to help families and households struggling to afford broadband internet [...]

FOR IMMEDIATE RELEASE: MAY 4, 2021 National Consumer Law Center contact: Jan Kruse (jkruse@nclc.org) Washington, D.C. - The U.S. Department of Education has appointed Richard Cordray, former director of the Consumer Financial Protection Bureau and Ohio Attorney General, as Chief Operating Officer of the Department’s Federal Student Aid, which oversees $1.6 trillion in outstanding federally-backed [...]

FOR IMMEDIATE RELEASE: May 3, 2021 Press contacts: National Consumer Law Center: Jan Kruse jkruse@nclc.org Center for Responsible Lending: Carol Parish: Carol.Parish@responsiblelending.org Self-Help Credit Union: Jenny Shields Jenny.Shields@Self-Help.org WASHINGTON, D.C. – Last Friday, credit unions and advocates registered their strong opposition to a proposal by the National Credit Union Administration (NCUA) that would allow credit [...]

FOR IMMEDIATE RELEASE: April 21, 2021 Contact:Jan Kruse (jkruse@nclc.org) Letter Reflects Bipartisan Support for State Interest Rate Caps and the Need to Stop “Rent-a-Bank” Evasions by Predatory Lenders In a rare form of bipartisan agreement, a group of 25 Attorneys General (AGs)  sent a letter today to Congressional leadership urging it to “use the Congressional [...]

FOR IMMEDIATE RELEASE: April 20, 2021 OCC Rule Usurps Role States Have Had Since Founding of the Nation in Protecting Families from Usurious Lending Contacts: Prof. Chris Odinet, christopher-odinet@uiowa.edu Prof. Paul Kantwill, pkantwill@luc.edu Prof. Adam Levitin, AJL53@law.georgetown.edu A group of 138 scholars, including professors of banking law and consumer finance regulation, from 43 states and [...]