Resources Archive

Model State Law on Mortgage Servicing

January 10, 2011

An outline

Survey of State Foreclosure Laws

Foreclosure report by state.

Group Letter Regarding Critical Need for Action to Limit Forced Arbitration

September 14, 2022

The undersigned organizations representing millions of consumers call upon the Consumer Financial Protection Bureau to continue its work and exercise its explicit authority to limit the use of forced arbitration requirements utilized by banks and financial institutions to strip Americans of their right to seek justice after being victimized by banking abuses or fraud.

Group Letter Supporting the Economic Continuity and Stability Act

March 2, 2022

This bill will facilitate the credit industry’s smooth transition from the Libor index, currently used to set adjustable interest rates in millions of outstanding consumer and business credit contracts in the United States. The bill is necessary because the LIBOR will no longer be available after June 30, 2023.

Henderson v. Vision Complaint

As detailed in the lawsuit’s 109-page complaint, Vision purchased approximately 1,000 foreclosed homes in Black neighborhoods, many of them dilapidated, and failed to invest in making those homes livable. Vision then sold many of these homes under contracts that obscured the true cost of buying and repairing the home. The terms of the contracts made…

Rodriguez v. Riverstone Communities Complaint

NCLC and the North Carolina Justice Center filed a class action attacking a scheme by which used manufactured houses are sold to low-income families through a highly unfair contract-for-deed arrangement. Purchasers don’t receive title until they pay the total purchase price plus fees over 60 monthly installment payments, and they’re responsible for their own repairs,…

Coalition Letter to CFPB Regarding Training Repayment Agreement Provisions (TRAPs)

September 9, 2022

Letter to Gov. Newsom Requesting Signature on Keep Families Connected Act

September 2, 2022

The National Consumer Law Center requests your signature on Senate Bill 1008, the Keep Families Connected Act, which would provide free phone calls in all California juvenile halls and state prisons and remove a heavy financial burden imposed on incarcerated people and their loved ones and support systems.

Amended Complaint in Barber v. Department of Education Case

NCLC and Student Defense, with support of the Student Borrower Protection Center filed an emergency APA lawsuit in the D.C. District Court against the U.S. Department of Education seeking to stop its garnishment of wages from defaulted student loan borrowers and to force the agency to immediately comply with Sec. 3513 (e) of the CARES Act that…

NCLC v. U.S. Department of Education

The National Consumer Law Center has filed a federal lawsuit against the U.S. Department of Education, asking the court to compel the Department to comply with a Freedom of Information Act (FOIA) request submitted by NCLC on October 10, 2017. The complaint, filed in the U.S. District Court for the District of Massachusetts, seeks the…

Instead of Predatory Loans, a Variety of Strategies Can Help People to Address Budget Shortfalls

February 1, 2022

The Veterans and Consumers Fair Credit Act will cap interest on personal loans at 36%. Predatory, high-interest loans do not help people, they only put people deeper in debt and make problems worse. There are no easy answers to not having enough money, but consumers can and already do make use of a wide range of safer and more affordable options when times are tough.

Consumer Stories Show Congress Must Protect Consumers from Predatory Lending

February 1, 2022

Since the American Revolution, states have limited interest rates to stop predatory lending. Although most states limit rates, loopholes and evasions make protections imperfect. These unscrupulous lenders target vulnerable consumers, including veterans, senior citizens, low-income consumers, rural consumers, and communities of color.

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