Before Approving 100% APR Banks, Fed Must Hold Public Hearings
Unprecedented Bids Could Create the First National Banks Dedicated to Predatory Lending
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Trump Administration Ramps Up Efforts to Debank Immigrants
New CFPB Advisory Telling Banks To Consider Immigration Status Does Not Create a New Legal Requirement
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More Than 100 Consumer Advocates From 30 States and D.C. Convene on Capitol Hill for Consumer Advocacy Day
By engaging directly with congressional offices, advocates aim to ensure that consumer interests remain at the center of policy discussions.
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Overdraft and NSF Fees Rise Above $12 Billion
With Federal Protections Rolled Back, States Can Take Action as Banks Increasingly Charge Struggling Families Overdraft Fees
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Payments Dive: Trump should nix high-cost loans
In an op-ed appearing in Payments Dive on May 28, 2026, NCLC Senior Attorney Lauren Saunders explains that if the president wants to provide people relief from high-interest debt, he should lead a crackdown against high-cost credit schemes. If Trump-appointed regulators approve Enova’s and OppFi’s applications to purchase small national banks, both could charge 100% APRs, or…
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Trump Fintech Order Will Promote Predatory Lending, Endanger Consumer Funds
Order Could Enable Payday Lenders to Ignore State Consumer Protection Laws and Skip Guardrails to Get Bank Charters
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Broad Coalition Urges Congress to Oppose Unaffordable 100%+ APR Bank Loans
Groups Urge Lawmakers to Reject Enova and OppFi’s National Bank Applications and to Support State and Federal Interest Rate Limits WASHINGTON – Today, over 100 consumer, civil rights, and community organizations sent a letter urging members of Congress to stop predatory bank loans by opposing the unprecedented national bank applications of Enova and OppFi. The…
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Another 100%+ APR Bank Seeks Trump Administration Approval
OppFi’s Acquisition of BNC Bank Would Circumvent Interest Rate Limits in 45 States
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Fed Urged to Reject Bank Application that Would Greenlight Enova’s 100% APR Loans Nationwide
Civil Rights and Consumer Groups Warn Approval Would Harm Communities of Color
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Banks, Credit Unions and Consumer Groups Support ‘Close the Shadow Banking Loophole Act’
The Act would protect consumers and the financial system by requiring all companies engaged in the same banking activities to follow the same rules.
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NPR: Should you use buy now, pay later? Experts share 4 tips to know
Airing on NPR’s Planet Money on December 13, 2025, Vito Emanuel talks to NCLC Associate Director and Director of Federal Advocacy Lauren Saunders about how more shoppers are choosing to buy now, pay later this holiday season. Saunders warns it’s easy to borrow too much and lose track of how much you’re paying and when…
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Digital Library: Successful Challenges to Earned Wage Payday Loans
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…
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