This testimony provides support for a bill that would regulate shared appreciation mortgages & home equity “investment” loans by clarifying these products are loans, providing more precise disclosures, a cap on amounts that can be collected from the homeowner, required pre-loan counseling, and other requirements.
Nearly 200 labor, consumer, civil rights, and community organizations expressed opposition to any bill, similar to last year’s H.R. 7428 (Steil), that exempts earned wage payday loans from the Truth in Lending Act (TILA). Doing so, they warned, would endorse a form of loan that makes workers pay to be paid and would facilitate new…
Read More about Coalition Letter Opposing Earned Wage Payday Loan Exemption from TILA
S.1071 / H.1983: An Act relative to unlawful practices in the servicing and foreclosure of a subordinate mortgage provides a crucial lifeline for these homeowners. This legislation targets the predatory practices of zombie second mortgage investors and protects homeowners from unfair and deceptive tactics. It brings transparency and accountability to a system that has allowed…
Read More about Fact Sheet: Protecting Massachusetts Homeowners from Zombie Second Mortgages
NCLC signed on to a letter supporting the Forced Arbitration Injustice Repeal (FAIR) Act, which restores consumers’ day in court. The Act would give workers, consumers, servicemembers, ordinary investors, small businesses, and others the freedom to seek accountability in court when they are harmed.
Read More about Letter Supporting the Forced Arbitration Injustice Repeal (FAIR) Act
These are EPIC and NCLC’s longer detailed comments in respond to the House Financial Services Committee request for feedback on current federal consumer financial data privacy law and potential legislative proposals, including updates to the Gramm Leach Bliley Act (GLBA). The comments urge the House FSC to
Read More about EPIC-NCLC Comments to House Financial Services Committee on Financial Data Privacy
Home Equity “Investment” (HEI) Loans are a relatively new financial product secured by a homeowner’s primary residence. At heart, they are very expensive mortgages with confusing and overly complicated terms. HEI lenders try to evade consumer protections by falsely claiming that their product is not a loan. Courts and lawmakers who have looked at HEI…
Letter from 45 consumer, economic justice, privacy, and advocacy groups in response to House Financial Services Committee request for feedback on current federal consumer financial data privacy law and potential legislative proposals. The letter urges changes to the Gramm Leach Bliley Act (GLBA) that:
This 2025 Massachusetts legislation aims to make energy bills more affordable for consumers. NCLC testifed in support of consumer protections during extreme heat, and protections in the competitive energy supply market. NCLC also explained our concerns with sections on submetering of electricity, and energy bill surcharges to finance energy efficiency and electrification purchases.
Read More about NCLC Testimony on Massachusetts H.4144, An Act Relative to Energy Affordability
We oppose H.R. 1653 (Barr), the Civil Investigative Demand Reform Act of 2025. The bill would make it more difficult for the CFPB to investigate violations of the law and easier for lawbreakers to delay and hamstring enforcement.
Read More about Letter Opposing H.R. 1653, the Civil Investigative Demand Reform Act of 2025
Seventy (70) organizations, led by NCLC, sent this letter opposing S.1465, the Credit Access and Inclusion Act. This legislation is touted as helping “credit invisible consumers” by adding rent and utility payment information to their credit reports. However, the actual intent of the bill is to preempt state and other federal laws that protect consumer…
Read More about Letter from 70 Groups Opposing S.1465, Credit Access and Inclusion Act
This one-pager provides quotes from Massachusetts residents who lost their driver’s licenses due to unpaid fines and fees. The harms inflicted on these residents underscores the urgent need to pass the Road to Opportunity Act: An Act to increase opportunity by ending debt-based driving restrictions (H.3662/S.2368).
Read More about Road to Opportunity Act: Stories from Impacted Drivers
Disability, elder, consumer rights and other organizations express concerns regarding cuts to Medicaid and the ACA under the One Big Beautiful Bill Act.
