Top 10 Reasons Why Recent Trump Administration Efforts to Debank Immigrants Are a Bad Idea
This Issue Brief discusses the top ten reasons why efforts to shut immigrants out of bank accounts and access to credit is a bad idea, including:
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Coalition Letter in Opposition to H.R. 9330 (Steil), Earned Wage Access Consumer Protection Act
NCLC is among 226 labor, consumer, civil rights, and community organizations that sent a letter opposing H.R. 9330, the misnamed Earned Wage Access Consumer Protection Act, which exempts earned wage payday loans from the Truth in Lending Act (TILA), the Military Lending Act, the Equal Credit Opportunity Act, and other federal laws. The bill preempts…
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Congress Ignores Affordability Crisis With Legislation to Supercharge Predatory Lending and Boost Harmful Credit Reporting
WASHINGTON – During the House Financial Services Committee markup on Tuesday, members are expected to vote on at least four pieces of legislation that would harm families living paycheck to paycheck and struggling with affordability and access to credit. If enacted, these bills would expand payday loans aimed at low wage workers and make it…
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Illinois Passes Law to Protect Buy Now, Pay Later Borrowers
Buy-Now-Pay-Later Lenders Must Be Licensed in Illinois and Clearly Disclose Costs to Borrowers
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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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Coalition Letter to Federal Reserve Requesting Full Board Vote and Public Hearing on Applications of Enova and Opportunity Financial to Become Bank Holding Companies
The Board of Governors is presently reviewing the application of Enova International to acquire Grasshopper Bank and to become a bank holding company. The Board is also expected to shortly receive the announced application of Opportunity Financial (“OppFi”) to acquire BNC Bank and to become a bank holding company. In light of the unprecedented nature…
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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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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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Coalition Letter Opposing Unaffordable 100% APR Bank Loans; Urging Congress to Support State and Federal Interest Rate Limits
The 106 undersigned consumer, civil rights, and community organizations wrote to Chairman Scott, Ranking Member Warren, Chairman Hill and Ranking Member Waters urging them to defend and strengthen interest rate limits and transparency to address the affordability crisis by:
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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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Bloomberg Law: Celebrity-Backed Financial Tools for Teens Spur Federal Scrutiny
Appearing in Bloomberg Law on March 25, 2026, Cassandre Coyer and Evan Weinberger talk to Carla Sanchez-Adams, senior attorney at NCLC about how non-bank, fintech lenders targeting teens could warrant stronger guardrails from businesses, such as making sure terms of use are easy to understand. Other concerns from consumer advocates stem from the maturity of…
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