Junk fees jeopardize access to future housing and financial stability by contributing to rental debt that leads to negative marks on credit reports.
Read More about Too Damn High: How Junk Fees Add to Skyrocketing Rents
The National Consumer Law Center, on behalf of its low-income clients, submitted a statement for the record on crypto-assets for consideration in the above hearing. We see little to no legitimate consumer-facing use for crypto-assets and few, if any, potential benefits that are not heavily outweighed by the high degree of risk, harm, and evasion…
This issue brief considers what court-sponsored online dispute resolution (ODR) means for consumers who are sued in debt collection lawsuits by creditors collecting consumer debts and ways that courts may guard against potential problems. Court-sponsored ODR offers a way to resolve court cases online without ever setting foot in court. While ODR has been used…
On behalf of our low-income clients, we applaud the servicing policy updates that HUD provided in Mortgagee Letter 2023-03. By expanding access to the waterfall established in response to the COVID-19 pandemic, FHA is minimizing barriers to all borrowers seeking help after a financial crisis. Increasing the partial claim cap to 30% will more effectively…
Read More about Comments to HUD Regarding Mortgagee Letter 2023-03
As organizations that advocate for workers and consumers, California Employment Lawyers Association, Economic Security Project Action, National Consumer Law Center, National Employment Law Project, Open Markets Institute, People’s Parity Project, Public Good Law Center, Public Justice, Student Borrower Protection Center, and Towards Justice write to urge the State Bar Standing Committee on Professional Responsibility and…
Read More about Coalition Letter to COPRAC Regarding Draft Formal Opinion No. 19-0003
NCLC has recommended several best practices to DOE in our Jan. 18, 2023 letter with the Center for American Progress and the Alliance for a Clean Energy Economy. In addition, we recommend the following best practices: a) Ensure states have the flexibility to administer the rebate funds through existing networks and programs to avoid duplication…
Earned wage advances (EWA) are a form of payday loan. Fees appear small but can pile up in hidden ways and drain low wages. “Tip”-based fintech payday loans with no connection to wages can be even more expensive, 498% APR or higher, and can trigger overdraft and nonsufficient fund fees. Neither employer-based EWAs nor other…
The Earnin app puts in an $11 default “tip” on a $100, 11-day advance. The app discloses “0% APR,” but with a likely $4 expedite fee included, the cost is the equivalent of 498% APR.
Petition for rulemaking asking the CFPB to address the following issues as part of an upcoming Fair Credit Reporting Act rulemaking: strict requirements for debt collectors in furnishing information to credit reports; translation of credit reports for limited English proficient consumers and; creating an Ombuds office for credit reporting.
The National Consumer Law Center, on behalf of its low-income consumer clients, and Consumer Federation of America oppose the NCCUSL Uniform Debt Management Services Act unless provisions regulating debt settlement services are removed or dramatically amended. Our key concerns are: The Act regulates debt settlement as a valid type of debt management service. We believe…
Read More about Comments on the NCCUSL Uniform Debt-Management Service Act
