2023 Update: Some States Tighten Rules Against High-Cost Installment Loans; Others Increase Interest Rates and Allow Junk Fees to Pile On
Clear Rate Caps that Prevent Evasions are Critical to Protecting Consumers from Unaffordable Loans
Newsroom
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Gov. Healey and Mass. Legislature Put Families Over Prison Profiteering with Free Phone Calls for Incarcerated People
Governor Maura Healey signed a bill establishing Massachusetts as the fifth state to make prison phone calls free statewide and the first state to include provisions for free calls from county jails.
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VA Foreclosure Pause Will Prevent Thousands of Veteran Foreclosures
The U.S. Department of Veterans Affairs called on mortgage servicers to pause foreclosures until May 31, 2024.
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File Comments about Rental Junk Fees with the FTC
File comments with the FTC on rental junk fees before Jan. 8, 2024
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Illinois Commerce Commission Approves Robust Discounted Utility Rates
Income-Based Utility Rates Will Help Financially Struggling Gas Utility Customers Across Illinois and Offer Powerful Model for Other States CHICAGO – The National Consumer Law Center (NCLC), its client, Community Organizing and Family Issues (COFI), and Legal Action Chicago (LAC) today applauded three decisions issued by the Illinois Commerce Commission that, for the first time…
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More than 100 Organizations Urge CFPB to Rein In Big Banks' Use of Forced Arbitration
100+ organizations filed a comment asking the CFPB to create a rule to restore the right of all Americans to decide to file a case in court rather than be forced into arbitration by big banks and other financial services corporations.
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Statement of NCLC Managing Attorney Lauren Saunders On OCC Final Preemption Rule
We are disappointed that the Office of the Comptroller of the Currency (OCC), in its final rule implementing the preemption amendments of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, continues to thumb its nose at state efforts to protect consumers. The agency gives national banks immunity from state laws protecting consumers…
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The New York Times: TransUnion Failed to Quickly Place or Remove Freezes on Credit Reports
Originally appearing in The New York Times on October 27, 2023, Ann Carrns looks at the practice of freezing your credit report, long regarded as one of the best steps to take to make sure identity thieves cannot obtain loans or credit cards in your name, and talks to NCLC senior attorney Chi Chi Wu…
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USA Today: Interest rates on some retail credit cards climb to record 33%. Can they even do that?
Originally appearing in USA Today on November 1, 2023, Daniel de Visé talks to NCLC senior attorney Chi Chi Wu about rising credit card interest rates. “Yep. They can charge that much. Credit cards can actually charge whatever they want. It’s a little-known fact.” Chi Chi Wu, a senior attorney at the nonprofit National Consumer…
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NCLC Applauds President Biden’s Directive as a First Step in Regulating AI’s Potential to Harm Consumers
President Biden’s executive order on artificial intelligence is a much needed first step in developing safeguards to ensure that this technology does not widen existing racial disparities in housing, lending, credit, and other consumer products that rely on algorithms and private consumer data. AI mines information from a wide range of sources and carries serious…
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The Dose: How Medical Debt Makes People Sicker — and What We Can Do About It
Nearly one in five Americans has medical debt. Black households are disproportionately affected, carrying higher amounts of debt at higher rates. Join host Joel Bervell on the newest episode of The Dose podcast, where he talks to Berneta Haynes, senior attorney with the National Consumer Law Center, about the history of medical debt and efforts to ease…
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Seattle Lawyer Beth Terrell Receives Consumer Law’s Highest Honor; Three Others Receive 'Rising Star' Awards
NCLC presented the award at its 31st annual Consumer Rights Litigation Conference in Chicago, where three attorneys were also recognized with NCLC’s Rising Star Award.
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