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.
The CFPB has returned $21 billion+ in the forms of monetary compensation, principal reductions, canceled debts, and other consumer relief resulting from CFPB enforcement ($19.6 billion) and supervisory ($1.4 billion) work to more than 205 million consumers or consumer accounts. Learn more about the CFPB’s work by the numbers.
Identity theft is a big problem with hidden victims. Identity theft is a multi-billion dollar problem in the United States. In 2021, nearly 24 million people were victims of identity theft, and it was the single most common complaint in the Federal Trade Commission’s (FTC) law enforcement database. While people may assume that identity theft…
Read More about Robbed Behind Bars: Identity Theft Committed Against Incarcerated Victims
With the assistance of Gupta Wessler, we filed for leave to file an amicus brief in Weingot v. Unison Agreement Corp. (E.D.N.Y.) to assist the court in reaching a decision on the first case involving a home equity investment loan to reach summary judgment. The brief provides background on Unison’s business model and support for…
Read More about Amicus Brief: Weingot v. Unison Agreement Corp. et al.
Hodges v. NewRez, LLC d/b/a Shellpoint Mortgage Servicing and The Bank of New York Mellon, 1:25-cv-10147 (D. Mass.) The case seeks classwide relief against mortgage servicer NewRez, LLC, and loan holder Bank of New York Mellon for their mishandling of “zombie” second mortgages. The complaint alleges that the defendants failed, as a matter of systematic…
This overview provides a list of common consumer problems coupled with state-based policy solutions.
Read More about Overview: What States Can Do To Help Struggling Consumers
This filing was submitted to urge the FCC not to act on the “Emergency Petition for Commission to consider a stay of effective date of one-to-one rule in light of Executive Order” filed by the group known as Responsible Enterprises Against Consumer Harassment, MBC (R.E.A.C.H.). Given the harm to consumers and small businesses that would…
