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national consumer law center

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Reforming the Credit Card Industry
Consumers should be able to use plastic without getting skewered by unfair bank practices. Although the Federal Reserve passed new regulations to reform the industry, many consumer groups argue the Fed failed to complete the job. Here's a list of additional reforms needed to make credit cards fairer for consumers....
Tags: Bank, Federal Reserve Board, Rate, Credit Card, MoneyWatch, Penalty Rate, Financial Services, Sales Channel, Sales, Federal Reserve, Carolyn Maloney, Carl Levin, Richard Durbin, Usury Rate, Fixed Rate, Default, Universal Default, Consumers Union, Consumer Federation of America, Center for Responsible Lending, National Consumer Law Center, Marlys Harris
Articles 2009-04-15

Additional Resources

Consumer and Civil Rights Groups Reject Federal Report on Insurance Credit Scoring
To: POLITICAL EDITORSContact: Birny Birnbaum of Center for Economic Justice, +1-512- 784-7664; or Allen Fishbein or Travis Plunkett, +1-202-387-6121, both of Consumer Federation of America; or Chi Chi Wu of National Consumer Law Center, +1-617- 542-8010; or Deidre Swesnik of National Fair Housing Alliance, +1-202-277-4437 WASHINGTON, July 24 /PRNewswire-USNewswire/ --...
Tags: FINANCE, FTC, Insurance
Research articles 2007-07-24
Groups, Including CUs, Blast Use Of Fee-Based Overdraft Plans
More than 50 consumer groups have joined together to blast "fee-based overdraft programs" in place at more than 1,000 financial institutions, including credit unions.Calling such programs a "hidden and unfair tax on the most vulnerable depositors," 54 advocacy groups, including the Center for Responsible Lending CRL, National Community Reinvestment Coalition,...
Tags: bank, Federal Reserve Board
Research articles 2003-02-03
Military Lending Act to Take Effect October 1
To: POLITICAL EDITORSContact: Jean Ann Fox or Travis Plunkett +1-202-387-6121, both of Consumer Federation of America, Lauren Saunders of National Consumer Law Center, +1-202-452-6252, and Kathleen Keest or Carol Hammerstein, +1-919-313-8518, both of the Center for Responsible Lending Federal law will protect troops and their families from some predatory loansWASHINGTON,...
Tags: FINANCE, financial, payday, Pentagon
Research articles 2007-09-27
Consumers Should be Given More Choices, Not Less During Tax Season
To: BUSINESS EDITORSContact: Pete Sepp, Vice President for Communications of National Taxpayers Union, +1-703-683-5700 WASHINGTON, Feb. 12 /PRNewswire-USNewswire/ -- In response to the 2007 Refund Anticipation Loan RAL Report released last week by the National Consumer Law Center NCLC and the Consumer Federation of America CFA, Pete Sepp, vice president...
Tags: FINANCE, financial, Internal Revenue Service, Strategy, Taxes
Research articles 2007-02-12
Reverse Mortgage Brokers Are No Angels
A few days ago, I put up a spoofy post called "Five Jobs for Lousy Times and No Talent Necessary." One of my top picks was reverse mortgage broker. My reasoning: As the population ages and taps out any retirement savings left after the financial crisis, reverse mortgages, which are available...
Tags: Annuity, Broker, Equity, Mortgage Broker, Mortgages, Investment, Personal Finance, Financial Services, Finance, Capital Structures, Marlys Harris
Blog posts 2009-10-29
The Sacramento Bee, Calif., Moneywise Column.
By Loretta Kalb, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News Apr. 13--A new generation of credit counseling agencies is posing a severe threat to consumers who sign up for services that will not help them. That's the unfortunate but...
Tags: agency, Internal Revenue Service, MARKETING
Research articles 2003-04-13
Regulations: not all overdraft programs are created equal
We've all figured out by now that not all overdraft programs are created equal. There's no way to miss the media attention given to these programs that are meant to provide additional benefits to customers.But it's the institutions abusing the programs that have sparked the interest of consumer advocate groups...
Tags: bank, Benefits, Federal Reserve Board, National Science Foundation, regulation
Research articles 2004-07-01
Debt: Buyer's Remorse
If you're buried in bills, here's more bad news: help isn't on the way. Lenders are less likely to offer concessions to cash-strapped borrowers, reports the National Consumer Law Center. And that traditional last resort--the credit-counseling industry--is getting squeezed, too. How come? The Internal Revenue Service is preparing to drop...
Tags: borrower, concession, Internal Revenue Service, Strategy
Research articles 2006-02-13
Foreclosure Mediation Programs Aren't Working Because of Net Present Value (NPV) Calculations
Is foreclosure mediation going to prevent millions of foreclosures over the next few years? Probably not, according to a new study released this afternoon by the National Consumer Law Center NCLC that looks at how effective 25 foreclosure mediation programs in 14 states have been at preventing foreclosures....
