Download issue briefs summarizing protections for prepaid cards and accounts, payroll cards, and government benefit prepaid cards at https://www.nclc.org/issues/prepaid-debit-cards.html. (WASHINGTON) A new rule issued by the Consumer Financial Protection Bureau (CFPB) goes into effect April 1 providing protections for prepaid cards, payroll cards, government benefit cards, and certain mobile and online person-to-person payment services. “Consumers…
FOR IMMEDIATE RELEASE: March 28, 2019 (Washington) The Federal Communications Commission (FCC) has proposed to cap the Universal Service Fund programs, which provide essential funding for affordable telecommunications services for low-income households and supports affordable broadband in rural areas, and for schools, libraries and rural healthcare facilities. Following is a statement from National Consumer Law…
National Consumer Law Center Recommends Reforms to Mitigate Harms to Families by Private Corporations Administering Our Criminal Legal System For Immediate Release: March 20, 2019 Download the full report, including an analysis of harms, a sector-by-sector overview, graphic on the Private Criminal Legal System Cycle, and complete list of policy recommendations at: http://bit.ly/2W7zq9E Boston –…
FOR IMMEDIATE RELEASE: MARCH 18, 2019 Trump calls for elimination of Legal Services Corp and home energy assistance; supports cuts and changes to weaken the Consumer Financial Protection Bureau and Social Safety Net for Older Adults Washington – President Trump’s proposed budget once again seeks to eliminate funding for programs that have bipartisan support that help rural families, elders, struggling…
Read More about President’s Proposed Budget: Poor Vision for Low-Income and Older Consumers
FOR IMMEDIATE RELEASE: March 11, 2019 National Consumer Law Center Urges Regulators and Policymakers to Maintain Consumer Protections and Proceed with Caution Download the report at: http://bit.ly/2Tx9BmG 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…
FOR IMMEDIATE RELEASE: March 5, 2019 Despite using the least energy, households with the least means are shouldering the greatest energy burdens WASHINGTON ― A new report, “Reversing Energy Systems Inequity: Urgency and Opportunity During the Clean Energy Transition,” examines fundamental inequities of our current energy landscape, which can lead to dangerous repercussions, and the…
FOR IMMEDIATE RELEASE: March 4, 2019 Consumer Advocates Urge Strong Consumer Protections for Borrowers of Property Assessed Clean Energy (PACE) Loans WASHINGTON– Today, advocates at the National Consumer Law Center applauded the Consumer Financial Protection Bureau (CFPB) for taking its first step in initiating a rulemaking to curtail consumer abuses in the PACE loan program and…
Read More about Advocates Applaud CFPB’s Intention to Deal with PACE Loan Program Abuses
FOR IMMEDIATE RELEASE: March 4, 2019 BOSTON– Liberty Bank, the Connecticut Fair Housing Center, Inc. (“Center”) and the Center’s co-counsel, the National Consumer Law Center, jointly announced today a comprehensive plan to promote homeownership and enhance access to credit in underserved communities. The Center and Liberty have agreed to an innovative residential lending strategy that…
FOR IMMEDIATE RELEASE: February 25, 2019 National Consumer Law Center Attorney Chi Chi Wu to Testify on February 26 at U.S. House Hearing: Holding Credit Bureaus Accountable and Repairing a Broken System Download the report at: https://bit.ly/ajustre Wu’s testimony will be available to download on or before Feb. 26 at 8am ET at: http://bit.ly/fcr-score Boston…
National Consumer Law Center’s 50-State Review of Laws Used to Pursue Criminal Charges against Rent to Own Customers For Immediate Release: February 21, 2019 Download the full report, including an analysis of rental theft laws of 50 states and Washington, D.C., and complete list of policy recommendations at https://bit.ly/rto-racket Boston – Across the nation, the $8.5…
BOSTON – The following statement is by Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project in response to the new report by the U.S. Department of Education’s Office of Inspector General, Federal Student Aid: Additional Actions Needed to Mitigate the Risk of Servicer Noncompliance with Requirements for Servicing Federally…
FOR IMMEDIATE RELEASE: February 12, 2019 A group of 80 consumer, civil rights, legal services, labor, environmental, and community groups today expressed their strong opposition to the proposed changes to the Consumer Financial Protection Bureau’s no-action letter policy and its proposed product sandbox. A copy of the coalition letter can be found here. Several national…
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