Larger Loans Need Lower Rates: A 50-State Survey of the APRs Allowed for a $10,000 Loan
This report surveys the interest rates and loan fees allowed by all 50 states and the District of Columbia for an unsecured 5-year installment loan of $10,000.
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Opposition to H.R. 7440 (McHenry) Financial Services Innovation Act of 2023
NCLC opposes the Financial Services Innovation Act of 2023, which would create regulatory “sandboxes” for companies that would force agencies to shirk their statutory duties to enforce the law and protect consumers and instead prioritize allowing risky and unproven products into the marketplace before they have been fully evaluated to ensure that they comply with…
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Comments of Seven National Consumer Groups Encouraging the FCC to Act More Aggressively to Stop Scam Texts
Scam texts remain a significant problem for U.S. cell phone users. The FCC has the tools to identify the platforms that transmit the scam texts, and it should create incentives to encourage those platforms to stop sending scam texts.
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Letter to House Committee on Veterans' Affairs
This letter outlines VA's authority to create its VA Servicing Purchase program.
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Homeowners at Risk: Nationwide Survey Reveals Critical Gaps the CFPB Must Address to Prevent Foreclosures
The Consumer Financial Protection Bureau (CFPB) is currently working on a proposed regulation to update its mortgage servicing rule to permanently allow for streamlined loss mitigation reviews. The National Consumer Law Center (NCLC) conducted a nationwide survey in January 2024 to shed light on certain ongoing challenges that create an elevated risk of foreclosure. More…
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State Policy Resources: Consumer Debt Collection
This resource compiles a variety of materials that are relevant to consumer advocates working on policy reforms related to the collection of unsecured consumer debts (credit card debts, medical debt, etc.).
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Comments re: Bureau of Prisons' Proposed Rule on "Reservation of Funds for Reentry Under the First Step Act"
NCLC submitted comments, co-authored by the Fines and Fees Justice Center and joined by five other organizations, in response to the Bureau of Prisons’ (“BOP”) Proposed Rule on “Reservation of Funds for Reentry Under the First Step Act.” In these comments, we argue that the BOP must revise its Proposed Rule to better accord with…
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Consumer Coalition Comments to the FTC's Proposed Junk Fee Rule
The comments support the FTC’s proposed rule and urges the Commission to strengthen several provisions in the proposed rule to prevent companies from using alternative deceptive pricing tactics to get around the rule.
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Comments on FTC's Proposed Rule on Junk Fees, Specifically on Junk Fees that Affect Justice-Involved People
NCLC, the Prison Policy Initiative (PPI), and advocate Stephen Raher submitted comments in response to the Federal Trade Commission’s (FTC) Proposed Rule on junk fees. These comments address the Proposed Rule as it would apply to junk fees that affect justice-involved people. Unfortunately, these fees are very common, and they cause particular harm to consumers…
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Comments Concerning Rental Housing Junk Fees in Response to the FTC's Notice of Proposed Rulemaking
To help ensure that renters can find safe, decent, and affordable housing, we urge the FTC to adopt a final rule that applies to rental housing and protects renters and rental housing applicants from hidden, misleading, and excessive fees.
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No Clear Relationship Between Wage Seizure Protections and Access to Credit
When state advocates seek to increase protections for working people’s wages, opponents, broadly citing academic literature to support their position, often argue that increased protections for wages will decrease access to credit or increase the cost of credit. Upon closer inspection, however, many of these studies do not examine wage seizure at all, or, when…
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Letter Urging the FCC to Require an Automated Opt Out for All Calls with Prerecorded Voice
This letter requests the FCC--again--to require an automated opt-out mechanism for all calls, including non-telemarketing calls to cell phones, that include a prerecorded voice.
