Education, Maine’s Economy

Predatory practices increase Mainers’ student debt and financial troubles

Mainers are carrying nearly $6 billion in education debt. Large figures like that can be difficult to wrap our heads around, so think of it this way: […]

Jody Harris

Posted December 19, 2018

Tags Consumer Protection, Higher Education, Student Debt

Education, Jobs and Income

Conference addresses consumer protection

The dramatic impact of student loan debt was a primary concern of panelists at the conference. MECEP Associate Director Jody Harris said student loan debt in Maine […]

The Free Press

Posted December 13, 2018

Tags Consumer Protection, Higher Education, Student Debt

Education

Policy Brief: Predatory actors worsen borrowers' woes as education debt holds back Maine's economy

Summary: Higher education is a boon to graduates and Maine’s economy. It increases degree holders’ lifetime earnings, improves business competitiveness, and spurs consumer spending. But escalating college […]

Jody Harris

Posted December 10, 2018

Tags Consumer Protection, Higher Education, Student Debt

Education, Jobs and Income

Maine college graduates struggle to pay down school debt as state battles with lenders

A new [MECEP] poll shows that student loan debt and predatory practices by some lenders that make paying loans back increasingly expensive prevents a majority of borrowers […]

MaineBiz

Posted December 3, 2018

Tags Consumer Protection, Higher Education, Student Debt

Education, Jobs and Income

Survey finds that Mainers are struggling to pay off student loans

Mainers are struggling to pay off their student loans, with their debt impacting everything from car purchases to health care. That’s according to the results of a […]

Maine Public

Posted December 1, 2018

Tags Consumer Protection, Higher Education, Student Debt

Education

New poll: Mainers struggle to pay down student debt, say loan servicers are making matters worse

FOR IMMEDIATE RELEASE: November 29, 2018 CONTACT: Mario Moretto (MECEP): mario@mecep.org | (207) 460-4669 Ricardo Quinto (CRL): ricardo.quinto@responsiblelending.org. AUGUSTA, Maine – A new poll released today by the Maine Center […]

Posted November 29, 2018

Tags Consumer Protection, Polling, Student Debt

Jobs and Income

Maine groups urge Poliquin to defy campaign donors, reject payday rule challenge

From the article: “The Consumer Bureau’s payday rule is necessary to help ensure that lenders cannot trap borrowers, who are typically already financially distressed, in a debt […]

Beacon

Posted April 17, 2018

Tags Consumer Protection, Incomes

Jobs and Income

New Payday-Lending Rule Could be Helpful in Maine

The new rules require payday lenders to start verifying a borrower’s ability to repay a loan before rolling it over into a new loan. Maine already has […]

Public News Service

Posted October 11, 2017

Tags Consumer Protection, Federal

Maine’s Economy

CFPB takes first step with new federal payday lending rule, but Maine must be on guard

Just yesterday, the federal Consumer Financial Protection Bureau (CFPB) released a new rule that will reduce the harm to Maine families of short-term payday lending. But the […]

Jody Harris

Posted October 6, 2017

Tags Consumer Protection

Jobs and Income

Breaking: Maine’s Congressional Delegation Should Support New CFPB Payday Lending Rule Aimed Toward Curbing Abuses

FOR IMMEDIATE RELEASE October 6, 2017 CONTACT Marpheen Chann mchann@mecep.org (207) 620-1128 Maine’s Congressional Delegation Should Support New CFPB Payday Lending Rule Aimed Toward Curbing Abuses AUGUSTA, […]

Posted October 6, 2017

Tags Consumer Protection, Federal

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Predatory practices increase Mainers’ student debt and financial troubles

Conference addresses consumer protection

Policy Brief: Predatory actors worsen borrowers' woes as education debt holds back Maine's economy

Maine college graduates struggle to pay down school debt as state battles with lenders

Survey finds that Mainers are struggling to pay off student loans

New poll: Mainers struggle to pay down student debt, say loan servicers are making matters worse

Maine groups urge Poliquin to defy campaign donors, reject payday rule challenge

New Payday-Lending Rule Could be Helpful in Maine

CFPB takes first step with new federal payday lending rule, but Maine must be on guard

Breaking: Maine’s Congressional Delegation Should Support New CFPB Payday Lending Rule Aimed Toward Curbing Abuses