Banking, Payments, & Remittances

Bank Charters

Banks have special privileges that exempt them from state interest rate limits and other state consumer protection laws. But non-bank entities are seeking new types of bank charters and access to banking services without the full oversight and responsibilities of traditional banks. NCLC opposes new types of bank charters and other measures that make it easier for companies to escape state consumer protection laws.

Featured

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

December 15, 2023

199% Auto Repair, Pet Loans Face Crackdown by DC, States

July 12, 2023

Comments to FDIC Regarding False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo

April 6, 2023

Crypto Companies, Others, Must Stop Misusing FDIC’s Name and Logo

April 6, 2023

Letter to CFPB Regarding Repeat Offenders; Registry of Nonbank Financial Companies Subject to Certain Agency and Court Orders

March 31, 2023

FDIC Should Downgrade Three Banks Engaged in Predatory “Rent-a-Bank” Lending

March 30, 2023

Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of First Electronic Bank

March 21, 2023

FDIC Should Downgrade FinWise Bank Over Predatory ‘Rent-a-Bank’ Lending 

March 15, 2023

Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of Rent-a-Bank FinWise Bank

March 14, 2023

Comments & Letters

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

December 15, 2023

Comments to FDIC Regarding False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo

April 6, 2023

Letter to CFPB Regarding Repeat Offenders; Registry of Nonbank Financial Companies Subject to Certain Agency and Court Orders

March 31, 2023

Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of First Electronic Bank

March 21, 2023

Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of Rent-a-Bank FinWise Bank

March 14, 2023

Comments to Federal Reserve Regarding Proposed Guidelines Evaluating Account and Services Requests

January 17, 2023

Coalition Letter to the CDFI Fund Regarding Changes to the Certification Application

December 5, 2022

Group Comments to the CDFI Fund Regarding Changes to the Certification Application

December 5, 2022

Group Comments Calling on FDIC to Reject Ford Credit’s ILC Charter Application

August 24, 2022

Issue Briefs

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Who Supports Overturning the OCC’s “Fake Lender” Rule?

May 3, 2021

Press Releases & News

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199% Auto Repair, Pet Loans Face Crackdown by DC, States

July 12, 2023

Crypto Companies, Others, Must Stop Misusing FDIC’s Name and Logo

April 6, 2023

FDIC Should Downgrade Three Banks Engaged in Predatory “Rent-a-Bank” Lending

March 30, 2023

FDIC Should Downgrade FinWise Bank Over Predatory ‘Rent-a-Bank’ Lending 

March 15, 2023

TAB Bank, Facilitator of Predatory Puppy Loans, Gets Rating Downgraded by FDIC

February 6, 2023

NCLC and Coalition Support Senate Bill to Close Industrial Loan Company Loophole

December 6, 2022

Consumer Advocate Groups Call On FDIC To Reject Ford Credit’s ILC Charter Application

August 25, 2022

National Consumer Law Center Advocates Praise U.S. House Vote to Repeal National Banking Regulator’s Predatory Lending Rule

June 24, 2021

New Bank Regulator Leadership Welcome; Congress Still Must Roll Back Rule Promoting Predatory Lending

May 5, 2021

Amicus Briefs

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Amicus Brief in Lacewell v. OCC

July 30, 2020

Amicus Brief in David Petersen, Et Al v. Chase Card Funding, LLC

February 7, 2020

From the NCLC Digital Library

Consumer Banking and Payments Law

The treatise that keeps readers up to date on changes in payments: payroll, government benefits, college and other prepaid cards, money orders, check payments, lost checks, check deposits, accord and satisfaction, bank fees, banker’s set off and more.

Read Chapter One