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.

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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Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of First Electronic Bank

March 21, 2023

Op-Ed in American Banker: “It is essential that we protect consumers from fraud over P2P networks”

March 15, 2023

Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of Rent-a-Bank FinWise Bank

March 14, 2023

Statement for the Record for Hearing on “Coincidence or Coordinated? The Administration’s Attack on the Digital Asset Ecosystem”

March 8, 2023

Earned Wage Advances and Other Fintech Payday Loans: Workers Shouldn’t Pay to be Paid

March 3, 2023

TAB Bank, Facilitator of Predatory Puppy Loans, Gets Rating Downgraded by FDIC

February 6, 2023

Comments to FTC Regarding the Business Opportunity Rule

January 31, 2023

2023 Consumer Protection Federal Priorities

January 13, 2023

Letter to CFPB Requesting a Review of Current Regulations to Improve Usefulness and Transparency of Remittance Disclosures

January 11, 2023

Comments & Letters

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Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of First Electronic Bank

March 21, 2023

Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of Rent-a-Bank FinWise Bank

March 14, 2023

Comments to FTC Regarding the Business Opportunity Rule

January 31, 2023

Letter to CFPB Requesting a Review of Current Regulations to Improve Usefulness and Transparency of Remittance Disclosures

January 11, 2023

Comments to Treasury on Ensuring Responsible Development of Digital Assets

August 5, 2022

Consumer Comments to the CFPB Regarding Junk Fees Imposed by Providers of Consumer Financial Products or Services

May 2, 2022

Comments to Federal Reserve Board Regarding Guidelines for Evaluating Account and Service Requests

April 22, 2022

NCLC & NHLP Comments to the Consumer Financial Protection Bureau Regarding Fees Imposed by Providers of Consumer Financial Products or Services

April 11, 2022

Group Letter Supporting HR 4277, the Overdraft Protection Act of 2021

March 30, 2022

Reports

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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

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

March 3, 2023

2023 Consumer Protection Federal Priorities

January 13, 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

Testimony

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Statement for the Record for Hearing on “Coincidence or Coordinated? The Administration’s Attack on the Digital Asset Ecosystem”

March 8, 2023

Statement Before Senate Banking Committee on Overdraft Fees and Their Effects on Working Families

May 4, 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

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TAB Bank, Facilitator of Predatory Puppy Loans, Gets Rating Downgraded by FDIC

February 6, 2023

NCLC and Coalition Support Senate Bill to Close Industrial Loan Company Loophole

December 6, 2022

In Evaluating TAB Bank, FDIC Should Consider Consumer Harm, Possible Legal Violations, from Predatory Lending

June 30, 2022

New FedNow Rules Lack Fraud Protection

May 19, 2022

Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”

May 2, 2022

Advocates Applaud $4 Million DC Settlement with Predatory Rent-a-Bank Lender Elevate

February 8, 2022

Advocates Call for FDIC, Under New Leadership, to Stop Banks from Fronting for Predatory Lenders

February 4, 2022

CFPB Must Protect Consumers From Fraud in Payment Systems

December 21, 2021

Advocates Praise Cap One End to Overdraft, NSF Fees

December 1, 2021

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