Fighting Junk Fees
Consumers pay tens and maybe even hundreds of billions of dollars a year in junk fees. Here are highlights of NCLC’s work to bring an end to them.
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Consumers pay tens and maybe even hundreds of billions of dollars a year in junk fees. Here are highlights of NCLC’s work to bring an end to them.
NCLC opposes the Financial Services Innovation Act of 2023, which would create regulatory “sandboxes” for companies that would force agencies to shirk their statutory duties to enforce the law and protect consumers and instead prioritize allowing risky and unproven products into the marketplace before they have been fully evaluated to ensure that they comply with…
Read More about Opposition to H.R. 7440 (McHenry) Financial Services Innovation Act of 2023
The comments support the FTC’s proposed rule and urges the Commission to strengthen several provisions in the proposed rule to prevent companies from using alternative deceptive pricing tactics to get around the rule.
Read More about Consumer Coalition Comments to the FTC's Proposed Junk Fee Rule
NCLC joined other consumer organizations in supporting the CFPB’s statement of policy regarding the prohibition on abusive acts and practices and submitted comments outlining a number of types of abusive practices, which impact wide swaths of American consumers and have an especially negative impact on vulnerable and marginalized communities.
Read More about Abusive Acts and Practices: Comments to CFPB
Submitted to Regulations.govRohit Chopra, DirectorConsumer Financial Protection Bureau1700 G Street NW,Washington, DC 20552 Dear Director Chopra, The undersigned consumer organizations are pleased to support the Consumer Financial Protection Bureau’s (CFPB) proposal to require nonbank covered persons that are subject to certain agency and court orders to register those orders with the CFPB. The registry will…
In an op-ed originally appearing in Colorado Politics on March 14, 2023, Carolyn Carter and David Seligman discuss Colorado’s consumer protection laws that, for too long, have lagged behind other states.