Forty-five states and the District of Columbia (DC) currently cap interest rates and loan fees for at least some consumer installment loans, depending on the size of the loan. However, the caps vary greatly from state to state, and a few states do not cap interest rates at all.
We strongly support the FCC’s proposal to require that prior express consent for some calls that use AI must include a “clear and conspicuous disclosure that the consumer consents to receive AI-generated calls.” We also strongly support the in-call disclosure proposed by the Commission. The distinguishing characteristics of calls that should trigger the specific consent…
Read More about Reply Comments by National Consumer and Privacy Groups in AI Proceeding at FCC
NCLC filed these comments with the MA Department of Public Utilities (DPU) in docket 24-15, the so-called “affordability docket.” We recommended that the DPU: (1) develop policies to reduce “energy burdens” of the lowest-income households to well below the current target of 6%; (2) ban terminations of utility service during periods of extreme heat and…
These comments respond to proposed amendments to the Massachusetts Division of Banks (DOB) debt collection and mortgage servicing regulations. The comments raise concerns about DOB’s proposal to replace existing regulations with federal debt collection regulations (Regulation F) and to exempt “passive debt buyers.” The comments also propose suggestions to strengthen the DOB’s mortgage servicing regulations.
There has been limited action at the federal level to address unfair and deceptive zombie second mortgages. It is up to the states to act to protect homeowners trapped by a debt they believed was long behind them. This issue brief provides suggestions for statutory language that states can amend existing consumer protection statutes or…
NCLC, Consumer Reports and Consumer Federation of America filed an amicus brief in the D.C. Circuit in support of the Consumer Financial Protection Bureau’s appeal of a decision finding that it was arbitrary and capricious to include PayPal’s digital wallets that hold funds in the CFPB’s rule regulating prepaid accounts.
Read More about Amicus Brief: PayPal v. CFPB (DC Circuit) (Prepaid Rule)
