National Consumers League

From the Experts Blog

NCL staff is hard at work for you playing watchdog on a variety of issues. Get to know the latest From the Experts!

The assault on consumer rights moves into high gear

SG_HEADSHOT.jpgThis past week, the National Consumers League (NCL) took its working capital out of Wells Fargo Bank and deposited it with the pro-consumer and pro-worker Bank of Labor. We did this for several reasons. One of the primary reasons is that Wells Fargo forced its staff to open more than 2 million phony bank accounts without their customers’ consent to generate fees and penalties. We moved the money to Bank of Labor because BOL does not have a provision – known as forced mandatory arbitration – in its contract with its customers who bank there. It is also union-owned and unionized. 

Read More →

Don’t miss out on this important tax credit

For taxpayers who claimed the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), this is the week that those refunds will start to arrive in bank accounts or on debit cards. Due to a new law designed to reduce rates of tax identity fraud, the IRS this year began holding refund checks for EITC and ACTC-eligible filers until February 15. Because of the President’s Day and other bank holidays, filers who applied for those credits won’t start seeing their refunds in their accounts until today. Impacted individuals can check the status of their refund online or on the IRS2Go mobile app.  

Read More →

Union membership hitting new low

SG_HEADSHOT.jpgThe sad news that union membership has hit the lowest levels on record in the U.S. means a further depression of wages and benefits. According to a report by the U.S. Labor Department (DOL), only 10.7 percent of workers were union members last year, down from 11 percent in 2015, and nearly 20 percent in the early 1980’s.

Read More →

Find yourself asking, 'Where’s my refund?'

The law requiring the IRS to delay issuing refunds for certain taxpayers has caused a lot of uncertainty this tax season. In fact, it is believed that this delay, which impacts those claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), is partially responsible for up to a 78 percent drop in refunds compared to this time last year. This has left many wondering when they can expect their refund in their bank account.

Read More →