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81

National Consumers League calls for accountability in banking collapses 

The National Consumers League is calling on Congress and the Biden Administration to pass long-overdue reforms and roll back the 2018 deregulations that contributed to the collapse of regional banks like Silicon Valley Bank. Absent such action, it is likely that consumers’ faith in the banking system will continue to be put at risk with negative consequences for the entire American economy.

87

National Consumers League applauds nomination of Julie Su for Secretary of the Department of Labor

The National Consumers League welcomes President Biden’s announcement that he intends to nominate Julie Su to serve as Secretary of the Department of Labor. Su is an experienced labor expert who can continue the Administration’s commitment to a stronger, more resilient, and more inclusive economy for all Americans. She has been serving as Deputy Secretary of Labor since July 2021.

89

Supreme Court should affirm legality of student debt cancellation

We believe the Administration’s effort to cancel student debt is legal and long overdue. College tuition has grown substantially over the past few decades, and disproportionately burdens students of color and women. We hope that the Supreme Court will uphold the validity of the President Biden’s student debt cancellation and allow the Administration to ease the burdens associated with achieving an advanced degree.