Resources Archive

107 Advocacy Groups Comments Supporting CFPB Medical Debt Credit Reporting Ban Proposal

These are comments from 107 consumer, health care, civil rights, faith-based, economic development, legal services, and advocacy organizations supporting the Consumer Financial Protection Bureau’s proposed rule banning medical debt from credit reports. The proposed rule will benefit the 15 million consumers unfairly burdened by medical debt on their credit reports, disproportionately affecting Black and Latino…

Myths and Facts About Ways to Increase Small Dollar Mortgage Lending

August 9, 2024

In this issue brief, we debunk certain myths about the barriers to small-dollar mortgage lending and set out recommendations for meaningful progress.

Policy Recommendations: Ways to Prevent Built-to-Fail Land Contracts and Lease-Options From Hijacking the American Dream of Homeownership

August 9, 2024

A significant number of Americans have attempted to become homeowners through “rent-to-own” transactions – either a land contract or a lease with option to buy. Often, these contracts are built to fail. In this issue brief, we provide policy recommendations to prevent harmful practices and incentivize success.

Coalition Memo to Federal Agencies Urging Consumer Protections for Green Lending

August 6, 2024

Surging public and private investment in consumer-facing green lending products1 promises to lower household energy bills, improve environmental quality and health, combat climate change, and better protect families from climate impacts. The inrush of capital and new products can also expose families to predatory financing, unsuitable products, and outright fraud. The urgency to deploy capital…

Letter in Support of the Stop Corporate Capture Act

July 22, 2024

NCLC joins with others in support of the Stop Corporate Capture Act (H.R. 1507). This bill is critically important legislation that offers the necessary comprehensive blueprint for modernizing, improving, and strengthening the regulatory system to protect the public more effectively. Importantly, this bill also codifies Chevron deference to agency rulemaking, which was recently eliminated by…

Petition to the CFPB for FCRA Rulemaking on Coerced Debt

August 2, 2024

NCLC and CSAJ submit this petition for rulemaking under the FCRA to the CFPB asking the Bureau to:

NCLC Comments to CFPB on Fees Imposed in Residential Mortgage Transactions

August 2, 2024

Closing costs are an expensive and confusing part of obtaining a mortgage. While addressing these issues can have some effect on entrance into the homeownership market and can also affect the cost of refinancing into a more affordable monthly payment, the Bureau should also focus on other more significant barriers to affordable homeownership, such as…

Letter from 31 Public Interest Organizations to the FCC in Support of Opening a Rulemaking on Bulk Billing of Internet Service

July 31, 2024

The FCC has not yet voted on opening a notice of proposed rulemaking (NPRM) regarding bulk billing of internet service in multi-tenant environments. There was a press release that the FCC was going to issue an NRPM that proposed providing tenants with the ability to opt-out of a bulk billing arrangement. Without this ability, tenants…

90 Consumer, Civil Rights and Community Organizations and Academics Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule

August 1, 2024

The 90 undersigned consumer, civil rights and community organizations and academics submit these comments on the Consumer Financial Protection Bureau’s Interpretive Rule regarding buy now pay later (BNPL) credit. We support the CFPB’s conclusion that accounts used to access BNPL credit are credit cards that must comply with credit card rules governing disputes, errors, periodic…

NCLC & Consumer Reports Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule

August 1, 2024

Consumer Reports and the National Consumer Law Center, on behalf of its low-income comments, submitted comments on the Consumer Financial Protection Bureau’s (CFPB) proposed Interpretive Rule under the Truth in Lending (Regulation Z) on Use of Digital User Accounts to Access Buy Now, Pay Later Loans. As we described more fully in response to the…

Comments on Interagency Guidance Regarding Unfair or Deceptive Credit Practices

October 27, 2014

The National Consumer Law Center, on behalf of its low-income clients, the Center for Responsible Lending, Consumer Action, the Consumer Federation of America, the National Association of Consumer Advocates, the New Economy Project, and U.S. PIRG, write to comment on the issuance of the Interagency Guidance regarding Unfair or Deceptive Credit Practices (“Guidance”) and the…

Comment on California Earned Wage Advance Regulation

July 24, 2024

Consumer and labor organizations submitted comments to the California Department of Financial Protection and Innovation urging DFPI to update the proposed regulations for earned wage advances to require providers to comply with California’s interest rate limits.

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