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NCLC in the News

Select media clips. Journalists interested in speaking with an expert at the National Consumer Law Center should contact Jan Kruse (This email address is being protected from spambots. You need JavaScript enabled to view it. or 617.542,8010).

Press Releases

Survey of State Government Payroll Cards: Thumbs Up for Cash Access and Thumbs Down on Overdraft Fees

READ the report, view state ratings and other supplementary materials:

(WASHINGTON) Payroll cards used by many state governments to pay their employees can be a faster, cheaper, and more convenient way to receive pay than paper paychecks, according to a new report by the National Consumer Law Center. But some states allow their payroll cards to charge overdraft fees and other junk fees that eat into wages. “Every one of the 19 state payroll cards allows workers to withdraw their entire wages for free at a nearly any bank teller window, and to make one free ATM withdrawal, at least once per pay period,” said Lauren Saunders, associate director of the National Consumer Law Center and author of Rating State Government Payroll Cards.

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Congress Set to Allow Robocalls to Cellphones

Congress and Obama Administration Poised to Open the Floodgates for
Debt Collector Robocalls to Cellphones

(WASHINGTON) Hidden in the federal budget bill before Congress is a provision that would open the door to unwanted robocalls to cell phones for student loan borrowers, mortgage borrowers, taxpayers, and others with debt backed by the federal government. The provision would also allow robocalls to borrowers' relatives, their references, as well as any unrelated person who has the reassigned cellphone number of these parties.
Section 301 removes the current requirement for a caller to have the consent of the called party before making autodialed or prerecorded calls or texts for the collection of debts owed or guaranteed by the federal government. It also removes the ability of the called party to stop these unwanted robocalls to their cellphones.
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New Education Rules Will Protect Students from High Fee Campus Prepaid and Debit Cards

FOR IMMEDIATE RELEASE: OCTOBER 27, 2015|| Contact: Lauren Saunders, This email address is being protected from spambots. You need JavaScript enabled to view it. or 202.595.7845

(WASHINGTON) New rules announced today by the U.S. Department of Education will protect students who are offered prepaid and debit cards through their colleges and universities. "The new rules will stop schools and prepaid card companies from using unfair and deceptive tactics to push students into using cards that are heavy on fees," said National Consumer Law Center Associate Director Lauren Saunders.
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Report: Account Screening Consumer Reporting Agencies Impede Access for Millions

FOR IMMEDIATE RELEASE: OCTOBER 19, 2015; National Consumer Law Center || Cities for Financial Empowerment Fund || Bank On
Contacts: CFE Fund: Joel Moore, This email address is being protected from spambots. You need JavaScript enabled to view it. or 212.885.0468, NCLC: Chi Chi Wu, This email address is being protected from spambots. You need JavaScript enabled to view it. or 617.542.8010

New Report Documents How Account Screening Consumer Reporting Agencies Impede Banking Access for Millions
Report Details Key Reforms for Both Industry and Regulatory Leaders

WASHINGTON, D.C. – While a lack of financial education is often cited as the key reason tens of millions of people across the country don't have bank or credit union accounts, in fact, millions are shut out from the mainstream banking system because of a small group of little-known companies who manage databases used by financial institutions to determine whether or not to allow a consumer to open an account. A new report released today by the Cities for Financial Empowerment Fund (CFE Fund) and the National Consumer Law Center (NCLC) entitled "Account Screening Consumer Reporting Agencies: A Banking Access Perspective" outlines the tremendous and deeply flawed role that "account screening consumer reporting agencies" (CRAs) play in determining whether consumers can obtain an account. The report raises concerns about these companies, financial institutions' use of their reports, and offers solutions both for industry leaders and regulators.
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