December 1, 2021 CFPB should enact rule requiring all banks, credit unions to end abusive, high-cost overdraft loans WASHINGTON – Advocates at the National Consumer Law Center praised today’s announcement by Capital One Bank that it is completely eliminating all overdraft and nonsufficient funds (NSF) fees on all of its accounts – calling on other [...]

November 30, 2021 WASHINGTON – Advocates at the National Consumer Law Center applauded District of Columbia Attorney General Karl Racine’s announcement today that DC has reached a settlement with predatory rent-a-bank lender OppFi that requires it to abide by the District’s interest rate limits and to provide over $2 million in relief to wronged consumers. [...]

November 19, 2021 President Biden's Build Back Better Act Passes House, More Must Be Done to Protect Expanded Child Tax Credits WASHINGTON – Consumer advocates today praised the House passage of the Build Back Better Act. Along with the extension of the expanded Child Tax Credit and other big ticket items, the bill also includes [...]

November 17, 2021 Bipartisan bill enacts rate cap popular among voters of all stripes WASHINGTON – Advocates at the National Consumer Law Center applauded the introduction of the Veterans and Consumers Fair Credit Act (VCFCA) in the U.S. House of Representatives, led by Rep. Jesus “Chuy” Garcia (D-IL) and Rep. Glenn Grothman (R-WI). “Republican and [...]

November 15, 2021 New Analysis Finds Nearly One Million Massachusetts Residential Utility Customers At Risk of Utility Service Being Shut Off Download report at: https://bit.ly/more-covid-util-arrearages BOSTON – Close to a million people could be at risk of losing gas and electric service in Massachusetts, according to a new analysis from the National Consumer Law Center. [...]

November 10, 2021 Download the full report, state maps and state-specific information:  https://www.nclc.org/issues/report-still-no-fresh-start.html BOSTON – With millions of families struggling to recover from the economic fallout of the COVID-19 pandemic, and state and federal payment forbearances, eviction bans and utility shut off moratoriums coming to an end, states maintain a vital role in protecting households [...]

November 8, 2021 U.S. House Votes to Advance President Biden's Infrastructure Package WASHINGTON – Consumer advocates praised the House passage of H.R. 3684, the Infrastructure Investment and Jobs Act (or “IIJA”). Along with major items such as investment in water infrastructure, IIJA helps low-income families bear rising energy costs and aims to close the digital [...]

November 4, 2021 BOSTON – National Consumer Law Center advocates applaud the Consumer Financial Protection Bureau’s (CFPB) advisory opinion affirming that consumer reporting agencies, including tenant and employment screening companies, violate the Fair Credit Reporting Act if they use name-only matching or other insufficient matching procedures to match information to a consumer. “Too many people [...]

November 2, 2021 WASHINGTON– Today, Andrew Pizor, staff attorney at the National Consumer Law Center, testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs during “The Libor Transition: Protecting Consumers and Investors” hearing on the consumer and investor impact of transitioning from the Libor benchmark interest rate.  "The end of the Libor [...]

November 1, 2021 WASHINGTON– On Tuesday, Nov. 2 at 10 am ET, Lauren Saunders, associate director of the National Consumer Law Center will testify before the U.S. House Committee on Financial Services’ Task Force on Financial Technology during a hearing titled, “Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other Emerging [...]