All Issues

Banking, Payments, & Remittances

Bank accounts, prepaid cards, banking apps, and gift cards store consumer funds or handle payments. New technologies like faster payment services, cryptocurrencies, and proposed digital currencies may also hold funds or make payments. NCLC supports safe banking options and opposes overdraft and other unfair fees, payment scams, lack of deposit insurance, and other problems that can harm or exclude consumers. NCLC opposes expanding bank privileges, including preemption of state consumer protection laws, to non-bank entities.

Key Topics

Bank Charters

Fighting expansion of bank charters and bank privileges in ways that undermine consumer protections. 

Bank, Prepaid & Other Deposit Accounts

Working to protect bank accounts, prepaid cards, and other deposit accounts.

Crypto-Assets & Digital Currencies

NCLC works to ensure that crypto-assets are not used to perpetrate fraud or strip assets from low-income people.

Overdraft Fees & Services

Fighting abusive overdraft fee practices that harm consumers.

Payments & Payment Fraud

Working to protect consumers and fight fraud when people send money and make payments.

Remittances

NCLC has been the leading advocate for remittance senders in the past two decades, striving to protect them against unfair and undisclosed fees imposed by remittance providers.

Featured

Recent Resources

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Bill to Overturn CFPB Overdraft Fee Rule Would Hurt Families, Allow Big Banks to Keep $5 Billion in Excessive Fees

February 13, 2025

Digital Library: Helping Consumers Harmed by Payment Fraud

February 6, 2025

NCLC Statement for the Record on Senate Committee on Banking, Housing, and Urban Affairs Hearing on Investigating the Real Impacts of Debanking in America

February 5, 2025

Mississippi Bankers Association et al v. Consumer Financial Protection Bureau

February 5, 2025

Coalition Moves to Protect Consumers from Costly Bank Overdraft Fees 

February 5, 2025

Congress’s Move to Overturn Overdraft Fee Rule Would Block Relief for Families Living Paycheck to Paycheck

February 3, 2025

Overdraft Rule Returns $5 Billion in Big Bank Junk Fees to Consumers’ Pockets

January 29, 2025

CFPB Rescinds 2020 Advisory Opinion on Earned Wage Advances

January 16, 2025

Comments to the FDIC Regarding Recordkeeping for Custodial Accounts

January 16, 2025

Comments & Letters

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Comments to the FDIC Regarding Recordkeeping for Custodial Accounts

January 16, 2025

Comments on EGRPRA Review of of Bank Secrecy Act Compliance and Reports of Crimes or Suspected Crimes

October 30, 2024

Comments on Bank-Fintech Arrangements Impacting Payments and Deposit Accounts

October 30, 2024

Letter to CFPB Urging Regulations on International Remittances to Reduce Junk Fees

October 28, 2024

Comments Regarding Expansion of Fedwire Funds Service and National Settlement Service Operating Hours

September 6, 2024

Comments in Support of the Expansion of Fedwire Funds Service and National Settlement Service Operating Hours

September 6, 2024

Comments on FinCEN’s Proposed Rule on Anti-Money Laundering and Countering the Financing of Terrorism Programs

September 3, 2024

Consumer Groups to CFPB—Please Act to Reduce Junk Fees in International Remittances

August 23, 2024

Letter Opposing HJ Resolution 109 Rescinding the Securities and Exchange Commission’s Staff Accounting Bulletin (SAB) 121

May 14, 2024

Reports

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The LIBOR Is Ending: What Consumer Advocates Should Know

May 3, 2023

Health Care Plastic: The Risks of Medical Credit Cards

April 27, 2023

Fintech and Consumer Protection: A Snapshot

March 1, 2019

Paper Statements: An Important Consumer Protection

March 1, 2016

Rating State Government Payroll Cards

November 5, 2015

Payday Lender Prepaid Cards: Overdraft and Junk Fees Hit Cash-Strapped Families Coming and Going

July 21, 2015

Report: Restoring the Wisdom of the Common Law: Applying the Historical Rule Against Contractual Penalty Damages to Bank Overdraft Fees

April 21, 2013

Unemployment Compensation Prepaid Cards

January 1, 2013

Bounce Protection: How Banks Turn Rubber into Gold by Enticing Consumers to Write Bad Checks

January 28, 2003

Issue Briefs

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Overdraft Rule Returns $5 Billion in Big Bank Junk Fees to Consumers’ Pockets

January 29, 2025

Earned Wage Advances and Other Fintech Payday Loans: Workers Shouldn’t Pay to be Paid

April 20, 2023

2022 Consumer Protection Federal Priorities

February 18, 2022

2021 Banking Agency Predatory Lending and Safe Banking Priorities

January 1, 2021

Payday Lenders Plan to Evade California’s New Interest Rate Cap Law Through Rent-A-Bank Schemes

October 1, 2019

New Protections for Prepaid Cards and Accounts

March 28, 2019

New Protections for Payroll Cards

March 28, 2019

New Protections for Government Benefit Prepaid Cards

March 19, 2019

Restoring the Wisdom of the Common Law: Applying the Historical Rule Against Contractual Penalty Damages to Bank Overdraft Fees

April 17, 2013

Testimony

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NCLC Statement for the Record on Senate Committee on Banking, Housing, and Urban Affairs Hearing on Investigating the Real Impacts of Debanking in America

February 5, 2025

Comments on CFPB Proposed Rule on NSF Fees

March 25, 2024

Testimony In Support of Maryland HB 1156: The Elder Fraud Prevention Act of 2024

February 23, 2024

Testimony of Carla Sanchez-Adams on “Examining Scams and Fraud in the Banking System and Their Impact on Consumers”

February 1, 2024

Statement Before Senate Banking Committee on Overdraft Fees and Their Effects on Working Families

May 4, 2022

Written Testimony for House Financial Services on Digital Wallets

April 28, 2022

Statement Before U.S. House Committee on Financial Services on the End of Overdraft Fees

March 31, 2022

Testimony of Lauren Saunders Before the U.S. House Task Force on Financial Technology on Buy Now, Pay Later and Other Fintech Cash Flow Products

November 1, 2021

Testimony Before U.S. House Financial Services Task Force Regarding “Banking on Your Data: The Role of Big Data in Financial Services”

November 21, 2019

Press Releases & News

View All for Press Releases & News
Bill to Overturn CFPB Overdraft Fee Rule Would Hurt Families, Allow Big Banks to Keep $5 Billion in Excessive Fees

February 13, 2025

Digital Library: Helping Consumers Harmed by Payment Fraud

February 6, 2025

Coalition Moves to Protect Consumers from Costly Bank Overdraft Fees 

February 5, 2025

Congress’s Move to Overturn Overdraft Fee Rule Would Block Relief for Families Living Paycheck to Paycheck

February 3, 2025

CFPB Rescinds 2020 Advisory Opinion on Earned Wage Advances

January 16, 2025

CFPB Sues Zelle and Three Major Banks for Enabling Payment Fraud

December 20, 2024

CFPB Overdraft Rule Provides Real Savings for Families Living Paycheck to Paycheck

December 12, 2024

CFPB Provides New Oversight of Big Tech Digital Wallets and Payment Apps

November 21, 2024

Consumer Advocates Urge Regulators to End Predatory Bank-Fintech Partnerships

October 31, 2024

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