This ex parte Notice is submitted to describe a meeting between Federal Communications Commission staff and consumer and privacy advocates on September 30, 2022.
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Our clients, and millions of others like them, take out student loans believing they are the key to a better future. But for many, that dream will never come to fruition because the student loan system is broken and has been broken for a very long time. Currently in the United States, nearly 45 million…
NCLC has been actively involved in advocacy for consumers who have been financially harmed by alternative (or competitive) energy supply companies.
Voters across the country, on a bipartisan basis, support state interest rate limits. Voters also strongly support enforcement of the law and oppose evasions by rent-a-bank schemes. But the “fake lender” rule by the Office of the Comptroller of the Currency (OCC) allows predatory lenders to evade state interest rate laws by hiding behind a…
This chart provides a summary of the bankruptcy provisions in the CARES Act and Consolidated appropriations Act. To help attorneys deal with the different dates when these temporary provisions expire, the chart lists the provisions by sunset date. Each provision is accompanied by the Public Law and United States Code cites, and links for more…
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It’s been one of the most confounding economic paradoxes of the COVID-19 pandemic – why have credit scores remained steady, or even increased, despite the financial ruin caused by record unemployment, with entire industries such as restaurants and tourism decimated? The average FICO score has risen from 703 to 711, while delinquencies for credit card…
Read More about The Credit Score Pandemic Paradox and Credit Invisibility
After racial justice protests and Black Lives Matter activism last summer, advocates and policymakers have proposed a number of programs for lessening the yawning racial disparities in Black-white homeownership and wealth. These include proposals for downpayment assistance, homeownership counseling, and special lending programs for Black borrowers. The latter are referred to as “special purpose credit…
This National Consumer Law Center (NCLC) annual advisory on tax-time consumer protection issues includes: Stimulus payments and the COVID crisis. This year brings even greater confusion and complexity to tax filing than usual because of the economic fallout from COVID-19: Tax season was delayed for several weeks because of changes to the tax law from…
Congress has enacted extraordinary relief for families hard hit by the COVID-19 pandemic. That relief includes two rounds of Economic Impact Payments (EIPs) and measures to help the poorest families, who got even poorer in 2020, to claim the Earned Income Tax Credit (EITC) despite a lack of income in 2020. President Biden has also…
Criminal justice debt has soared in recent years as governments have attempted to use fines and fees to cover the growing costs of the bloated criminal justice system, as well as government operations generally. The result has been disastrous.
Read More about Criminal Justice Debt: 2021 Federal Priorities
The Consumer Financial Protection Bureau (CFPB) issued debt collection regulations at the end of 2020. These rules enacted some provisions to benefit consumers, such as requiring collectors to comply with oral “stop calling” request and prohibiting credit reporting without first giving notice of the alleged debt to the consumer.
To protect families who are struggling to make ends meet in the face of mushrooming debt, and tohelp workers and the economy recover from the COVID-19 crisis, Congress should: ▪ Adopt a temporary moratorium on the garnishment of wages and bank accounts.▪ Permanently increase the amount of wages protected from garnishment to prevent pushingfamilies into…
