Resources Archive

Comment to CSBS Regarding Draft Model Law Language for MSBs

November 5, 2019

Comment to the Conference of State Bank Supervisors re: Draft Model Law Language for MSBs Request for Comment

Group Comments on Proposed Guidelines for Evaluating Account and Service Requests

July 12, 2021

Comments of the National Consumer Law Center, Center for Responsible Lending, and National Community Reinvestment Coalition to the Board of Governors of the Federal Reserve System on the Proposed Guidelines for Evaluating Account and Service Requests.

Comment Letter Regarding Deposit Insurance Application from Rakuten Bank America

February 19, 2021

National organizations maintain that Rakuten's application for deposit insurance for an Industrial Loan Charter (ILC) would not accord with safety and soundness standards for banks and has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served.

Joint Consumer-Industry Comments Regarding Collection of Checks & Other Items by Federal Reserve Banks and Transfers Through Fedwire

September 9, 2021

The undersigned provide input the Federal Reserve Board on the Notice of Proposed Rulemaking concerning Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire. As described below, we support the Fed’s efforts and recognition of the need to craft rules to govern the operation of FedNowsm and expectations of…

Coalition Letter to Treasury Urging Improvement to Staffing, Transparency & Data Collection for the Homeowner Assistance Fund

September 17, 2021

On behalf of the clients and communities we represent, we urge the Treasury Department to ensure accessibility, transparency, and accountability in the Homeowner Assistance Fund (HAF) program. HAF assistance was included in President Biden’s American Rescue Plan because many homeowners across the nation will be facing foreclosure in the coming months, especially homeowners of color who have been hardest hit by the pandemic.

Coalition Letter Urging Congress to Provide Robust Funding for the United States Postal Service

May 6, 2020

The 100 undersigned organizations urge Congress to support robust funding for the United States Postal Service (USPS) in the next coronavirus response package.

Coalition Letter Urging CFPB to Extend Pre-Foreclosure Protections into 2022

October 13, 2021

Coalition Letter to CFPB re: Need for Pre-Foreclosure Protections in 2022 Due to the Ongoing COVID-19 Pandemic

Coalition Letter to the CFPB Opposing Payday Disclosure Testing

December 14, 2020

The Center for Responsible Lending and the undersigned consumer, civil rights, community and faithbased organizations oppose the Bureau’s plans to engage in payday loan disclosure testing. We do so in the broader context of the Bureau’s having repealed much-needed substantive ability-to-repay protections without basis and in light of the overwhelming evidence that disclosures will not protect consumers from the harms associated with payday lenders’ practice of making payday loans without reasonable ability-to-repay determinations.

Coalition Letter to President Biden Regarding Extending the Pause on Student Loan Payments

June 30, 2022

We, the undersigned 180 organizations, are writing to strongly urge your administration not to threaten the financial security of people with student debt as a tactic to fight inflation. Instead our organizations urge you to enact robust student debt cancellation that is not means tested and does not require an opt-in for participation and to fully implement this policy before any student loan bill comes due.

Coalition Letter to OMB Urging a Swift and Substantial Government Response to Meet the Scale of the COVID-19 Crisis

June 18, 2020

The mounting public health and economic costs of the Coronavirus pandemic require swift and substantial government response to meet the scale of the crisis. Congress has already passed essential legislation that provides trillions of dollars of economic relief and public health investments. But enacting legislation is only the beginning.

Coalition Letter to U.S. Department of Education in Response to a Notice of Negotiated for Programs Authorized Under Title IV

July 1, 2021

Comments in response to the May 24, 2021 Federal Register notice of negotiated rulemaking (Docket ID ED-2021-OPE0077) for programs authorized under Title IV of the Higher Education Act of 1965, as amended (HEA).

Coalition Letter to the U.S. Department of Education Regarding Public Service Loan Forgiveness Waiver & Income-Driven Repayment Adjustment

July 22, 2022

The undersigned organizations representing students, student loan borrowers, educators andother public service workers, and consumers write to urge you to extend, expand, and coordinatemore closely the announced Public Service Loan Forgiveness (“PSLF”) waiver (“Waiver”), Income-Driven Repayment (“IDR”) Account Adjustment (“Adjustment”), and payment pause to fulfill the promise of affordable and manageable loan repayment for borrowers.

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