All Issues

Banking, Payments, & Remittances

Bank accounts, prepaid cards, banking apps, and gift cards store consumer funds or handle payments. New technologies like faster payment services, cryptocurrencies, and proposed digital currencies may also hold funds or make payments. NCLC supports safe banking options and opposes overdraft and other unfair fees, payment scams, lack of deposit insurance, and other problems that can harm or exclude consumers. NCLC opposes expanding bank privileges, including preemption of state consumer protection laws, to non-bank entities.

Key Topics

Bank Charters

Fighting expansion of bank charters and bank privileges in ways that undermine consumer protections. 

Bank, Prepaid & Other Deposit Accounts

Working to protect bank accounts, prepaid cards, and other deposit accounts.

Crypto-Assets & Digital Currencies

Crypto-assets are becoming the latest in a long line of devices used to strip wealth from communities of color and push them further behind.

Overdraft Fees & Services

Fighting abusive overdraft fee practices that harm consumers.

Payments & Payment Fraud

Working to protect consumers and fight fraud when people send money and make payments.

Remittances

NCLC has been the leading advocate for remittance senders in the past two decades, striving to protect them against unfair and undisclosed fees imposed by remittance providers.

Featured

Recent Resources

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CBS News: New efforts to stop scammers from stealing through fraudulent wire transfers (video)

April 18, 2024

American Banker: It’s past time for the Fed to expand ACH settlement to weekends

April 3, 2024

Coalition Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

Comments on CFPB Proposed Rule on NSF Fees

March 25, 2024

Testimony In Support of Maryland HB 1156: The Elder Fraud Prevention Act of 2024

February 23, 2024

Comments on Treasury Department’s Request for Information on Financial Inclusion

February 20, 2024

Testimony of Carla Sanchez-Adams on “Examining Scams and Fraud in the Banking System and Their Impact on Consumers”

February 1, 2024

CFPB Proposes Rule to Limit Harmful Overdraft Fees

January 17, 2024

Comments & Letters

View All for Comments & Letters
Coalition Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

Comments on Treasury Department’s Request for Information on Financial Inclusion

February 20, 2024

Comments on the CFPB’s Proposed Rule to Define a Market for General-Use Digital Consumer Payment Applications

January 8, 2024

Comments Requesting the Inclusion of Electronic Benefits Transfer (EBT) Accounts to CFPB’s Rulemaking on Personal Financial Data Rights

December 19, 2023

Letter Supporting S.3538, the Close the Shadow Banking Loophole Act

December 15, 2023

Comments on Proposals to Amend the Nacha Operating Rules

June 15, 2023

Comments on California DFPI Proposed Rules on Earned Wage Advances and Other Fintech Cash Advances

May 17, 2023

Statement on Section 10 of SAFE Banking Act

May 11, 2023

Reports

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The LIBOR Is Ending: What Consumer Advocates Should Know

May 3, 2023

Health Care Plastic: The Risks of Medical Credit Cards

April 27, 2023

Fintech and Consumer Protection: A Snapshot

March 1, 2019

Paper Statements: An Important Consumer Protection

March 1, 2016

Rating State Government Payroll Cards

November 5, 2015

Payday Lender Prepaid Cards: Overdraft and Junk Fees Hit Cash-Strapped Families Coming and Going

July 21, 2015

Report: Restoring the Wisdom of the Common Law: Applying the Historical Rule Against Contractual Penalty Damages to Bank Overdraft Fees

April 21, 2013

Unemployment Compensation Prepaid Cards

January 1, 2013

Issue Briefs

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Earned Wage Advances and Other Fintech Payday Loans: Workers Shouldn’t Pay to be Paid

April 20, 2023

2022 Consumer Protection Federal Priorities

February 18, 2022

2021 Banking Agency Predatory Lending and Safe Banking Priorities

January 1, 2021

Payday Lenders Plan to Evade California’s New Interest Rate Cap Law Through Rent-A-Bank Schemes

October 1, 2019

New Protections for Prepaid Cards and Accounts

March 28, 2019

New Protections for Payroll Cards

March 28, 2019

New Protections for Government Benefit Prepaid Cards

March 19, 2019

Restoring the Wisdom of the Common Law: Applying the Historical Rule Against Contractual Penalty Damages to Bank Overdraft Fees

April 17, 2013

Consumer Facts: Your Right to Know

April 27, 2011

Testimony

View All for Testimony
Comments on CFPB Proposed Rule on NSF Fees

March 25, 2024

Testimony In Support of Maryland HB 1156: The Elder Fraud Prevention Act of 2024

February 23, 2024

Testimony of Carla Sanchez-Adams on “Examining Scams and Fraud in the Banking System and Their Impact on Consumers”

February 1, 2024

Statement Before Senate Banking Committee on Overdraft Fees and Their Effects on Working Families

May 4, 2022

Written Testimony for House Financial Services on Digital Wallets

April 28, 2022

Statement Before U.S. House Committee on Financial Services on the End of Overdraft Fees

March 31, 2022

Testimony of Lauren Saunders Before the U.S. House Task Force on Financial Technology on Buy Now, Pay Later and Other Fintech Cash Flow Products

November 1, 2021

Testimony Before U.S. House Financial Services Task Force Regarding “Banking on Your Data: The Role of Big Data in Financial Services”

November 21, 2019

Press Releases & News

View All for Press Releases & News
CBS News: New efforts to stop scammers from stealing through fraudulent wire transfers (video)

April 18, 2024

American Banker: It’s past time for the Fed to expand ACH settlement to weekends

April 3, 2024

CFPB Proposes Rule to Limit Harmful Overdraft Fees

January 17, 2024

California Should Not Delay Protections for Fintech Cash Advances

November 28, 2023

Payments Dive: Consumer group pushes for stricter EWA protections

October 16, 2023

NBC News: Phony bank accounts resurface at Wells Fargo, with a twist

August 4, 2023

Bankshot: Lauren Saunders Discusses Earned Wage Access. Early Payday or Payday Loan?

July 27, 2023

American Banker: State efforts to regulate earned wage access are heating up

May 19, 2023

The Washington Post: Pick a college bank account as carefully as your college

May 18, 2023

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