Tags: Homeowner, Foreclosure, Ilyce Glink
Blog posts 2009-09-23
Calculating the Net Present Value (NPV) of a Foreclosure vs. a Loan Modification
Now I sort of understand why so many homeowners are in loan modification hell. This Dante's Housing Crisis Inferno has been fanned by the introduction of a simple calculation: the NPV. What's the NPV? NPV stands for net present value, and it is an...
Tags: Homeowner, Foreclosure, Modification, Ilyce Glink
Blog posts 2009-09-23
Waste Industry Briefs.(National Center for Electronics Recycling research)(Rumpke Consolidated Companies Inc. acquires Elkins Waste Services Inc.)(Maine electronic recycling law)
Electronics Duo attempts national e-recycling plan The National Center for Electronics Recycling and the Consumer Electronics Association are teaming up on a new research initiative to help develop a national electronics recycling infras ...
Tags: electronics, company, manufacturer, monitor, TV
Research articles 2006-01-30
States Need Bigger Role in Halting Predatory Lending
On January 7, 2004, the federal Office of the Comptroller of the Currency quietly staged a coup against the U.S. states. The move poked a gaping hole in the laws shielding consumers from predatory banking practices, and also coincided with a historic boom in subprime lending. Now we're paying the...
Tags: Bank, OCC, APL, Banking, Financial Services, Alain Sherter
Blog posts 2009-10-16
Mandatory Arbitration: Why the Card Companies Always Won
Sorry to rag on credit-card companies again (actually, you know I love it), but news keeps coming out about their odious practices -- or in this case, the odious practices others perform for them. Take mandatory -- sometimes called "forced" -- arbitration. You may not realize it,...
Tags: Arbitration, Kucinich, Marlys Harris
Blog posts 2009-07-23
Expanding Overseas:The Best Small Markets
Thanks to job growth and newfound political stability, these smaller markets present a big opportunity for U.S. and other western companies to expand. .expansionPic { width:324px; float:right; margin:0px 0 10px 10px; padding:5px 5px 0; background:#edece7; border:1px solid #d4d4d4; } * html .expansionPic { display:inline; margin-top:20px;} ...
Tags: Rwanda, Jennifer Alsever, Software, Enterprise Software, Finance, Vertical Industries, U.S., Gross Domestic Product, Free Trade, Government, Kenya, Real Estate Price, Rwanda Rwanda, Vietnam, Garcia, World Bank, Peru, Real Estate, Kazakhstan, Business, Investment, China, Business Operations, Risk Assessment, Business Expansion, International, BNET Feature
Articles 2008-04-21
Why Credit Card Regulation Is Broken
Until recently, regulators routinely looked the other way as credit card issuers ensnared unwitting consumers with huge finance charges and penalties. So how did credit card regulation become so broken? Here's a brief history of the slippery practices of the industry. How...
Tags: Bank, Credit Card, Regulation, MoneyWatch, Sales Channel, Financial Services, Sales, Finance, Credit Cards, Usury, Interest Rate, Consumer Protection, Schumer Box, Federal Reserve, Default, Universal Default, Penalty Rate, Bernanke, Fed, Truth In Lending Act, MoneyWatch Briefing, Marlys Harris
Articles 2009-04-15
The Public Option And Insurance Exchange In The House Bill
In my first post, I described the major features and basic approach of HR 3962, as well as the provisions of the bill that would go into effect more or less immediately.  This post will look more closely at some of the bill's basic insurance reform elements.  In a final...
Tags: Plan
News items 2009-10-30
Destocking Hurts Pernod in the Holidays
Pernod Ricard released a trading statement today on its first half sales results, saying overall sales performance was "satisfactory and in line with our expectations." Organic net sales growth was around 5%. On the whole, said the company, holiday sales "went well" with most emerging markets enjoying continued strong growth...
News items 2009-08-07
Facebook and MySpace delete NY sex offenders
New York Attorney General Andrew Cuomo announced Tuesday that more than 3,500 sex offenders from his state have been purged from Facebook and MySpace.Both companies have long had policies against registered sex offenders using their services, but the implementation of New York's new Electronic Securing and Targeting of Online Predators...
Tags: Facebook, MySpace, Site, Sex Offender
News items 2009-12-01
NCPA'S Burnett to Testify on Arms Act; 'Important to Separate Legislative from Judicial Authority,' He Says
News Advisory: The Subcommittee on Commerce, Trade and Consumer Protection of the Committee on Energy and Commerce will hold hearings on H.R. 2037, the "Protection of Lawful Commerce in Arms Act," and H. Sterling Burnett, senior fellow at the National Center for Policy Analysis NCPA will testify. "The importance of...
Tags: Government, SOFTWARE, U.S. Congress
Research articles 2002-04-17
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