FOR IMMEDIATE RELEASE: October 24, 2019 “It sends a terrible signal for the FDIC and OCC to support a predatory lender that used a bank to enable a destructive 120% APR loan.” WASHINGTON, D.C. - Small business advocates, consumer groups, and civil-rights advocates today sent a letter to the Federal Deposit Insurance Corp. (FDIC) and [...]

Prolific robocaller Yodel Technologies seeks exemption for making over 77 million unwanted and illegal telemarketing calls using AI and prerecorded voice messages. WASHINGTON - Yodel Technologies (Yodel) seeks to escape liability by petitioning the Federal Communications Commission (FCC) for an exemption for its “robot calls.” Using its “soundboard” technology to mimic a consumer’s interaction with [...]

WASHINGTON - On Thursday, the Consumer Data Industry Association (CDIA) sued the State of New Jersey over its new law requiring credit reports to be provided in Spanish and 10 other languages, claiming the law is preempted and a violation of the First Amendment. CDIA is a trade association for the credit reporting industry, the [...]

FOR IMMEDIATE RELEASE: October 16, 2019 National Consumer Law Center contacts: Lauren Saunders (lsaunders@nclc.org) or Jan Kruse (jkruse@nclc.org) Washington, D.C. – Advocates at the National Consumer Law Center urged the public to check out a new online tool from the Consumer Financial Protection Bureau (CFPB) where consumers, workers, researchers, employers, and others can see prepaid [...]

FOR IMMEDIATE RELEASE: October 11, 2019 National Consumer Law Center contacts: Lauren Saunders (lsaunders@nclc.org) or Jan Kruse (jkruse@nclc.org) Washington, D.C. - Advocates at the National Consumer Law Center applauded news that California Governor Gavin Newsom late yesterday signed into law AB 539, a bill to stop outrageous interest rates that payday lenders in California are [...]