NCLC joined a letter from other advocates opposing unprecedented and inappropriate use of the Congressional Review Act to attempt to repeal waivers, orders and other actions that do not fit the CRA guidelines.
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Consumers need clarity about the application of the EFTA and Regulation E to emerging payment mechanisms. More specifically, consumers utilizing crypto-assets as payments and holding funds in accounts through gaming platforms, credit card rewards, and similar devices need the protection of the EFTA— its error resolution procedures, limits on consumer liability for unauthorized EFTs, and…
NCLC opposes Maryland HB 1294 (Wilson), which authorizes high fees and exempts earned wage advances and other new forms of payday loans from Maryland’s 33% APR interest rate limit.
Read More about Testimony Opposing Maryland HB 1294 Earned Wage Access
Re: Oppose S.J. Res. 18 (Scott), CRA Resolution to Overturn CFPB Rule on Overdraft Lending: Very Large Financial Institutions Dear Representative, The undersigned 295 consumer, civil rights, labor, legal services and community organizations and academics write to urge you to oppose S.J. Res. 18 to overturn the Consumer Financial Protection Bureau’s overdraft fee rule, which…
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This brief disaggregates arrearage data by customer class, looking at the discount rate and standard rate customers separately.
Read More about Massachusetts Discount Rate Customers Falling Farther Behind on Utility Bills
This one pager explains why the Closed School Discharge program is essential to preserve as federal lawmakers consider cuts to federal student loan programs.
Read More about Debt Without a Degree: Preserving Protections for Students When Schools Close
The use of artificial intelligence in housing and consumer credit, banking and other critical financial transactions may lead to unlawful discrimination in violation of consumer protection, fair lending and civil rights laws. An Action Plan must guard against the systemic risks posed to consumers by the deployment of AI systems with the capacity to make…
Read More about Comments on the Development of an Artificial Intelligence (AI) Action Plan
This comment letter makes suggestions to FHA’s proposed Equity Saver Sale (ESS) program in order to make it more efficient for FHA, borrowers, and mortgage servicers.
Read More about NCLC Comment to FHA's Equity Saver Sale (ESS) Proposal
After the Trump administration's all-out assault on equity, civil rights, racial justice, and the rule of law, new forms of digital discrimination, amplified by artificial intelligence, will flourish.
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This joint advocacy and industry letter supports FHA’s loss mitigation program.
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