NCLC strongly supports Connecticut HB 5209. It will enact appropriate regulations to protect consumers from this high cost, high risk loan product.
Read More about NCLC Testimony in Support of Connecticut HB 5209, Regulating HEI Loans
This testimony supports Connecticut bill HB 5127, An Act Concerning Medical Credit Cards.
Read More about Written Testimony in Support of Connecticut HB 5127
S.B. 1257 requires important disclosures for home equity investment loans, but it omits several important protections. This letter explains NCLC’s recommendations for better protecting consumers.
NCLC opposes Connecticut SB 1396, An Act Concerning Earned but Unpaid Wage or Salary Income Advance, which exempts earned wage advance payday loans from Connecticut’s interest rate caps.
Read More about Letter Opposing Connecticut S 1396 Earned Wage Advances
Consent orders target SoLo Funds platform offering loans as high as 511%-4,280% APR WASHINGTON – Advocates applauded new consent orders from California, Connecticut, and the District of Columbia that block the fintech payday loan website SoLo Funds from offering unlicensed payday loans that use “tips” and “donations” to conceal annual percentage rates (APRs) of 511%…
Read More about CA, CT, DC Issue Orders Against Fintech Payday Loans that Solicit “Tips”
Housing Law Experts to Probe “Zombie” Second Mortgages and Foreclosures on April 26 WASHINGTON — The Consumer Financial Protection Bureau’s (CFPB) upcoming field hearing will feature remarks from CFPB Director Rohit Chopra and leading national and local housing law advocates, including Andrea Bopp Stark, senior attorney at the National Consumer Law Center, on “zombie” second…
Read More about CFPB to Host Field Hearing on “Zombie Second Mortgage Debt” in Brooklyn
Resident ownership of manufactured housing communities brings enormous advantages, both for the residents and for the community at large. When residents own the land on which their homes sit, they – and the community at large — know that their homes are secure. The danger of closure of the park, leaving hundreds of families without…
Read More about Testimony Before the Connecticut General Assembly Regarding Raised Bill No. 988
State debt collection fact sheet highlighting the percentage of state residents with debt in collection, the median debt amount, and complaints filed by over debt collection abuses.
