Comment Letters

February 13, 2009 | Filed under: Other Areas of Interest | Tagged with: consumer protection, Legislation, Lending

We the undersigned consumer, civil rights and labor organizations write to commend you for introducing the Credit Card Reform Act. As the U.S. economy balances precariously on the brink of recession, this important legislation will protect financially vulnerable families from many harmful practices that credit card companies use to unjustifiably increase fees and interest rates.

February 12, 2009 | Filed under: Telephone Consumer Protection Act | Tagged with: consumer protection, Lending, testimony

Daily, consumers throughout America receive collection letters claiming that s/he owes thousands of dollars on a delinquent credit card debt. Time and again, I and my fellow consumer advocates hear from clients who tell stories that mimic the facts described by the Court in Discover Bank v. Owens. In that case, an Ohio court found that Ms. Owens, an elderly woman who depended on a monthly Social Security Disability (“SSD”) check, had more than repaid the principal balance plus interest that she had borrowed on a Discover credit card. The court rejected Discover’s attempt to collect an additional $5000 in late fees, penalty interest and credit protection costs, because those charges were, in the court’s view, unconscionable.

February 9, 2009 | Filed under: Mortgage, Real Estate & Housing

NACA and other consumer groups submit comments to the Board of Governors of the Federal Reserve System regarding Docket No. R-1340.

February 6, 2009 | Filed under: Mortgage, Real Estate & Housing

The undersigned civil rights, consumer, and community organizations request the opportunity to meet with you to discuss the Treasury Department’s plans for using its authority and funding under TARP to assist homeowners facing foreclosure or in imminent danger of default.

January 13, 2009 | Filed under: Mortgage, Real Estate & Housing

The Troubled Asset Relief Program (TARP) must include a foreclosure prevention program that requires those who receive funding to engage in streamlined loan modification efforts. This TARP program must be implemented quickly, whether through an agreement with the Obama Administration on core principles or through legislation consistent with the concepts in Title II of Chairman Frank's H.R. 384.

April 29, 1998 | Filed under: Forced Arbitration

NACA and NCLC issued a press release in support of the Court Legal Access & Student Support (CLASS) Act, which protects students' right to access the court system. 

January 14, 1998 | Filed under: Telephone Consumer Protection Act

A letter signed by over 70 national and state advocacy organizations was sent to the FCC urging them to maintain protections of the TCPA.

| Filed under: Forced Arbitration

In a letter to the Consumer Financial Protection Bureau, NACA and NCLC address the prevalence and use of forced arbitration clauses in auto-finance contracts and the arbitral process available to auto-finance consumers.