The National Consumer Law Center is among 49 groups urging Maryland Governor Moore to veto HB 1294, which would carve loopholes in Maryland’s 33% interest rate limit for earned wage advances and other fintech payday loans.
Read More about Letter Urging Veto of MD HB 1294, Earned Wage Advance
A coalition of organizations particularly concerned with the disruption to the LIHEAP program to rural communities sent a letter to the Senate HELP Committee to urge the immediate reinstatement of the HHS LIHEAP staff.
Consumers need clarity about their rights when companies collect, use, and monetize their payment and personal financial data. Without strong consumer protections, consumers will be harmed when that information is shared and used to make decisions about the consumer- particularly when that information may be incorrect. Consumers need to be able to correct any errors…
S1310/A4598 will hurt New Jersey consumers by legalizing debt adjustment, also known as debt settlement. Debt adjustment is one of the worst options for people in debt.
These are NCLC’s comments supporting a proposed rule by the Consumer Financial Protection Bureau to regulate certain data brokers as “consumer reporting agencies” under the Fair Credit Reporting Act. The proposed rule:
Read More about NCLC Comments to CFPB Proposed Rule to Regulate Data Brokers under the FCRA
This large coalition letter requests that Members of Congress protect higher education and student loan borrower funding during the reconciliation process.