The undersigned civil rights and consumer advocacy organizations lodged their objection to the merger application of Enova International, Inc. (Enova) and Grasshopper Bank. Enova’s history of engaging in high-cost lending to individuals and small businesses are not only high-risk for the de novo financial institution but harmful to consumers. Indeed, Enova has been subject to…
Letter from 45 organizations opposing a discussion draft that would amend the Gramm-Leach-Bliley Act(GLBA), because the draft bill is both inadequate and harmful to consumer protection:
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The National Consumer Law Center strongly urges Representatives Scott Conklin and John A. Lawrence to support HB 2120. This critical legislation protects Pennsylvania homeowners from the dangers they face when signing shared equity agreements (SEA), a predatory form of mortgage loan. While marketed as easy cash, SEA mortgages function like the dangerous subprime mortgages that…
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States, counties, and local governments can help protect immigrants, their families, and communities from financial exploitation and other consumer abuses.
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These written comments to the Massachusetts Department of Public Utilities oppose adding increased fixed charges to utility bills.
This is written testimony to the DC Council Housing Committee on B26 0595 True Act, a ratio utility billing systems (RUBS) transparency bill. The testimony recommends the DC Council prohibit RUBS and lists the harms to tenants and to energy and water conservation goals for the District of Columbia. The testimony provides examples from other…
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An unprecedented national bank application would allow a lender to expand lending at interest rates of 100% or higher.
Read More about Trump Administration Must Deny Enova's Bid to Make 100% APR Loans In Every State
This is sign-on testimony in support of Maryland HB1253 to stop the ability of regulated gas companies to put ratepayers on the hooks for tens of billions of dollars for gas line replacement that does not prioritize public safety, more cost effective alternatives and it stops the ability of gas companies to bypass the normal…
The letter is about the failure of a regulated gas company in MD (WGL) to comply with state law regarding gas infrastructure replacement, Next Generation Energy Act (modifies the STRIDE law), to prioritize safety and demonstrate cost effectiveness, including repair of gas lines over replacement. Marylanders are overpaying for gas because of industry abuses that…
Read More about Sign-on Letter to Maryland PSC Re WGL's Compliance with a Gas Line Replacement Law
This NCLC testimony oppose 4 bills discussed at a hearing entitled “Promoting Access to Credit for Everyday Americans”. The bills are giveaways to the Big Three credit bureaus, touted as helping consumers but actually benefiting industry while harming everyday people. H.R. 5775, the FCRA Liability Harmonization Act, would dramatically reduce accountability for credit bureaus and…
