Junk fees, “tips” obscure APRs over 300% on earned wage advances, nonbank banking apps, and other fintech payday loans WASHINGTON – The California Department of Financial Protection and Innovation (DFPI) has proposed new regulations governing disguised fintech credit and released new data showing high costs for consumers who use earned wage advances and other fintech…
FinWise Bank’s lending through American First Finance, Elevate, and Opportunity Financial (OppFi), offering loans at up to 160% APR, raises serious consumer protection issues.
Read More about FDIC Should Downgrade FinWise Bank Over Predatory ‘Rent-a-Bank’ Lending
New rule would allow garnishment of up to half of an incarcerated person’s wages and three-quarters of funds sent by family members to cover fines, fees, and restitution WASHINGTON — Yesterday, advocates for incarcerated people and their loved ones expressed strong opposition to a Proposed Rule from the Bureau of Prisons (the “Bureau”) that would…
A new report from the National Consumer Law Center looks at the dizzying array of junk fees renters can face when they try to find and keep rental housing, which can present barriers to affordability.
Read More about Too Damn High: New Report Examines Role of Junk Fees in Skyrocketing Rents
Worker and consumer rights advocates from California and across the country call on the California attorney regulation agency to act quickly to clarify that it is unethical for attorneys to encourage corporate clients to include illegal or unenforceable terms in fine-print contracts. On Friday, a coalition of worker and consumer advocates urged the California attorney…
Read More about Advocates Urge COPRAC to Move Swiftly on Critical Ethics Opinion
Springfield, Ill. — A coalition of Chicago, statewide and national organizations focused on consumer rights, environmental justice, energy and the environment are joining forces to push for legislation to improve affordability of utility service in response to decades of Illinois utility rate increases with no end in sight. The People’s Utility Rate Relief Act (PURR…
