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

NCLC works to ensure that crypto-assets are not used to perpetrate fraud or strip assets from low-income people.

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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Testimony of Carla Sanchez-Adams Before U.S. House Subcommittee: “Fraud in Focus: Exposing Financial Threats to American Families”

September 18, 2025

Financial Fraud is a National Crisis Demanding Better Protection

September 18, 2025

Comments to OCC, Fed, and FDIC on Payment Fraud

September 15, 2025

Coalition Letter to Congress Seeking Legislative Fix to GENIUS Act Provision

August 13, 2025

Comment Letter to OCC in Opposition to First National Digital Currency Bank Charter Application

July 30, 2025

President Trump Signs Crypto Bill Exposing Consumers to Huge Financial Risks

July 21, 2025

Letter Opposing CLARITY Act

July 15, 2025

Comments to the Department of Treasury’s Request for Information on Modernizing Payments

June 30, 2025

MoneyLion’s Costly “0% APR” “Earned Wage” Payday Loans

May 22, 2025

Comments & Letters

View All for Comments & Letters
Comments to OCC, Fed, and FDIC on Payment Fraud

September 15, 2025

Coalition Letter to Congress Seeking Legislative Fix to GENIUS Act Provision

August 13, 2025

Comment Letter to OCC in Opposition to First National Digital Currency Bank Charter Application

July 30, 2025

Letter Opposing CLARITY Act

July 15, 2025

Comments to the Department of Treasury’s Request for Information on Modernizing Payments

June 30, 2025

Comment to the CFPB’s Request for Information Regarding the Collection, Use, and Monetization of Consumer Payment and Other Personal Financial Data

April 10, 2025

295 Groups Oppose Overturning Overdraft Fee Rule

March 31, 2025

Letter Opposing Resolution to Overturn CFPB Payment Apps Oversight Rule

March 31, 2025

Comment to CFPB’s Proposed Interpretative Rule on Electronic Fund Transfers Through Accounts Established Primarily for Personal, Family, or Household Purposes Using Emerging Payment Mechanisms

March 26, 2025

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

Bounce Protection: How Banks Turn Rubber into Gold by Enticing Consumers to Write Bad Checks

January 28, 2003

Issue Briefs

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MoneyLion’s Costly “0% APR” “Earned Wage” Payday Loans

May 22, 2025

The Tricks Cash Advance Apps Use to Coerce Borrowers to “Tip”

April 23, 2025

Top Overdraft Fee Offenders Hitting Civilian, Military Families

April 3, 2025

FAQs on CFPB’s Rule on Overdraft Lending: Very Large Financial Institutions

March 19, 2025

Overdraft Rule Returns $5 Billion in Big Bank Junk Fees to Consumers’ Pockets

January 29, 2025

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

Testimony

View All for Testimony
Testimony of Carla Sanchez-Adams Before U.S. House Subcommittee: “Fraud in Focus: Exposing Financial Threats to American Families”

September 18, 2025

NCLC Statement for the Record on Senate Committee on Banking, Housing, and Urban Affairs Hearing on Investigating the Real Impacts of Debanking in America

February 5, 2025

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

Press Releases & News

View All for Press Releases & News
Financial Fraud is a National Crisis Demanding Better Protection

September 18, 2025

President Trump Signs Crypto Bill Exposing Consumers to Huge Financial Risks

July 21, 2025

As Trump Administration Rolls Back Consumer Protections, California Finding New Ways to Save Consumers Millions in Unaffordable Predatory Financial Services Fees

April 23, 2025

House Republicans Ignore Rising Prices, Vote to Keep $35 Big Bank Overdraft Fees

April 9, 2025

Chase, Wells Fargo, Navy Fed Top Overdraft Fee Offenders List

April 3, 2025

Nearly Every GOP Senator Votes to Saddle Struggling Families With Excessive Overdraft Fees

March 27, 2025

Court Permits Groups to Defend Overdraft Rule

March 5, 2025

276 Groups Oppose Bill, with Wednesday Vote, to Allow Big Banks to Impose Large Overdraft Fees

March 4, 2025

Senate, CFPB Move to Weaken Fraud and Privacy Protections in Payment Apps and Digital Wallets

March 4, 2025

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