Resources Archive

Joint Consumer Groups Comments to the Federal Trade Commission on Guides for the Use of Environmental Marketing Claims

March 29, 2023

These comments are submitted by the following non-profit organizations, which advocate for the interests of low-income energy and utility consumers: The National Consumer Law Center, Public Citizen, the Maryland Energy Advocates Coalition, and the Pennsylvania Utility Law Project. These comments propose changes in several areas of the Green Guides, 16 C.F.R. part 260, which relate…

Comments on the USDA Rural Housing Service's Proposed Rule Regarding Mortgage Recovery Advances

March 28, 2023

On behalf of our low-income clients, the National Consumer Law Center, Center for Responsible Lending, and National Housing Law Project submitted comments on the Rural Housing Service’s (RHS) proposed rule regarding Mortgage Recovery Advances (MRA). The advocates support RHS’s use of MRA to help borrowers reinstate past due mortgage amounts and to defer principal to…

Coalition Comments to FDIC Regarding Community Reinvestment Act Examination of First Electronic Bank

March 24, 2023

Accountable.US, Americans for Financial Reform, Center for Responsible Lending, Consumer Action, Consumer Federation of America, National Consumer Law Center (on behalf of its low- income clients), National Community Reinvestment Coalition, Public Citizen, US PIRG and the Woodstock Institute submitted comments for the Community Reinvestment Act (CRA) examination of First Electronic Bank. First Electronic Bank helps…

Comments to the CFPB on Proposed Rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans

March 23, 2023

Joint comments were submitted by the Center for Responsible Lending, Consumer Federation of America and National Consumer Law Center.

Letter Supporting California's SB 278

March 23, 2023

NCLC writes in support of Senate Bill 278 (Dodd), which will be heard before the committee shortly. SB 278 will clarify the law and ensure that elderly victims of financial scams can hold negligent banks accountable for assisting in the financial exploitation of older Californians.

Letter Supporting California's AB 1119

March 23, 2023

NCLC and CLICC are proud sponsors of AB 1119 (Wicks), a bill to ensure that no one is imprisoned because they owe consumer debt. While debtors' prisons are banned in every state by constitution, statute, or judicial decision, in reality they live on because a court may issue an arrest warrant for someone who did not make it to court in a debt collection matter.

Pushed into Poverty: How Student Loan Collections Threaten the Financial Security of Older Americans

March 23, 2023

Student loan debt is threatening the financial security of an increasing number of older Americans. According to the Consumer Financial Protection Bureau (CFPB), the number of consumers age 60 and older with student loan debt has quadrupled over the last decade. Tragically, a large portion of older student loan borrowers struggle to afford basic needs.…

Testimony Supporting California's AB 1186, The REPAIR Act, on Youth Restitution

March 23, 2023

NCLC supports AB 1186, the REPAIR Act. The bill would provide crime survivors with more equitable, timely, and stable compensation, while ensuring young people and their families are not locked into unaffordable debt and poverty. It would do so by establishing a public compensation fund through which crime survivors can address immediate needs for compensation, and by ensuring that accountability and rehabilitation is addressed in youth-appropriate ways—such as participating in restorative justice practices, community service, or personal development programs.

Letter Analyzing Nevada Earned Wage Advance Bill

March 22, 2023

NCLC submitted a letter analyzing Nevada SB 290. The letter explains that the bill and other industry legislation would exempt various fintech payday loans from lending laws based on the disingenuous assertion that they are not loans.

Coalition Letter to U.S. Department of Education Regarding its Examination of Bundled Services and an Incentive Compensation Loophole

March 17, 2023

The undersigned student, consumer, and borrower advocacy groups write in response to the Education Department’s examination of bundled services (Docket ID ED–2023–OPE–0030) and an incentive compensation loophole we believe has had significant negative consequences for students and our system of higher education. We have long supported the strong statutory ban on incentive-based student enrollment compensation,…

Comments to HUD in Response to Proposed Rule Entitled Strengthening the Section 184 Indian Home Loan Guarantee Program

March 17, 2023

NCLC submitted comments to support HUD’s decision to promulgate regulations that establish the necessary framework for a successful default servicing program and that supplement the guidance established by the RESPA.

Testimony on Vermont H.87 Regarding Earned Wage Access Service Providers

March 16, 2023

Letter to the VT House Committee on Commerce and Economic Development re: H 87 An act relating to earned wage access service providers

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