Press Release Archives - National Consumer Law Center

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

Michelle Deakin2022-06-30T13:25:07-05:00June 30, 2022|Categories: Media Center|Tags: Press Release, Student Loans|

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

Michelle Deakin2022-06-30T10:08:56-05:00June 30, 2022|Categories: Media Center|Tags: Press Release|

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 [...]

NCLC Statement in Response to Latest Reports on Student Debt Cancellation

Stephen Rouzer2022-05-27T14:43:46-05:00May 27, 2022|Categories: Media Center|Tags: Press Release, Student Loans|

May 27, 2022 Today, in response to reports that the White House is planning to cancel $10,000 in federal student loan debt per borrower earning less than $150,000, Abby Shafroth, director of the National Consumer Law Center's Student Loan Borrower Assistance Project, issued the following statement: “We urge President Biden to move forward with student [...]