In our increasingly complex financial world, vigilant government oversight is essential to protect consumers in the financial marketplace. NCLC works to improve our consumer protection system to ensure that it will stop abuses and will create incentives for the financial industry to offer fair, sustainable financial products and services. NCLC 2021 Consumer Protection Federal Priorities [...]
HOT TOPICS Report: A Larger and Longer Debt Trap?: Analysis of States' APR Caps for a $10,000 Five-Year Installment Loan, Oct. 2018 Press Release Predatory Installment Lending in 2017: States Battle to Restrain High-Cost Loans, Aug. 2017 Comments to OCC on special purpose national bank charters, Jan. 17, 2017: NCLC comments. Short coalition comments. Report: Installment Loans: [...]
Policy Analysis || Additional Resources The banking industry is making forays into the high-cost lending market with “bounce protection” plans, a new form of high-cost credit that boosts fee income for banks. Using aggressive marketing techniques, banks are encouraging their low- and moderate-income customers to use bounce loans as a source of credit. Rather than [...]
Used mostly by low and moderate income consumers, tax refund anticipation loans are extremely high-cost bank loans secured by the taxpayer's expected refund -- loans that last 7-14 days until the actual IRS refund repays the loan. Even without the costly loan, most taxpayers could have their refund in two weeks or less. RALs are [...]
HOT TOPICS State Rate Caps for $500 and $2,000 Loans, March 2021 Predatory Rent-a-Bank Lending CFPB Guts Curbs on Unaffordable 400% APR Payday Loans, July 7, 2020 Early Wage Access: A Good Option for Workers or a Fintech Payday Loan? State Rate Caps for $500 and $2,000 Loans: Report What States Can Do to [...]
Hot Topics Fact Sheet: The FCC's Emergency Broadband Benefit Program, May 12, 2021 Coalition letter to the FCC Requesting Extension of the Covid-19 Lifeline Waivers, Restore Lifeline Voice Support and Freeze Lifeline Minimum Standards, August 10, 2020 Low-income consumer advocate comments to the FCC re: October 2019 Notice of Proposed Rule Making on Lifeline [...]
NCLC promotes affordable water rates for low-income households in the United States. Issue Briefs, Press Releases, and Reports NCLC/NRDC Fact Sheet on Recent Federal Covid-19 Relief Funding to Help Consumers with Water and Sewer Bills, April 5, 2021 Issue Brief: A Guide for Advocates to Recent Federal Covid-19 Relief to Help Consumers Pay for Essential [...]
Electric vehicles offer many potential benefits, including the possibility of lower fuel and maintenance costs, improved environmental quality, health benefits associated with improved air quality, and expanded transportation options. NCLC works to ensure that low income consumers can share in the benefits of electric vehicles and are not negatively affected by such a transition. Press [...]
Low-income households need stronger consumer protections and regulatory policies to prevent service terminations and other threats to affordable and continuous utility services. Administrative & Regulatory Outcomes 2013 DPH memo on Submetering of Electric and Gas, Sept. 5, 2013 Model Program Helps Older Adults Avoid Utility Liens on Their Homes, December 2012 California Adopts Order to Reduce [...]
NCLC promotes the adoption of strong appliance efficiency standards, which reduce overall energy use and help lower costs for consumers while protecting the environment. Policy Analysis Testimony, Comments & Press Releases Press release (NCLC and CFA): Trump Administration Levels Another Assault on Consumers’ Energy Bills, January 14, 2020 Press release (NCLC and CFA): U.S. Dept. [...]
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