Resources Archive

After Payday Loans: Consumers Find Better Ways to Cope with Financial Challenges

March 1, 2022

Payday lenders and high-cost installment lenders offer fast cash loans that do far more harm than good, adding to rather than alleviating financial distress. As a growing number of states have curtailed high-cost lending, experience shows that people are better off and find better options. The American public, on a bipartisan basis, strongly supports capping…

Comments to the White House on Equitable Data Engagement and Accountability

October 3, 2022

Group comments to the White House re: Docket No. 2022-19007 Request for Information; Equitable Data Engagement and Accountability.

Predatory Auto Repair Loans by TAB Bank and EasyPay Finance

May 11, 2022

Facing an expensive car repair is bad enough. But repair shops across the nation – including national brands AAMCO, Big O Tires, Grease Monkey, JiffyLube, Meineke, Midas and Precision Tune Auto Care – are steering people to a predatory lender that engages in a variety of questionable practices and charges up to 189% interest in…

Consumer Alert: Deceptive Auto Repair Financing Practices

May 10, 2022

Interest up to 189% may be disguised by interest-free promotions through EasyPay Finance and TAB Bank Before you agree to finance a costly car repair or tire purchase – or accept what appears to be a free 90-day payment plan – beware of fine print that could disguise costly loans at rates up to 189%…

CFED and NCLC Comments Regarding Potential Manufactured Home Chattel Loans Pilots

March 21, 2017

The Corporation for Enterprise Development (CFED) and National Consumer Law Center, on behalf of its low-income clients submit comments to the Federal Housing Finance Agency (FHFA) on a Potential Manufactured Home Chattel Loans Pilot program to help facilitate Fannie Mae’s and Freddie Mac’s duty to serve the manufactured housing single-family finance market, identified by Congress…

Group Comments on Implementation of Fannie Mae’s and Freddie Mac’s Duty to Serve the Manufactured Housing Market

July 10, 2017

These comments will focus on the Plans’ activities and objectives, which aim to improve the manufactured housing marketplace. However, the three markets addressed in the Plans overlap considerably, and manufactured housing cannot be addressed in a vacuum. We strongly encourage the Enterprises and the FHFA to encourage innovations that can impact multiple markets. For example,…

Comments to the FHFA on the Duty to Serve Underserved Markets for Enterprises

September 18, 2009

The manufactured housing finance market has traditionally been, and remains, underserved. The lack of affordable and safe financing options has not only made it more difficult and expensive for those purchasing a manufactured home, but also reduced the value of existing homes. This is of particular concern as manufactured housing is the largest source of…

Comments to the FHFA Regarding Notice of Proposed Rulemaking Enterprise Duty to Serve Underserved Markets

September 22, 2010

The National Consumer Law Center (NCLC) and Manufactured Home Owners Association of America (MHOAA) submit these comments in response to the Federal Housing Finance Agency’s (FHFA) proposed rule regarding the Government Sponsored Enterprises’ (“Enterprises”) duty to serve the manufactured housing market. We commend the FHFA for recognizing the importance of the manufactured housing market. The…

Predatory Puppy Loans by TAB Bank and EasyPay Finance

February 1, 2022

Transportation Alliance Bank (TAB Bank) is helping the predatory lender EasyPay Finance make pet loans at 130% to 188%, rates that are illegal in most states. Since the American Revolution, states have limited interest rates to stop predatory lending. But predatory lenders are evading state laws by laundering their loans through banks, which are exempt…

Manufactured Housing Tenants: Shifting the Balance of Power

June 1, 2004

With Elizabeth DeArmond of the National Consumer Law Center, and Andrew Kochera of the AARP Public Policy Institute Manufactured homes (frequently referred to as “mobile homes”) are a major source of housing for older Americans. In 2001, owners age 50 or older accounted for 43 percent of the 7.2 million manufactured-housing units occupied year round…

The Model State Consumer & Employee Justice Enforcement Act

November 2, 2015

Much attention is now being paid to the expanded use of forced arbitration clauses in employment and consumer contracts, the attendant harms to consumers and employees, and the possibility of federal intervention. Recent media attention has highlighted the harms that arbitration inflicts on Americans every single day. And a flurry of federal activity (both congressional…

Report: Tax-Time Products 2018: A New Generation of Tax-Time Loans Surges in Popularity

March 11, 2008

Tax-time is a critical moment for millions of Americans, providing much-needed funds in the form of billions in refunds. In particular, the Earned Income Tax Credit (EITC) helps 27 million families and is the largest anti-poverty program in the country. This year, these EITC recipients and many other taxpayers face new and old challenges in…

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