Newsroom

American Banker: Why fintechs want the CFPB—not states—to rule on earned wage access

February 15, 2024

Originally appearing in American Banker on Feb. 15, 2024, Kate Berry talks to NCLC’s Associate Director Lauren Saunders about so-called earned wage advances. Lauren Saunders, associate director at the National Consumer Law Center, said the industry is trying to stall state efforts to classify payroll advances as loans and head off what could be revised guidance from…

New Report Examines Massive Overhaul of the Department of Education’s Student Loan Servicing System

February 15, 2024

USDS will improve servicing environment for borrowers, Congress must approve additional funding for effective implementation

Veteran Borrowers Need More Options to Retain their Homes and Avoid Foreclosure

February 15, 2024

NCLC Housing Expert Testifies before House Committee on Veterans’ Affairs, Highlights Need for Additional Mortgage Relief Options for Military Veterans

Digital Library: Supreme Court says Federal Agencies Can be Sued Under Fair Credit Reporting Act

February 13, 2024

A new NCLC Digital Library article looks at widespread implications for consumers using the FCRA to recover damages from federal agencies.

FCC Must Increase Accountability in Fight to End SIM Swap and Port-Out Fraud

February 13, 2024

Reply comments filed yesterday with the FCC call for substantially stronger rules to protect cell phone users from SIM swap and port-out frauds.

52 Advocacy Groups Endorse FTC’s Ban on Junk Fees

February 8, 2024

A broad coalition of consumer advocacy groups support the proposal to ban hidden and misleading fees across the economy.

Prominent Civil Litigator Elizabeth Cabraser Joins NCLC Board of Directors

February 6, 2024

Nationally renowned for representing consumers in complex civil litigation and class action lawsuits, Elizabeth J. Cabraser has joined the Board of Directors of NCLC.

The New York Times: More Tenants Can Now Add Rent Payments to Their Credit Score

January 26, 2024

Appearing in The New York Times on Jan. 26, 2024, Ann Carrns talks to Ariel Nelson, staff attorney at NCLC about how renters can increasingly choose to have their timely monthly payments reported to the credit bureaus, with the goal of improving their credit profile to qualify for loans. Consumers should be cautious, said Nelson.…

ProPublica: “We Buy Ugly Houses” Company Overhauls Policies in the Wake of ProPublica Investigation

January 24, 2024

Appearing in ProPublica on Jan. 24, 2024, Anjeanette Damon and Byard Duncan talk to Sarah Bolling Mancini, co-director of advocacy at NCLC about ongoing reforms at HomeVestors of America, the self-described largest home buyer in the country. A ProPublica investigation last year revealed predatory tactics used by the company’s franchises toward homeowners in vulnerable situations. Mancini cautioned…

American Banker Letter to the Editor: Banning medical debt from credit reports will benefit everyone

January 23, 2024

Appearing in American Banker on Jan. 23, 2024, a letter to the editor by NCLC Senior Attorney Chi Chi Wu takes on claims the Consumer Financial Protection Bureau (CFPB) is overstepping its authority by banning medical debt from credit reports. “Banning medical debts from credit reports will allow consumers to access credit more affordably, qualify…

Vox: The Biden administration’s plan to slash bank overdraft fees, explained

January 17, 2024

The Biden administration has proposed a new rule that would curb overdraft fees incurred when consumers withdraw more than the available funds in their bank account. Originally appearing in Vox on Jan. 17, 2024, Nicole Narea turns to NCLC Associate Director Lauren Saunders to help explain the rule. “These fees push people out of bank accounts and deprive them of access…

Statement in Response to Resolution to Overturn Furnace Efficiency Standards

February 1, 2024

Undoing strong efficiency standards for gas-fired furnaces would bring significantly higher costs to consumers.

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