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Advanced Notice of Proposed Rulemaking on the Fair Credit Reporting Act (Regulation V); Identity Theft and Coerced Debt: Comments to the Consumer Financial Protection Bureau

March 7, 2025

In response to the Consumer Financial Protection Bureau’s (CFPB) Advance Notice of Proposed Rulemaking regarding the Fair Credit Reporting Act (FCRA) and coerced debt, a coalition of organizations, including the National Consumer Law Center (NCLC), the Center for Survivor Agency and Justice (CSAJ), and the National Coerced Debt Working Group (CDWG), alongside numerous state and…

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Comment on Proposed Amendments to Wisconsin's Debt Adjustment Services Rule

September 27, 2024

NCLC and AARP Wisconsin agree with the proposal to limit debt adjustment fees to a percentage of savings, but 30% is too high. NCLC and AARP Wisconsin also recommend more robust annual data reporting, prohibiting licensees from advising consumers to default on debts, and adopting other protections found in the FTC’s debt relief services rule.

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Joint Comments to California Department of Financial Protection and Innovation on Proposed Debt Settlement Rules

May 18, 2023

Joint comments to the California Department of Financial Protection and Innovation were submitted on proposed rules that would require debt settlement providers to register and submit annual reports on their operations.

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Letter in opposition to NJ S-S2989; Debt Settlement Legalization Bill

December 19, 2022

NCLC opposes S-2989, which would legalize certain for-profit debt adjusters. For-profit debt adjustment (also known as debt settlement) is bad for consumers and hurts honest businesses. Bankruptcy attorneys, non-profit credit counselors, and self-help are much better alternatives. The debt adjustment industry leads consumers to believe that they can negotiate reduced payoffs on unsecured debts. But…

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Comments on the proposed revisions to the Uniform Debt-Management Services Act (UDMSA)

March 18, 2011

The comments were submitted in response to the National Conference of Commissioners on Uniform State Laws’ recent request for comments on the proposed revisions to the Uniform Debt-Management Services Act (UDMSA). NCLC remains deeply concerned that the UDMSA does not adequately protect consumers from abusive debt settlement and debt management practices. We previously explained our…

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Comments on the NCCUSL Uniform Debt-Management Service Act

March 1, 2006

The National Consumer Law Center, on behalf of its low-income consumer clients, and Consumer Federation of America oppose the NCCUSL Uniform Debt Management Services Act unless provisions regulating debt settlement services are removed or dramatically amended. Our key concerns are: The Act regulates debt settlement as a valid type of debt management service. We believe…

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Search Results

Advanced Notice of Proposed Rulemaking on the Fair Credit Reporting Act (Regulation V); Identity Theft and Coerced Debt: Comments to the Consumer Financial Protection Bureau

Comment on Proposed Amendments to Wisconsin's Debt Adjustment Services Rule

Joint Comments to California Department of Financial Protection and Innovation on Proposed Debt Settlement Rules

Letter in opposition to NJ S-S2989; Debt Settlement Legalization Bill

Comments on the proposed revisions to the Uniform Debt-Management Services Act (UDMSA)

Comments on the NCCUSL Uniform Debt-Management Service Act