6-3 Opinion Blocks President Biden’s Student Loan Cancellation Plan [NOTE: Advocates to hold virtual press briefing on ruling at 12 pm ET. Register here.] WASHINGTON – Today, in a 6-3 opinion, the U.S. Supreme Court ruled that President Biden’s student debt relief program, which would have offered up to $20,000 in relief to working and…
The U.S. Supreme Court’s radical decision dismantling affirmative action in higher education is outrageous and disheartening and will limit educational and economic opportunity for people of color. The decision disregards decades of federal precedent upholding the consideration of race in higher education admissions and ignores the legacy of discrimination in American society, and the daily…
NCLC Advocates Caution Consumers to Check ARMs and Private Student Loans for Servicer Mistakes WASHINGTON – This Friday, June 30, will be the last day for the LIBOR. Starting next week, loan servicers responsible for millions of consumer loans that use the LIBOR will switch borrowers to a new index. The LIBOR is a widely used…
Read More about Borrowers Must Beware of Payment Changes as LIBOR Ends Friday
NCLC Advocates Praise New Requirement for Use of Supplemental Consumer Information Form WASHINGTON – Today, the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA) announced that it will require lenders making FHA-insured mortgage loans to use the Fannie Mae/ Freddie Mac Supplementary Consumer Information Form (SCIF) to collect a mortgage applicant’s language…
Read More about FHA to Require Mortgage Originators to Ask Borrowers about Language Preference
This article describes advantages and tactics in initiating federal claims in state court and then details a key resource when federal claims are litigated in state court—a just-updated, state-by-state analysis of state court standing rules with a focus on consumer claims. A make-or-break question in much consumer litigation today is: if a case is likely…
Read More about Digital Library: Protecting Federal Claims by Using State Courts
Revised StudentLoanBorrowerAssistance.org Provides Resources for Consumers, Reporters BOSTON – In anticipation of an announcement from the U.S. Supreme Court concerning the fate of President Biden’s student debt cancellation plan, the National Consumer Law Center’s Student Loan Borrower Assistance project has launched a newly updated, consumer-facing website with resources and advice for borrowers and for media…
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