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

Crypto-assets are becoming the latest in a long line of devices used to strip wealth from communities of color and push them further behind.

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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Comments Regarding Expansion of Fedwire Funds Service and National Settlement Service Operating Hours

September 6, 2024

Comments on FinCEN’s Proposed Rule on Anti-Money Laundering and Countering the Financing of Terrorism Programs

September 3, 2024

Consumer Groups to CFPB—Please Act to Reduce Junk Fees in International Remittances

August 23, 2024

Federal Legislation Aims to Protect Consumers from Payment Fraud

August 2, 2024

How and When to Raise E-Sign Issues in Solar Cases

July 24, 2024

CNBC: CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers

July 19, 2024

NPR: After being scammed, one woman tries to get her money back

July 4, 2024

American Banker: ‘I’m left with nothing’: Life inside the Synapse collapse

June 24, 2024

TIME: Defrauded? Banks May Not Give Your Money Back

June 13, 2024

Comments & Letters

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Comments Regarding Expansion of Fedwire Funds Service and National Settlement Service Operating Hours

September 6, 2024

Comments on FinCEN’s Proposed Rule on Anti-Money Laundering and Countering the Financing of Terrorism Programs

September 3, 2024

Consumer Groups to CFPB—Please Act to Reduce Junk Fees in International Remittances

August 23, 2024

Letter Opposing HJ Resolution 109 Rescinding the Securities and Exchange Commission’s Staff Accounting Bulletin (SAB) 121

May 14, 2024

Comments on Interchange Fees Rule

May 10, 2024

Comments Supporting FTC Impersonation Rule

April 30, 2024

Coalition Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

NCLC Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

Comments on Treasury Department’s Request for Information on Financial Inclusion

February 20, 2024

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

Issue Briefs

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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

New Protections for Prepaid Cards and Accounts

March 28, 2019

New Protections for Payroll Cards

March 28, 2019

New Protections for Government Benefit Prepaid Cards

March 19, 2019

Restoring the Wisdom of the Common Law: Applying the Historical Rule Against Contractual Penalty Damages to Bank Overdraft Fees

April 17, 2013

Consumer Facts: Your Right to Know

April 27, 2011

Testimony

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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

Testimony Before U.S. House Financial Services Task Force Regarding “Banking on Your Data: The Role of Big Data in Financial Services”

November 21, 2019

Press Releases & News

View All for Press Releases & News
Federal Legislation Aims to Protect Consumers from Payment Fraud

August 2, 2024

CNBC: CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers

July 19, 2024

NPR: After being scammed, one woman tries to get her money back

July 4, 2024

American Banker: ‘I’m left with nothing’: Life inside the Synapse collapse

June 24, 2024

TIME: Defrauded? Banks May Not Give Your Money Back

June 13, 2024

CFPB’s SoLo Funds Enforcement Action is a Warning for Fintech Payday Lenders

May 20, 2024

Fed Proposal Will Make It Easier to Pay Bills, Receive Wages on Weekends

May 3, 2024

CBS News: New efforts to stop scammers from stealing through fraudulent wire transfers (video)

April 18, 2024

American Banker: It’s past time for the Fed to expand ACH settlement to weekends

April 3, 2024

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