Larger Loans Need Lower Rates: A 50-State Survey of the APRs Allowed for a $10,000 Loan
This report surveys the interest rates and loan fees allowed by all 50 states and the District of Columbia for an unsecured 5-year installment loan of $10,000.
All Resources
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Comments in DPU 24-15, Inquiry into Energy Burden and Energy Affordability
These comments discuss energy affordability programs and consumer protections, including Percentage of Income Payment Plans (PIPPs), tiered discounts, disconnection protections, extreme heat protections, and other utility consumer protection issues.
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Testimony Opposing Maryland HB 1425/SB 998 Earned Wage Access
NCLC opposes Maryland HB 1425, which would carve a loophole in the state's interest rate limits for earned wage advances and other fintech payday loans.
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Opposition to H.R. 7440 (McHenry) Financial Services Innovation Act of 2023
NCLC opposes the Financial Services Innovation Act of 2023, which would create regulatory “sandboxes” for companies that would force agencies to shirk their statutory duties to enforce the law and protect consumers and instead prioritize allowing risky and unproven products into the marketplace before they have been fully evaluated to ensure that they comply with…
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Joint Testimony Supporting MA I.D. Bill for People Released from Prison
NCLC joined joint testimony supporting MA H.2326/S.1506, “An Act relative to successful transition and re-entry to tomorrow for incarcerated persons” (The STARTT Act).
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Testimony in Support of MA H.B. 1598 / S.B. 979, "An Act providing for easier and greater access to record sealing"
NCLC submitted testimony in support of a Massachusetts bill, "An Act providing for easier and greater access to record sealing" (H.B. 1598 / S.B. 979).
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Testimony In Support of MA H.B. 1493 / S.B 998, re: Immediate Record-Sealing
NCLC submitted testimony in support of a Massachusetts bill, "An Act to remove collateral consequences and protect the presumption of innocence" (H.B. 1493 / S.B 998).
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Comments on MA Attorney General's Office's "Junk Fees" Proposed Regulations, in which we discuss Junk Fees for Justice-Involved Consumers
NCLC submitted comments in response to the Massachusetts AGO's proposed regulations on unfair and deceptive fees, often referred to as “junk fees.”
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Comments of Seven National Consumer Groups Encouraging the FCC to Act More Aggressively to Stop Scam Texts
Scam texts remain a significant problem for U.S. cell phone users. The FCC has the tools to identify the platforms that transmit the scam texts, and it should create incentives to encourage those platforms to stop sending scam texts.
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NCLC Urges Support for Illinois HB 4507
Illinois HB4507 modernizes how Illinois regulates credit repair, addressing issues not contemplated by the state's original laws, including use of the internet and new attempts to evade consumer protection laws.
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Letter to House Committee on Veterans' Affairs
This letter outlines VA's authority to create its VA Servicing Purchase program.
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Community Solar: Expanding Access and Safeguarding Low-Income Families
This report will provide states with model community solar consumer protections to ensure equitable outcomes for low-income participants.
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