WASHINGTON – Today, U.S. Sen. Ed Markey and U.S. Rep. Pramila Jayapal led 17 members of Congress in a letter to Federal Trade Commission (FTC) Chair Lina Khan asking for commonsense rules against abuses in the sale and financing of motor vehicles. A large majority of American consumers rely on their car to get to…
Read More about Consumer Advocates Applaud Members of Congress for Supporting FTC Auto Dealer Rule
FCC must protect consumers from scam health insurance calls while facilitating HHS calls to remind Medicaid recipients to reenroll.
Read More about How Important Calls Regarding Medicaid Renewals Can be Made Legally
Originally appearing in American Banker on June 7, 2023, Polo Rocha discusses a legal debate that brewing over whether the Colorado law leaves potential wiggle room for high-cost lenders with NCLC’s Lauren Saunders. Lauren Saunders, associate director at the National Consumer Law Center, described such debates as lawyers trying to “gin up uncertainty” even though…
Originally appearing in The Wall Street Journal on June 4, 2023, Nicole Friedman and Ben Eisen discuss long-dormant mortgages that are coming back to bite with NCLC’s Andrea Bopp Stark. “All of a sudden we saw these second mortgages come out from under the woodwork. It’s a moneymaking opportunity.” Andrea Bopp Stark, a senior attorney…
Originally appearing in The New York Times on June 1, 2023, Tara Siegel Bernard discusses a proposed plan with NCLC’s Abby Shafroth to revise the existing income-driven plan known as REPAYE, that could reduce payments for millions of borrowers by more than half. The Education Department released the proposal in January, and a final rule — which…
Read More about The New York Times: The Student Loan Payment Pause Is Ending. Here's How to Prepare.
Originally appearing in AP News on June 14, 2023, Cora Lewis and Adriana Morga quote Abby Shafroth in a piece about the consequences of nonpayment upon the resumption of student loan payments. “Forbearance allows you to postpone payments without it being held against you, but interest does accrue. So you’re going to see your balance…
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