The undersigned organizations and municipalities urge Congress to allocate $1 billion to continue the existing separate and independent Low Income Household Water Assistance Program (LIHWAP) program to help families with growing water debt and rising water costs.
Data collected by the California Department of Financial Protection and Innovation (DFPI) on earned wage advances and other fintech payday loans show a cycle of repeat use and high costs typical of traditional payday loans. DFPI analyzed data covering nearly 6 million transactions by California consumers from seven companies. Three companies had a tip-based model…
The National Consumer Law Center is pleased to submit the following comments on behalf of our low-income clients to the CFPB’s 2017 Request for Information (RFI) Regarding the Credit Card Market. The CFPB’s request for information is pursuant to the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009, which requires the CFPB to…
The National Consumer Law Center and Consumer Action respectfully submit the following comments on behalf of its low-income clients. We welcome the opportunity to comment on the Bureau’s proposal to amend the ability-to-pay requirement of Regulation Z, 12 C.F.R. § 1026.51(a), which was promulgated pursuant to the Credit Card Accountability, Responsibility and Disclosures (CARD) Act…
The National Consumer Law Center has compiled Massachusetts gas and electric arrearage data collected in DPU docket 20-58 through February 2023. Here we provide a brief update to previous reports released in February 2021, November 2021, and November 2022 on the state of arrears in MA. As of April 1, the winter moratorium that protects…
Read More about Risks of Utility Shutoffs Are Rising in Massachusetts
NCLC (on behalf of its low-income clients), Fines and Fees Justice Center, FICPFM, Just Future Project, Civil Rights Corps, JustLeadershipUSA, Southern Poverty Law Center, Washington Lawyers’ Committee for Civil Rights and Urban Affairs, and Worth Rises ask for the public record to reflect that the undersigned organizations believe DOJ, BOP, and the public record lack…
The LIBOR is a benchmark index, also known as a reference rate, that is commonly used in millions of adjustable rate mortgages, home equity lines of credit (HELOCs), and student loans. Although it is still widely used, the index will no longer be available in its current form after June 30, 2023 and will cease…
Read More about The LIBOR Is Ending: What Consumer Advocates Should Know
This Chapter Summary explains how older borrowers can prepare for when the federal student loan repayment pause ends. This Chapter Summary accompanies a presentation Kyra Taylor, Abby Shafroth, and Alpha Taylor did for the National Center on Law and Elder Rights on March 28, 2023.
The National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Reform Fund, Consumer Reports, Student Borrower Protection Center, Public Justice Center, Public Good Law Center, U.S. PIRG, Consumer Federation of America, and Better Markets submitted comments regarding the Federal Deposit Insurance Corporation’s (FDIC) recent proposed changes to part 328…
Submitted to Regulations.govRohit Chopra, DirectorConsumer Financial Protection Bureau1700 G Street NW,Washington, DC 20552 Dear Director Chopra, The undersigned consumer organizations are pleased to support the Consumer Financial Protection Bureau’s (CFPB) proposal to require nonbank covered persons that are subject to certain agency and court orders to register those orders with the CFPB. The registry will…
As organizations that represent low-income student loan borrowers, the undersigned organizations comment on the Department of Education’s proposed borrower defense to loan repayment application form. The organizations assist low-income student loan borrowers, many of whom were harmed by unscrupulous schools that engaged in predatory conduct to make a profit off of our clients’ federal student…
