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Press Releases


Congress Passes Joint Consolidation Loan Separation Act to Relieve Divorced Spouses of Shared Student Loan Debt

2022-09-21T14:21:03-05:00September 21, 2022|Categories: Media Center|

September 21, 2022 Today, in response to news of the passage of the Joint Consolidation Loan Separation Act in the U.S. House, which will now head to the President’s desk, Kyra Taylor, student loan staff attorney at the National Consumer Law Center, issued the following statement: “We applaud Congress’s long overdue decision to create a [...]

More than 100 Consumer, Labor and Civil Rights Groups Call on CFPB to Take Action on Banking Fraud and Forced Arbitration

2022-09-14T08:59:53-05:00September 14, 2022|Categories: Media Center|

September 14, 2022 WASHINGTON – Over 100 consumer, civil rights, and labor groups today called on CFPB Director Rohit Chopra to exercise the agency’s authority to limit forced arbitration clauses, which are commonly buried in the fine print of consumer financial contracts to eliminate the rights of customers seeking accountability when scammed, cheated, or defrauded by big banks. [...]

Statements on Department of Education Granting Debt Relief to 79,000 Former Students of For-Profit Westwood College 

2022-08-30T11:07:28-05:00August 30, 2022|Categories: Issues, Media Center, Student Loans|

August 30, 2022 Student Defense, NCLC, Lawyers’ Committee Issue Statements on Department of Education Granting Debt Relief to 79,000 Former Students of For-Profit Westwood College  Today, the U.S. Department of Education issued a final decision granting relief to roughly 79,000 former students at Westwood College.  In response, Student Defense, the National Consumer Law Center, and [...]

Biden Administration Issues Order to Reduce Impact of Medical Debt on Federal Loan Programs

2022-08-25T09:34:58-05:00August 25, 2022|Categories: Media Center|

August 25, 2022 Biden Administration Issues Order to Reduce Impact of Medical Debt on Federal Loan Programs  WASHINGTON – The White House has issued marching orders to federal agencies to focus on ways to reduce the impact of medical debt on federal lending programs. The directive comes in a memorandum published this morning by the [...]

President Biden’s Order Canceling Federal Student Loan Debt Will Bring Transformational Relief to Millions

2022-08-24T11:35:07-05:00August 24, 2022|Categories: Media Center|

August 24, 2022 Today, in response to President Biden’s announcement on student debt cancellation, advocates at the National Consumer Law Center issued the following statements: “Today’s announcement of widespread debt cancellation with additional debt relief for those from low-income households promises transformational relief to tens of millions of low-income families and people of color who [...]

FCC Must Eliminate Financial Incentives, Take Aggressive Action to Stop Dangerous Robocalls

2022-08-18T09:14:09-05:00August 18, 2022|Categories: Media Center|

August 18, 2022 WASHINGTON – The Federal Communications Commission (FCC) must take swift action to stop telephone service providers from making money by transmitting illegal robocalls to U.S. telephone numbers, according to the National Consumer Law Center (NCLC) and the Electronic Privacy Information Center (EPIC). NCLC and EPIC submitted comments in response to the FCC’s [...]

Department of Education Provides Long Overdue Debt Relief to ITT Tech, Kaplan Students

2022-08-16T11:52:39-05:00August 16, 2022|Categories: Media Center|

August 16, 2022 WASHINGTON – National Consumer Law Center advocates applaud the Department of Education’s decision today to discharge $3.9 billion of debt for 208,000 borrowers who attended all ITT Technical Institute campuses between January 1, 2005 and until its closure in 2016 and about 100 borrowers who attended Kaplan Career Institute in Massachusetts.  “The [...]

New Report Finds Incarcerated Federal Student Loan Borrowers Systematically Denied Access to Student Loan Relief

2022-07-27T14:16:31-05:00July 27, 2022|Categories: Media Center, Student Loans|

July 27, 2022 Impossibility of Navigating Student Loan System While Behind Bars Poses Massive Risks to Administration's Recent Pell and Fresh Start Proposals WASHINGTON — Today, the Student Borrower Protection Center and National Consumer Law Center released a first-of-its-kind report examining the intersection of two social justice crises long in the making—the student loan debt [...]

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 [...]