118th Congress (2023-2024) Access to Justice Banking, Payments & Remittances Consumer Protection Regulation Credit Reporting & Data Fairness Criminal Justice Debt & Bankruptcy Disaster Relief Energy Efficiency Energy, Utilities & Telecommunications Equity & Racial Justice High-Cost Credit Homeownership & Foreclosure Language Access and Immigrant Rights Payments & Payment Fraud Student Loans 117th Congress (2021-2022) Access…
The National Consumer Law Center releases the revised 2023 edition of Surviving Debt, which provides precise, practical advice for families and individuals living with debt burdens. BOSTON – The National Consumer Law Center (NCLC) has released the new and revised 2023 edition of Surviving Debt, the book recently named “best all-around guide to navigating debt”…
Advocates applaud FHA's decision to give all borrowers facing financial hardship access to crucial foreclosure alternatives that the agency developed in response to the pandemic.
Read More about Advocates Praise FHA’s Expansion of Access to Foreclosure Alternatives
Government-Sponsored Enterprises (GSEs) Undercut Goals of Expanding Homeownership Through Bulk Sales of Homes to Investors WASHINGTON – Today, the National Consumer Law Center released a report examining how Fannie Mae’s and Freddie Mac’s bulk sale of 700,000 home loans to private investors has undercut their goals of supporting and expanding homeownership. Fannie Mae and Freddie…
Read More about Fannie Mae/Freddie Mac Note Sales Undermine Homeownership
BALTIMORE – With millions of families struggling to find financial stability as soaring inflation drives up the costs of basic necessities, our state legislature plays a vital role in protecting Maryland households from seizure of essential wages and property to pay old debts. But according to a new report from the National Consumer Law Center…
This article provides practical steps to respond to an Eleventh Circuit ruling challenging extra recoveries for class action named plaintiffs—a ruling that could otherwise have serious consequences for the prosecution of consumer class actions. The article also includes other class action practice tips. The article explains how the Supreme Court’s Ramirez ruling should breathe new life into…
“Small business” cards, prepaid cards with “checks” would have overdraft fees (WASHINGTON) The prepaid card provider NetSpend, a division of Total System Services (TSYS), is planning changes to its prepaid card problems to evade new rules by the Consumer Financial Protection Bureau (CFPB) and avoid losing $80 million in overdraft fee revenues. “The CFPB just…
Many higher education institutions use prepaid cards or identification cards linked to bank accounts to disburse financial aid credit to students. Financial aid credit is a student’s remaining financial aid funds after tuition payment and other direct payments to the school have been made. Schools contract with third party card servicers to steer students into…
(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…
Read More about Justice Department Announces New Director of the U.S. Trustee Program
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…
Read More about Op-Ed in The Hill: Ending the black hole that’s devouring student loan payments
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate
