PAYROLL CARD LEGISLATION FOR STATES Millions of employees are paid by payroll card, as the number of payroll cards have grown with increasing popularity in the past decade. However, the employer’s benefit could be the employee’s burden if the cards have high and numerous fees, offer payday-loan type credit features or are simply too complicated Continue Reading
Debt settlement services hold out the promise of settling debts for less than the full amount owed. To achieve the touted result of settling debts, however, the consumer first has to save enough to fund settlements of the debts. Multiple debts may be involved, and the process may be designed to take several years. While Continue Reading
Consumers Union and NCLC’s Payroll Card Legislation for States Consumers Union and the National Consumer Law Center (NCLC) have developed model legislation to provide stronger protections for consumers who issue and utilize payroll cards. We are ready to work with states to strengthen payroll card protections. For additional information on what to look for in Continue Reading
The State Clean Credit and Identity Theft Protection Act offers specific, workable provisions that state legislatures can adopt to reduce the risk of identity theft and to give consumers tools to prevent some of the harm from identity theft. The model law offers types of protections and of these that have actually been adopted by state legislatures. This model law was prepared by CU and the State PIRGs.
This legislation would prevent consumers from losing the value on their gift cards.
CU joins other consumer groups to call for stronger new rules from the Federal Reserve Board on Unfair Trade Practices in Mortgage Lending
Consumers Union issue paper restricting private use of SSNs
Congressional bills that aim to curb ID theft by limiting the use and availability of Social Security numbers.