Blog Archive 2016

Post date: March 25, 2016 - 12:09pm

As you all know, NACA has been working on finding a solution to the problem of consumer clients being taxed for their attorney’s fees. After much analysis and input from all of you, we decided that our best course of action was to develop a retainer agreement that would protect...

Post date: August 3, 2016 - 12:00am

Two letters submitted today by 103 members of the U.S. House of Representatives and the ...

Post date: November 9, 2016 - 12:00am
Seen a man standin' over a dead dog lyin' by the highway in a ditch
He's lookin' down kinda puzzled pokin' that dog with a stick
Got his car door flung open he's standin' out on highway 31
Like if he stood there long...
Post date: December 2, 2016 - 3:07pm

Guest Blog by Leslie Bailey and Stacy Bardo, co-chairs of the board of directors

Hi fellow NACA Members!

Whew—with Thanksgiving now in the rearview mirror and 2016 rapidly coming to a close, we figured it was a good time to reach out to you all and check in on some...

Post date: July 21, 2016 - 4:46pm

Guest Blog by Jeff Nolan and Ralph Young

Juries are continuing to show that they are willing to hold credit funishers accountable for actions that they should take but do not. NACA members Jed Nolan and Ralph Young were recently given a favorable jury ruling in such...

Post date: July 19, 2016 - 11:28am

Last week, American Banker's blog "BankThink," posted a NACA opinion-editorial about the credit union industry...

Post date: July 5, 2016 - 4:15pm

Post by Sophia Huang, NACA's Law and Policy Intern

Some members of Congress seem to have it in for consumer rights and individual liberty. On June 22, Rep. Marlin Stutzman (R-IN) introduced a ...

Post date: May 24, 2016 - 3:48pm

Today, the Consumer Financial Protection Bureau’s proposed rule to limit forced arbitration was published in the Federal Register. Although the Bureau first released its proposal two weeks ago, the 90-day countdown for the public to submit feedback starts today and closes August 22....

Post date: May 9, 2016 - 3:19pm

Page updated July 10, 2017

On July 10, the Consumer Financial Protection Bureau (CFPB or Bureau) released its final rule to restrict the use of forced arbitration clauses in consumer financial contracts that prohibit consumers' participation in class action suits....

Post date: May 9, 2016 - 3:07pm

Financial institutions are so peeved with the real prospect of limiting forced arbitration in their fine-print contracts with customers.

The industry had instituted a clever ploy, created by its corporate lawyers, to insert requirements in companies' standard terms and...

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