Le Lézard
Classified in: Business, Covid-19 virus
Subjects: NPT, LEG, AVO

National Foundation for Credit Counseling Praises Bipartisan Effort to Provide Funding for Non-Profit Credit Counseling Services


WASHINGTON, May 6, 2020 /PRNewswire/ -- The National Foundation for Credit Counseling® (NFCC®) commented today on the effort by U.S. Senator Jeff Merkley (D-OR) and Senator Steve Daines (R-MT), who are leading a bipartisan group of five senators to call for inclusion of $700 million in funding over two years for non-profit credit counseling services in upcoming coronavirus relief legislation.

To view the official press release, please click here: Merkley, Daines Lead Bipartisan Push to Boost Credit Counseling Services for American Consumers.

NFCC® President and CEO Rebecca Steele issued the following statement:

"This bold, bipartisan proposal led by Senators Merkley and Daines recognizes the oncoming tsunami of consumer debt payments Americans face as the economy returns to 'normal.' With over 30 million Americans filing for unemployment, caps for small business loans quickly being reached, and untold numbers of gig economy workers suffering reduced income, Americans are facing unprecedented economic challenges in the months ahead. 

"Fortunately, non-profit credit counselors are ready to help these Americans avoid credit destruction and bankruptcy. With the proposed funding, the NFCC® and its member agencies can help these Americans proactively manage credit card balances, medical debts, and protect their access to credit. Without increased support for credit counseling, these consumers will face aggressive collections activity, opportunistic scams, and many will be forced to declare bankruptcy, wreaking havoc on an already stressed financial system and communities throughout the country.

"The NFCC® praises Senators Daines and Merkley for their leadership, and we stand ready to serve Americans at this difficult time."

About the NFCC®
Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation's first and largest nonprofit dedicated to improving people's financial well-being. With a national network of member offices serving 50 states and Puerto Rico, our NFCC® Certified Credit Counselors are financial advocates, empowering millions of consumers to take charge of their finances through one-on-one financial reviews that address credit card debt, student loans, housing decisions and overall money management. Make one of the best financial decisions of your life. For expert guidance and advice, call (800) 388-2227 or visit http://www.nfcc.org today.

SOURCE National Foundation for Credit Counseling


These press releases may also interest you

at 22:48
Petróleo Brasileiro S.A. ? Petrobras ("Petrobras") today announced the expiration and expiration date results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. ("PGF") of any and all...

at 22:33
Ag Growth International Inc. ("AGI") will hold a conference call on Thursday November 12, 2020, at 8:00 a.m. EST to discuss its results for the three and six-months ended September 30, 2020. A news release announcing AGI's results will be issued...

at 22:00
transcosmos inc. will be the exclusive sales partner to HERO, a virtual shopping app provided by Hero Towers Limited (Headquartered in London and New York). Hero powers the virtual shopping experience for global fashion brands like Nike, Levi's and...

at 21:56
NEWS HIGHLIGHTS SK hynix will pay US $9 billion for the Intel NAND memory and storage business, which includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China. SK hynix aims to...

at 21:54
In the news release, "Innodisk Brings Fail-Safe Remote Management to IoT Solutions With New ASUS Partnership" issued on Oct. 16, 2020 by Innodisk Corporation over PR Newswire, PR Newswire is advised that in the first paragraph, "ASUS is equipping its...

at 21:39
What business opportunities and possibilities will arise when the field of hotel kitchen appliances is moved onto the cloud? The situation at the moment looks very promising. Located on the coast of the South China Sea in Guangdong Province,...



News published on 6 may 2020 at 20:01 and distributed by: