Opposition Letter to H.R. 4763, the Financial Innovation & Technology for the 21st Century Act
NCLC signed-on to a letter submitted to the House Committee on Financial Services and House Committee on Agriculture opposing proposed crypto legislation.
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Comments to FDIC Regarding False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo
The National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Reform Fund, Consumer Reports, Student Borrower Protection Center, Public Justice Center, Public Good Law Center, U.S. PIRG, Consumer Federation of America, and Better Markets submitted comments regarding the Federal Deposit Insurance Corporation’s (FDIC) recent proposed changes to part 328…
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Written Testimony on Crypto-Assets
The National Consumer Law Center, on behalf of its low-income clients, submitted a statement for the record on crypto-assets for consideration in the above hearing. We see little to no legitimate consumer-facing use for crypto-assets and few, if any, potential benefits that are not heavily outweighed by the high degree of risk, harm, and evasion…