NCLC and the National Community Reinvestment Coalition submit comments that fall into two categories. We agree with the Federal Reserve’s intention to provide greater clarity on how it will evaluate applications. But we remain opposed to the possibility of accounts for the uninsured institutions in Tier 2 and Tier 3, which will permit evasions of…
Brief of Amici Curiae of members of the Free to Drive Coalition in support of Appellants Petition for Rehearing En Banc. Millions of people in the United States have had their driver’s licenses suspended, revoked, or not renewed, not for unsafe driving, but for unpaid fines and fees. Most of these people are poor; they…
Brief of Amici Curiae of Lewis & Clark Law School Criminal Justice Reform Clinic, American Civil Liberties Union of Oregon, Oregon Tradeswoman, Oregon Consumer Justice, Fines & Fees Justice Center, and National Consumer Law Center in support of Appellant Kenneth Marion Duhham. Kenneth Marion Dunham is caught in a debt trap. Without expungement of his…
We support the proposed rule but have a number of recommendations, including adding protections to protect distressed borrowers and prevent the misuse of escrow account refunds; removing repayment-plan payments from the definition of “monthly payment” used for the seasoning rule; and working with Congress to determine whether statutory changes are necessary to prevent other abuses…
COVID-19 has made cancellation a necessity for student loan borrowers, writes borrower advocates, including NCLC, and legal aid organizations in a brief submitted to the U.S. Supreme Court. By tailoring the student debt relief to reduce the prospect of widespread defaults upon a return to repayment, the Department acted well within its HEROES Act authority…
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Brief of Amici Curiae submitted by California Reinvestment Coalition, National Community Reinvestment Coalition, National Association of Latino Community Asset Builders, Center for Responsible Lending, Texas Appleseed, and National Consumer Law Center in support of Defendant’s Motion to Dismiss or, in the Alternative, for Partial Summary Judgement. In March 2022, the Consumer Financial Protection Bureau (CFPB)…
On behalf of the low-income clients of the National Consumer Law Center, we write to express our appreciation for your interest in addressing potentially swollen international remittance fees, as well as related issues impacting low-income immigrants under the current remittance regulations. This letter is a belated thank you for the meeting between advocates1 and relevant…
UPDATE – July 2025 Since this report was published in January 2023, a number of states have passed legislation prohibiting credit reporting of medical debts. The CFPB also issued a Fair Credit Reporting Act regulation to prohibit medical credit reporting nationwide that was subsequently overturned by a court decision. These developments are discussed in…
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Testimony of Chi Chi Wu, National Consumer Law Center before the Subcommittee on Financial Institutions and Consumer Credit of the U.S. House of Representative Committee on Financial Servicesregarding “Legislative Proposals for a More Efficient Federal Financial Regulatory Regime.”
By now, we are all too familiar with the shocking facts of the Equifax data breach, in which thieves were able to steal the Social Security numbers, dates of birth, and other sensitive information for a mind-boggling 145.5 million Americans. This means half of the US population and nearly three-quarters of the consumers with active…
Below is a list of with information from the Consumer Financial Protection Bureau (CFPB) about many consumer reporting companies, updated for 2021. Consumer reporting companies collect your information and provide reports to other companies. These companies use these reports to inform decisions about providing you with credit, employment, residential rental housing, insurance, and in other…
