High-Cost Credit

Credit Cards

NCLC fought for the 2009 Credit CARD Act that eliminated a host of abuses by credit card companies. We continue to push to make credit cards safer so that consumers do not rack up unmanageable debt or suffer from hidden or unfair fees or interest charges.

Featured

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Consumer Group Comments Supporting CFPB Proposal for $8 Credit Card Late Fees

May 3, 2023

NCLC-CFA Comments in Response to CFPB Request for Information Regarding the Consumer Credit Card Market

April 24, 2023

Group Comments to CFPB’s Advanced Notice of Proposed Rulemaking on Credit Card Late Fees

August 1, 2022

Paper Statements: An Important Consumer Protection

March 1, 2016

Deceptive Bargain: The Hidden Time Bomb of Deferred Interest Credit Cards

December 16, 2015

Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”

May 2, 2022

Comments to CFPB Regarding 10-Year Regulatory Flexibility Act Review and Biannual Credit CARD Act Market Review

October 27, 2020

The New York Times: More Options to Pay for Medical Care, but Some May Be Costly

May 12, 2023

Digital Library: 28 Consumer Rights to Request Information, Company Record Retention Requirements

May 8, 2023

Comments & Letters

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Consumer Group Comments Supporting CFPB Proposal for $8 Credit Card Late Fees

May 3, 2023

Group Comments to CFPB’s Advanced Notice of Proposed Rulemaking on Credit Card Late Fees

August 1, 2022

Comments to CFPB Regarding 10-Year Regulatory Flexibility Act Review and Biannual Credit CARD Act Market Review

October 27, 2020

Letter to CFPB Regarding 2009 CARD Act

May 1, 2019

NCLC-CFA Comments in Response to CFPB Request for Information Regarding the Consumer Credit Card Market

April 24, 2023

Comments to CFPB in Response to Request for Information Regarding the Consumer Credit Card Market

May 1, 2019

Comments to CFPB Regarding Inherited Regulations and Rulemaking Authorities

June 25, 2018

Comments in Response to Request for Information Regarding the Credit Card Market, Docket No. CFPB-2017-0006

June 8, 2017

Two Sets of Comments in Response to CFPB Request for Information Regarding the Credit Card Market

June 17, 2015

Reports

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Paper Statements: An Important Consumer Protection

March 1, 2016

Deceptive Bargain: The Hidden Time Bomb of Deferred Interest Credit Cards

December 16, 2015

Health Care Plastic: The Risks of Medical Credit Cards

April 27, 2023

Beyond the Credit CARD Act: Features of a Safer Credit Card

November 1, 2010

Fee-Harvesters: Low-Credit, High-Cost Cards Bleed Consumers

November 1, 2007

Issue Briefs

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Pandemic Lawsuits in California: Credit Card Issuers & Debt Buyers Top Litigants in 2021

July 15, 2022

Federal Ability-To-Repay Requirements for Small Dollar Loans

November 1, 2021

Consumer Concerns: Information for Advocates Representing Older Adults

December 17, 2014

Testimony

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Testimony Responding to the Proposed Amendments to the Massachusetts Rules of Civil Procedure Regarding Credit Card Debts

Press Releases

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Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”

May 2, 2022

Consumer Advocates Criticize Credit Card “Relief” from CFPB and Warn Consumers to Avoid Unwanted Electronic Statements

June 4, 2020

Beware Holiday Shoppers: Deferred Interest Promotions Promise No Interest Now, but Can Cost Big Bucks Later

November 13, 2019

Consumer Bureau Proposes $8 ‘Safe Harbor’ on Credit Card Late Fees

May 3, 2023

Advocates Praise CFPB for Rescinding Harmful Policies that Weakened Consumer Protections

March 31, 2021

Beware Holiday Shoppers: Deferred Interest Promotions Promise No Interest Now, but Can Cost Big Bucks Later

November 15, 2018

Credit Card Protections Take Effect Feb. 22 But Loopholes and Abuses Persist

February 17, 2010

Resources for Consumers

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Your Credit Card Rights

August 9, 2016

Protections for Debit Card and Electronic Transactions

December 15, 2014

From the NCLC Digital Library

Truth in Lending

NCLC’s Truth in Lending Act treatise is the essential litigation tool for mortgages, car loans, credit cards, leases, and any other type of credit.

Read Chapter One