A report released by the National Consumer Law Center and the Center for Law and Social Policy (CLASP) calling for “broad-based” cancellation of student loans, extending the moratorium on making student loan payments, and “strengthening” repayment options, as a means of helping individuals with student loan debts while also closing …
Read More »NCLC Calls for Ban on Placing Medical Debt with Third-Party Agencies
A report that has been published by the National Consumer Law Center highlights a racial gap in the amount of medical debts being carried by African-American individuals, compared to white, non-Hispanic households. The amount of medical debt owed by African-Americans is exacerbating the racial health and wealth gaps felt by …
Read More »Report Calls Out Court Debt As Barrier to Helping Clear Conviction Records
The National Consumer Law Center and the Collateral Consequences Resource Center have published a report that aims to shine a spotlight on the impact that court debts has on allowing individuals to get a “second chance” following arrests or convictions. Court debts, such as fines, fees, costs, and restitution are …
Read More »NCLC Publishes Guide to Key FDCPA Rulings From 2021
The National Consumer Law Center has published a guide of the key legal rulings related to the Fair Debt Collection Practices Act that were issued in 2021, breaking down rulings according to different categories and providing a summary of the case law that was enacted last year. Last year was …
Read More »NCLC Publishes Guide of State Consumer Protection Laws Going Into Effect in 2022
The National Consumer Law Center has published a guide of all the state consumer laws that are currently scheduled to go into effect at some point in 2022, providing a handy reference to anyone who needs to be aware of such changes. For companies in the accounts receivable management industry, …
Read More »NCLC Lobbying CFPB on Rental Debt Issues
The National Consumer Law Center has released the results of a survey it conducted of legal aid and non-profit attorneys indicating a dramatic rise in the number of lawyers representing consumers who have rental debt, identifying it as a “barrier to decent housing,” especially for individuals with low income or …
Read More »Report Warns of ‘Crisis’ Amount of Unpaid Utility Debts
I wasn’t initially going to write something about this report, but it was the last line of the press release that changed my mind. The National Consumer Law Center has published a report detailing a “crisis” in Massachusetts due to the amount of unpaid utility debt owed by individuals and …
Read More »NCLC Report Rates States on Exemption Laws
There isn’t a state in the country that is adequately protecting families from debt collectors, debt buyers, and creditors with exemption laws, allowing individuals to keep some of their assets or paychecks when a garnishment order or judgment is awarded, according to a report issued this week by the National …
Read More »Consumer Advocacy Report Details Number of Individuals Still Making Student Loan Payments During Pandemic Who are Underwater
A pair of national consumer advocacy groups are calling on the federal government to cancel student loan debts “across-the-board” as a means of helping individuals improve their financial futures, after analyzing more than 400,000 loans being serviced by Navient. The analysis looked at individuals who are in income-driven repayment plans …
Read More »What Happens Next?
While the debate over when Regulation F is going to go into effect may be over for now, the announcement from the Consumer Financial Protection Bureau may have just been the closing of one chapter and the opening of another in the saga over regulating debt collection in the United …
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