Filter By
Appearing in the Los Angeles Times on January 7, 2025, Laurence Darmiento interviews NCLC Senior Attorney Chi Chi Wu for coverage of a lawsuit against Experian, one of the nation’s largest credit bureaus, filed by the Consumer Financial Protection Bureau for allegedly improperly handling consumer disputes. “It’s about time a credit bureau was held accountable…
Appearing in Bloomberg Law on January 7, 2025, Evan Weinberger interviews Chi Chi Wu to discuss action to scrap medical debt from consumer credit reports and how Republican lawmakers and the credit reporting industry will likely push to overturn the changes. “Medical debt has damaged the financial record of tens of millions for far too…
Read More about Bloomberg Law: Medical Debt Struck From Credit Reports in Final CFPB Rule
Appearing in American Banker on January 6, 2025, Kate Berry interviews NCLC Associate Director Lauren Saunders for coverage of how the incoming Trump administration is expected to seek the repeal of some regulations finalized by the Consumer Financial Protection Bureau. On the chopping block are rules finalized by the CFPB since August, the six-month lookback…
Read More about American Banker: Recent CFPB rules face repeal with no return under Trump
Appearing in USA Today on December 29, 2024, Russ Wiles interviewed NCLC Senior Attorney Carla Sanchez-Adams to discuss the CFPB’s new rule to limit costly overdraft fees and caution that it faces the risk of being overturned by Congress with simple majority votes in the Senate and House, with limited debate. Overdraft fees are “a…
Read More about USA Today: Here are your top tips for a financially healthy 2025
Originally appearing in ProPublica on December 23, 2024, Joel Jacobs and Megan O’Matz interviewed NCLC Associate Director Lauren Saunders for coverage of the tribal, high-interest lending industry. Consumer advocates do not expect that the second Trump administration will do anything to crack down on abusive lending practices linked to tribes or any other form of…
Appearing in USA Today on December 20, 2024, Greta Cross talks to NCLC Associate Director Lauren Saunders about companies like MoneyLion, a “new breed” of fintech payday loan companies. “We see a lot of these predatory lenders that offer loans that can be the equivalent of 300% APR, but they wrap themselves in all sort…