The undersigned 201 consumer, civil rights, labor, legal services and community organizations and academics write to urge you to oppose efforts to overturn the Consumer Financial Protection Bureau’s overdraft fee rule, which will reduce most overdraft fees from $35 to $5, stop manipulative practices by big banks, improve transparency, and put $5 billion back into…
Read More about 201 Groups Oppose Repealing CFPB Overdraft Fee Rule
NCLC urges the Washington state House of Representatives to oppose HB 1599. This bill will substantially weaken Washington’s protections against unfair debt adjustment (debt settlement) services.
Read More about Testimony Against Washington Debt Adjustment Bill HB 1599
HB 59 would exempt fintech payday loans from New Mexico’s lending laws and interest rate limits. The bill is based on the model law by the conservative American Legislative Exchange Council (ALEC). It offers a fee limit that would still result in triple digit APRs and mounting fees, places no cap on purportedly voluntary “tips”…
NCLC filed comments with Justice in Aging and Community Catalyst to HHS to help better understanding the impact of medical debt on older adults. The comments support the addition of medical debt questions on the CMS Medicare Current Beneficiary Survey (MCBS), an annual survey of people covered by Medicare to better understand their health care…
Read More about Joint Comments to CMS on Medicare Current Beneficiary Survey
The CFPB issued an advisory opinion to remind debt collectors that attempting to collect medical debts that are not owed and certain other tactics are unlawful under the FDCPA.
Companies that profit by cheating and exploiting our military and veterans are attacking the CFPB.
Read More about The CFPB: Protecting Servicemembers and Veterans
Testimony in support of HB 268, which creates consistent guidelines and discounts for patients seeking to access financial assistance, expands eligibility for financial hardship assistance, prohibits reporting hospital medical debt to credit reporting agencies, and bans hospital lawsuits for medical debt of $500 or less in Maryland.
The CFPB's new overdraft fee rule closes a paper-check-era loophole that promotes abusive practices and allows the biggest banks to earn billions in profits from the most vulnerable families.
Read More about Overdraft Rule Returns $5 Billion in Big Bank Junk Fees to Consumers’ Pockets
This report looks at one little-known method of collecting criminal justice debt—seizing income tax refunds—and highlights the financial harms for justice-involved individuals and their families when the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) are seized as part of that tax refund. This report: Summary of Recommendations: Federal and state governments…
Read More about Seizing the Safety Net: Collecting Criminal Justice Debt with Tax Refund Offsets
These NCLC Digital Library resources explain what zombie second mortgages are, why they are such a problem, and ways homeowners can stop foreclosures.
