Media Center

NCLC in the News

Select media clips. Journalists interested in speaking with an expert at the National Consumer Law Center should contact Jan Kruse (This email address is being protected from spambots. You need JavaScript enabled to view it. or 617.542,8010).

Press Releases

Court to Hear Wells Fargo’s Bid to Block 49-State Overdraft Fee Class Action

For Immediate Release: August 23, 2017 || Contacts: Stephen Rouzer, This email address is being protected from spambots. You need JavaScript enabled to view it. (202) 595-7847

Effort to force arbitration would be banned by new CFPB rule Congress might veto

WASHINGTON- On Thursday, a federal appeals court will hear arguments in Wells Fargo’s ongoing quest to stop consumers in 49 states from banding together in a class action to challenge overdraft fee practices that a California court already concluded were “unfair and fraudulent.”

“Wells Fargo has not only been embroiled in scandal after scandal; the bank continues to try to block people from their right to band together to have their day in court to seek justice,” said David Seligman, contributing author at the National Consumer Law Center. “Wells Fargo is the poster child for why Congress should not take away people’s constitutional right to access the courts when big banks commit abuses that harm millions of people.”
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Scam Claiming that Consumers Can Access Unpaid Social Security to Pay Debts Could Prove Costly

For Immediate Release: August 16, 2017 || Contacts: Jan Kruse, This email address is being protected from spambots. You need JavaScript enabled to view it. (617) 542-8010 || Lauren Saunders, This email address is being protected from spambots. You need JavaScript enabled to view it.

Consumers are facing late fees and other charges after scam videos instruct them to pay bills using bogus account information

WASHINGTON – A number of online videos and forums are instructing consumers to attempt to pay their bills using Federal Reserve Bank routing numbers and their Social Security numbers as their account number, according to a fraud warning from the Federal Reserve Bank of Atlanta. The Federal Reserve has received and rejected a number of these attempts, resulting in canceled payments, returned item fees from their banks, late fees, and other fees.

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Government Should Not Deprive Seniors in Nursing Homes of Their Day in Court

For Immediate Release: August 7, 2017 ||  Contacts: Lauren Saunders, This email address is being protected from spambots. You need JavaScript enabled to view it.; Jan Kruse, This email address is being protected from spambots. You need JavaScript enabled to view it., (617) 542-8010

Center for Medicare & Medicaid Services proposal would repeal rule prohibiting use of forced arbitration “ripoff clauses” in nursing home admission agreements

WASHINGTON – Vulnerable older Americans entering nursing homes should not be stripped of their legal rights in the fine print of admission agreements, National Consumer Law Center and other advocates urged in comments submitted today to the Center for Medicare & Medicaid Services (CMS).

“Everyone should be outraged that the Administration is proposing to strip legal rights from fragile seniors and their families during the incredibly stressful time when a loved one is entering a nursing home,” said Lauren Saunders, associate director of the National Consumer Law Center.
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Advocates Applaud CFPB for Enforcement Action against JPMorgan Chase for Deficiencies Related to Reporting to ChexSystems/Early Warning Services

FOR IMMEDIATE RELEASE: Aug 2, 2017 || Contacts: Chi Chi Wu (This email address is being protected from spambots. You need JavaScript enabled to view it.) or Jan Kruse (This email address is being protected from spambots. You need JavaScript enabled to view it.); 617.542.8010

BOSTON - Today, the Consumer Financial Protection Bureau (CFPB) took action against JPMorgan Chase for alleged violations of the Fair Credit Reporting Act (FCRA) regarding its reporting to ChexSystems and/or Early Warning Services, which are databases used by financial institutions to determine whether or not to allow a consumer to open a bank account. The CPFB ordered JPMorgan Chase to pay a civil penalty of $4.6 million over these FCRA violations and implement changes to prevent future legal violations.
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House Votes to Strip Americans’ Right to Their Day in Court

For Immediate Release: July 25, 2017 || Contacts: Lauren Saunders, This email address is being protected from spambots. You need JavaScript enabled to view it.; Jan Kruse, This email address is being protected from spambots. You need JavaScript enabled to view it., (617) 542-8010 

Senate can halt effort to repeal CFPB rule limiting forced arbitration clauses that block class actions against banks, payday lenders

WASHINGTON, D.C. – Today, the U.S. House of Representatives voted to block a new Consumer Financial Protection Bureau (CFPB) rule that restores critical consumer rights. The CFPB’s rule, released earlier this month, prohibits the use of forced arbitration clauses with class action bans in bank, payday loan, and other financial service contracts. The resolution to block the rule now moves to the Senate, where an obscure law can be used to repeal the consumer watchdog’s rule by a simple majority vote.
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Fees Dropping On State Prepaid Cards for Unemployed Workers

FOR IMMEDIATE RELEASE: JULY 26, 2017 (updated Aug. 15, 2017)

Contacts: Lauren Saunders This email address is being protected from spambots. You need JavaScript enabled to view it. || Jan Kruse This email address is being protected from spambots. You need JavaScript enabled to view it., 617-542-8010

Fees Dropping On State Prepaid Cards for Unemployed Workers

 

WASHINGTON ─ More and more states are offering low-fee prepaid cards as a way of paying unemployment compensation benefits, according to a new report by Prosperity Now done in conjunction with the National Consumer Law Center (NCLC). Out of the 45 unemployment prepaid cards currently offered (44 states and the District of Columbia (DC)), the 2017 Prosperity Now Scorecard rates 35 cards (34 states plus DC) as offering “strong” or “very strong” unemployment prepaid cards, compared to 26 cards in 2016 and 18 cards in NCLC’s last comprehensive report in 2013. The number of “very strong” cards has gone up from three in 2013 to 11 in the current Scorecard.

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CFPB: Six Years of Putting Consumers First

For Immediate Release July 21, 2017 || Contacts: Lauren Saunders, This email address is being protected from spambots. You need JavaScript enabled to view it.; Stephen Rouzer, This email address is being protected from spambots. You need JavaScript enabled to view it. 202.595.7847

Advocates celebrate Consumer Financial Protection Bureau’s six years on the frontlines in the fight for consumer rights and protections

WASHINGTON, DC – Today marks the six-year anniversary of the founding of the Consumer Financial Protection Bureau, the watchdog formed in the wake of the financial crisis and tasked with looking out for ordinary people. During the CFPB’s short-tenure it has provided “rules of the road” for financial service providers that stem fraud and misconduct and restore the rights of ordinary American consumers.

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