(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…
The Justice Department announced today that Attorney General Merrick B. Garland has selected Tara Twomey to serve as Director of the U.S. Trustee Program (USTP) at the Department of Justice. “The United States Trustee Program plays a critical role in ensuring the fairness of the bankruptcy process — including by providing impartial oversight and protecting…
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National Consumer Law Center Urges Regulators and Policymakers to Maintain Consumer Protections and Proceed with Caution Washington – The use of technology in financial products and services (fintech) is resulting in a wide array of new approaches to financial products and services. A new report from the National Consumer Law Center provides a snapshot of…
Early in Aubrey Plaza’s recent movie, Emily the Criminal, her character is seen calling her student loan servicer, between food delivery shifts, to ask why her recent $400 payment wasn’t applied to her balance. She is stunned by the response: “It was applied to my interest? Sorry, how much interest is being added a month?” The…
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The Administration’s plan would reduce loan bills for eligible borrowers and fix several program flaws, but misses opportunities to make repayment work for low-income borrowers WASHINGTON – Today, the Department of Education proposed regulations that would significantly change income-driven repayment (“IDR”) plans for tens of millions of federal student loan borrowers. While the changes to…
Credit Acceptance Corporation Allegedly Misrepresented the True Cost of Credit, Profited from Financing Designed to Fail Boston – Yesterday, the Consumer Financial Protection Bureau (CFPB) and the Attorney General of New York (NY AG) filed a complaint against Credit Acceptance Corporation (CAC), a predatory subprime auto finance company for misrepresenting the cost of credit and tricking…
Read More about Advocates Praise CFPB, New York AG for Action Against Auto Finance Company
WASHINGTON — Tonight, at 9:00pm ET, NCLC staff attorney Abby Shafroth will join a group of experts, lawyers and advocates for a press conference by telephone to analyze the first briefs from the White House in the U.S. Supreme Court cases challenging President Biden’s student loan relief program. The first briefs from the White House…
BOSTON – In reaction to today’s release by the Consumer Financial Protection Bureau (CFPB)’s of a report detailing improvements and deficiencies in the responses of the Big Three credit bureaus [Equifax, Experian and TransUnion] to complaints filed with CFPB, Chi Chi Wu, staff attorney at National Consumer Law Center, issued the following statement: “Today’s CFPB…
Read More about CFPB Report Shows Progress in Taming Credit Bureaus’ Mistreatment of Consumers
The economic harm caused by the COVID-19 pandemic will soon translate into pervasive credit reporting harm, as millions of consumers become unable to pay their credit obligations, and creditors, debt collectors, and others furnish negative information about them to the nationwide consumer reporting agencies (CRAs). This NCLC Digital Library article explains how consumers can protect…
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The National Consumer Law Center advanced consumer justice in many ways in 2022. In addition to direct advocacy on behalf of low-income consumers, we provided training to the consumer law community through in-person conferences, digital articles and publications, online resources, and in the media. Here’s a look at NCLC in numbers in 2022. Conferences In-person conferences:…
TEXAS – Today, a coalition representing a broad cross-section of consumers, including communities of color and communities with lower incomes, urged a federal court to uphold the Consumer Financial Protection Bureau’s (CFPB) authority to hold financial institutions accountable for discriminatory practices. This brief, filed by Democracy Forward on behalf of the California Reinvestment Coalition (CRC), National Community Reinvestment Coalition (NCRC), National Association…
The legislation supporting prison reform will help families stay connected while saving them millions of dollars WASHINGTON — Today, the Martha Wright-Reed Just and Reasonable Communications Act of 2022 was passed by the House of Representatives and is headed to the President’s desk. This historic victory comes a decade after Color Of Change, its members and partners pressured…
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