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Reuters: California case could deal blow to high-interest online lenders

August 31, 2023

Originally appearing in Reuters on Aug. 31, 2023, Jody Godoy interviews Lauren Saunders for coverage of a California case against an online lender offering small loans at over 150% interest violates state law that would deal a blow to finance companies that profit from cash-strapped borrowers. California’s fight with OppFi could set an example for…

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How to Opt-Out of a Forced Arbitration Clause

July 27, 2023

What is forced arbitration? Forced arbitration clauses are hidden in the fine print of agreements. They take away your access to the courts and give companies that violate the law a get-out-of-jail-free card. Ifyou have a dispute, you cannot file a lawsuit in court and have the case heard in public. You also typically cannot…

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199% Auto Repair, Pet Loans Face Crackdown by DC, States

July 12, 2023

DC joins two states in stopping rent-a-bank loans by EasyPay Finance and TAB Bank that evade state interest rate laws WASHINGTON – Advocates applauded today’s announcement by the Office of the Attorney General (AG) of the District of Columbia that DC has forced EasyPay Finance to stop making loans up to 198.98% despite DC’s 24%…

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American Banker: Colorado's new law on high-cost lending may be a model for other states

June 7, 2023

Originally appearing in American Banker on June 7, 2023, Polo Rocha discusses a legal debate that brewing over whether the Colorado law leaves potential wiggle room for high-cost lenders with NCLC’s Lauren Saunders. Lauren Saunders, associate director at the National Consumer Law Center, described such debates as lawyers trying to “gin up uncertainty” even though…

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New Colorado Law a Model for Stopping Predatory Rent-a-Bank Lending

June 6, 2023

Advocates applauded a new Colorado law signed yesterday by Gov. Jared Polis to protect Coloradoans from predatory lending through “rent-a-bank” schemes.

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Amicus Brief from Public Citizen, NCLC, and NACA in Support of Respondent in LAC Du Flambeau v. Coughlin Supreme Court Case

March 30, 2023

NCLC and NACA joined an amicus brief prepared by Public Citizen in the Supreme Court case of Lac Du Flambeau v. Coughlin. The issue presented by the case is whether the Bankruptcy Code can abrogate the sovereign immunity of Native American tribes.

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Search Results

Reuters: California case could deal blow to high-interest online lenders

How to Opt-Out of a Forced Arbitration Clause

199% Auto Repair, Pet Loans Face Crackdown by DC, States

American Banker: Colorado's new law on high-cost lending may be a model for other states

New Colorado Law a Model for Stopping Predatory Rent-a-Bank Lending

Amicus Brief from Public Citizen, NCLC, and NACA in Support of Respondent in LAC Du Flambeau v. Coughlin Supreme Court Case