At least 45 states and the District of Columbia (DC) cap rates on at least some installment loans. But high-cost lenders are increasingly using rent-a-bank schemes with a small number of rogue banks, which are not subject to state interest rate limits, to evade state rate caps on installment loans and lines of credit.
Our organizations write to ask the Franchise Tax Board (FTB) to immediately suspend all income tax intercepts through July 31, 2022, for non-tax debts owed to state and local governments. The impacts of the COVID-19 public health emergency and resultant economic crises that led to the FTB suspending tax intercepts in 2020 and 2021 have…
This report discusses the intersections between the racial health gap and racial wealth gap, “charity care” or hospital financial assistance programs, and the harms of aggressive medical debt collection.
Read More about The Racial Health and Wealth Gap: Impact of Medical Debt on Black Families
This spreadsheet has state-by-state information about which high-cost rent-a-bank lenders are operating in each state. The state-specific issue briefs below have an overview of rent-a-bank lending in these states (updated February 2022): Predatory Rent-a-Bank Lending in Alaska Predatory Rent-a-Bank Lending in Arizona Predatory Rent-a-Bank Lending in Arkansas Predatory Rent-a-Bank Lending in Colorado Predatory Rent-a-Bank Lending in Florida…
Read More about Predatory Rent-a-Bank Lending in the United States
In this course, advocates and front-line social service workers who assist low-income, Massachusetts consumers learn the eligibility requirements for utility discounts, how to prevent service from being shut off, how to restore service if it has been terminated, and how to manage past due balances. Throughout the year, NCLC staff periodically offers this free course…
Read More about Massachusetts Utility Consumer Rights Course
For the nearly one-third of adults in the U.S. with a record of arrest or conviction, their record is not simply part of their past but a continuing condition that impacts nearly every aspect of their life.
The Homeowner Assistance Fund (HAF) was established as part of the American Rescue Plan of Under HAF, the United States Department of the Treasury is providing $9.9 billion in financial assistance through states, territories and tribes. States have the flexibility to allow eligible homeowners to use HAF funds to, for example, reinstate a delinquent mortgage,…
Read More about NCLC Model Language to Protect Homeowners Applying for HAF Funds
