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This brief argues that a state that opts out of DIDMCA may enforce its interest rate laws against out-of-state, state-chartered banks in order to stop rent-a-bank lending and other high-cost loans that exceed state rate caps.
Read More about Amicus Brief: NAIB v. Weiser (10 Circuit, DIDMCA opt out)
NCLC has joined an amicus brief in this case before the Ohio Supreme Court, which involves a class action seeking statutory damages under state law for mortgage servicing misconduct. On appeal, Quicken argues that Article III standing should be imported into Ohio law. The amicus brief focuses on the different sources of standing under Article…
Read More about Amicus Brief: Voss v. Quicken Loans, LLC et al.
Public Citizen, Consumer Federation of America, National Association of Consumer Advocates, National Consumer Law Center, and Public Justice submitted an amicus brief in support of petitioners in Cantero v. Bank of America. The brief argued that the Second Circuit erred in finding that state mortgage escrow interest laws are preempted and in applying a preemption…
NCLC joined an amicus brief with ten organizations, lead by Public Justice, to support the CFPB in a case before the Supreme Court to review the Fifth Circuit’s holding that the CFPB’s funding structure violates the Constitution’s Appropriations Clause and vacating the pay-day lending rule the CFPB promulgated at that time. The amicus brief explains…
Amici curiae are ten organizations devoted to advocacy on behalf of consumers of financial services whose interests are protected by the Consumer Financial Protection Bureau (CFPB). Amici support the regulatory and enforcement initiatives that the CFPB has undertaken since its creation, including the payday lending rule at issue in this case. Amici, and the consumers…
The Massachusetts Fiduciary Rule will have a tremendous impact in helping investors in the Commonwealth save for their future. The Rule would significantly lessen the consequences of investor confusion regarding professionals’ differing roles and standards and the detrimental costs of conflicted advice because all financial professionals would be required to put the investor’s interest first…