The CFPB: Protecting Servicemembers and Veterans
Companies that profit by cheating and exploiting our military and veterans are attacking the CFPB.
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Congress’s Move to Overturn Overdraft Fee Rule Would Block Relief for Families Living Paycheck to Paycheck
Threatened CFPB Rule Will Lower Big Bank Overdraft Fees from $35 to $5, Saving Families Billions
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Chopra Firing Brings Four Years of Pro-Consumer CFPB to a Rapid Close
Rohit Chopra’s CFPB beat back overdraft and credit card junk fees, tackled medical debt, credit reporting, student loans, and high-cost lending WASHINGTON – Today, President Donald J. Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), an active, pro-consumer regulator. Director Chopra focused the nation’s leading consumer protection agency on protecting people…
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Overdraft Rule Returns $5 Billion in Big Bank Junk Fees to Consumers’ Pockets
The CFPB's new overdraft fee rule closes a paper-check-era loophole that promotes abusive practices and allows the biggest banks to earn billions in profits from the most vulnerable families.
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2025 Consumer Protection Federal Priorities
NCLC will pursue common-sense regulatory and legislative reforms to ensure fairness, fight fraud, and protect consumers in 2025.
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NCLC Comments on the Importance of the APR and CFPB's Proposed TILA RESPA Integrated Disclosures (TRID)
The Bureau’s proposal almost completely abandons the Annual Percentage Rate disclosure. Rather than emphasizing the APR or proposing a substitute, the new forms emphasize the initial interest rate and monthly payment−information that can easily be manipulated by disreputable creditors and that does not accurately disclose the cost of credit. In doing so the CFPB is,…
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Time to Update the Credit Practices Rule
CFPB Should Modernize FTC Rule Addressing Abusive Creditor Collection Practices The FTC’s Credit Practices Rule protects consumers from abusive contract provisions that are designed to give the creditor an upper hand in collections and to evade legal protections for the debtor. The rule prohibits confessions of judgment, exemption waivers, irrevocable wage assignments, non-purchase security interests…
