[Student Borrower Bankruptcy Relief Act of 2019]
Rep. Nadler: “Nearly 45 million Americans owe nearly $1.5 trillion of student loan debt, an amount that exceeds all outstanding credit card and auto loan debt combined. That amount has tripled since 2006. It will grow to $2 trillion just two years from now.”
Photo: YouTube
Consumer Financial Protection Bureau
New Student Debt Bankruptcy bill vitally necessary says Rep. Nadler
REPS. PRESSLEY AND OMAR INTRODUCE STUDENT DEBT RELIEF PLAN
[COVID-19\Student Debt Emergency Relief Act]
Congresswoman Pressley. “Our $1.6 trillion student debt crisis stands in the way of any meaningful economic recovery effort during and after this pandemic, which is why we must cancel student loan debt in order to jumpstart the economy.”
Photo: YouTube
CALIFORNIA CONGRESSWOMAN WATERS TO WELLS FARGO: RESIGNATIONS DON’T ABSOLVE YOU OF YOUR FAILURES
[Wells Fargo Accountability]
Rep. Waters: “Over the past decade, Wells Fargo’s board, management, and regulators have all failed to fix the company’s internal control weaknesses that caused enormous harm for millions of consumers throughout the country.”
Photo: YouTube
RELEASED CONGRESSIONAL REPORT DETAILS “ABUSES” AND “FAILURES” OF WELLS FARGO
[Congressional Report on Wells Fargo Abuses]
This report is a result of a one-year Committee investigation into Wells Fargo’s compliance with five regulatory orders issued in response to the company’s widespread consumer abuses.
Photo: Facebook
CALIFORNIA CONGRESSWOMAN WATERS TO CONSUMER FINANCIAL PROTECTION BUREAU DIRECTOR: “AMERICA NEEDS BETTER FROM YOU”
[Consumer Protection]
Congresswoman Maxine Waters: “Since your confirmation as Consumer Bureau Director, you have undertaken a series of actions that have undermined the Consumer Bureau’s mission to protect consumers.”
Photo: Twitter
CALIFORNIA CONGRESSWOMAN WATERS SLAMS WALL STREET’S DEREGULATION ATTACKS ON “VOLCKER RULE”
[Wall Street Corruption\Rep. Maxine Waters]
Rep. Waters: “At a time when prudential regulators should be working to uphold consumer protections, we continue to see a series of deregulatory actions by Trump appointees that benefit Wall Street at the expense of Main Street.”
Photo: Facebook
NY FED REPORT ON STUDENT DEBT REQUESTED BY SENATOR BOOKER DETAILS SIGNIFICANT RACIAL DISPARITIES
[Education News\Student Debt]
Seth Frotman, Executive Director of the Student Borrower Protection Center: “This is a devastating indictment of the toll student debt is having on communities of color across the nation. I commend Senator Booker for his tireless work to protect borrowers and for his recognition that the student debt crisis is a critical civil rights issue. It is outrageous that the CFPB, which is charged with protecting borrowers from discrimination, has rolled back its critical oversight work of the student loan industry.”
Photo: Wikimedia Commons
ATTORNEY GENERAL JAMES: CONSUMER FINANCIAL PROTECTION BUREAU DEBT COLLECTION RULE MUST BE CHANGED
[Consumer Protection News]
NY AG James: “The CFPB’s proposed rule puts the interests of debt collectors ahead of consumers. Too many New Yorkers suffer from harassment and abuse at the hands of debt collectors. Rather than reign them in, the CFPB is proposing to give them new avenues to do harm by allowing debt collectors to contact consumers using social media and email.”
Photo: Wikimedia Commons
ATTORNEY GENERAL JAMES LEADS BIPARTISAN COALITION FIGHTING STUDENT LENDER LOAN SHARKS
[Student Loan Crisis]
NY AG James: “When student borrowers struggle to make payments on their crushing debts, student loan servicers have an obligation to honestly inform them of the tools they can use to improve their finances, but Navient and many other servicers, instead, preyed upon and exploited these borrowers just to increase their profits.”
Photo: Facebook
