Earned wage payday loans, also known as payday loan apps, earned wage access products, earned wage advances, or fintech payday loans, are a fast-growing payday lending scheme. Typically claiming not to be loans and to charge no interest, these schemes are set up to evade federal and state consumer lending laws. This article explains why earned…
Read More about Digital Library: Successful Challenges to Earned Wage Payday Loans
As holiday shopping kicks into gear amid an affordability crisis, advocates warn shoppers to check twice before accepting financial promotions.
Legislation would open the door for payday loan apps to take even more from the already stretched-thin paychecks of military servicemembers and other workers.
Read More about Proposed Law Would Supercharge Predatory ‘Earned Wage’ Payday Lending
Tenth Circuit Court of Appeals Finds that Federal Law Allows States to Opt to Enforce Their Interest Rate Limits
Read More about Appellate Court Upholds Colorado’s Power to Block Predatory Out-of-State Bank Loans
Appearing in the Detroit Free Press on Oct. 8, 2025, Susan Tompor interviews NCLC Senior Attorney Carla Sanchez-Adams for coverage of how sophisticated crime rings have engineered yet another way to turn stolen mail or packages into cold cash. “The amount that a consumer may be on the hook for depends on when the consumer…
Appearing in The New York Times on October 3, 2025, Ann Carrns interviews NCLC Senior Attorney Carla Sanchez-Adams about how heavy users of pay-advance apps are under significant financial strain. Some apps urge users to pay “tips” when taking advances, suggesting the payments are optional. But consumer advocates say it can be difficult in practice…
Read More about The New York Times: Some Workers Are Turning to Pay-Advance Apps for Basic Expenses
Task force aims to solve America’s $158 billion fraud problem.
Payment fraud continues to pose a threat to U.S. households, businesses, financial institutions, and the economy as a whole. Americans are plagued by problems with unauthorized transactions and fraudulently induced payments involving peer-to-peer payment applications, crypto-assets, bank-to-bank wire transfers, check alterations and forgeries, and Electronic Benefits Transfer (EBT) card skimming. Technological advances, making mobile and…
Read More about Strategies to Prevent Payment Fraud and Keep Our Banking and Payment Systems Safe
The National Consumer Law Center (on behalf of its low-income clients) and Consumer Federation of America submit these comments on the Consumer Financial Protection Bureau’s advance notice of proposed rulemaking (ANPR) on whether to propose a rule to amend the test to define larger nonbank participants in the international money transfer (remittances) market. Entities defined…
Carla Sanchez-Adams, senior attorney at the National Consumer Law Center (NCLC), provided testimony to the Oversight and Investigations Subcommittee of the U.S. House Financial Services Committee.
Read More about Financial Fraud is a National Crisis Demanding Better Protection
Fraud continues to pose a threat to U.S. households, businesses, financial institutions, and the economy as a whole. Consumers are plagued by problems with unauthorized transactions as well as fraudulently induced payments involving peer-to-peer payment applications, crypto-assets, bank-to-bank wire transfers, check alterations and forgeries, and Electronic Benefits Transfer (EBT) card skimming. The increasing ease and…
NCLC submitted comments to the Office of the Comptroller of the Currency, Federal Reserve Board and Federal Deposit Insurance Corp. in response their request for information on actions to address payment fraud.
Read More about Comments to OCC, Fed, and FDIC on Payment Fraud
