Synchrony's Planned Rate Hike Unjustified, Advocates Say
Consumer advocates question what is driving higher rates and defend the new late fee rule by the CFPB.
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FTC Letter RE: Stay-or-Pay Contracts and Training Repayment Agreement Provisions (TRAPs)
NCLC, on behalf of its low-income clients, signed onto a letter to the FTC to support closing loopholes in the final Non-Compete Clause Rule, 88 Fed. Reg. 3482 (proposed Jan. 19, 2023). NCLC supports closing these loopholes to ensure that the regulation is truly a complete ban on non-compete clauses and functionally similar contracts, such…
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The New York Times: ‘Pay Later’ Lenders Have an Issue With Credit Bureaus
Appearing in The New York Times on April 23, 2024, Jordyn Holman and Ben Casselman interview NCLC Senior Attorney Chi Chi Wu for coverage of “buy now, pay later” loans and how they aren’t typically reported on consumers’ credit reports. “The credit reporting system is a system that assumes monthly payments, it assumes longer-term loans,…
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Letter Opposing Efforts to Overturn Credit Card Late Fees Rule
NCLC was among 90 national, state, and local organizations that sent a letter to Congress strongly opposing any attempts by lawmakers to overturn the Consumer Financial Protection Bureau’s (CFPB) finalized rule on credit card late fees. Overturning the rule would result in higher credit card fees for working families. The rule is a critical step…
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Bland v. Carolina Lease Management Group et al
Bland v. Carolina Lease Management Group et alU.S. District Court Case No. 4:22-CV-33-BO (E.D.N.C.)Court of Appeals, 4th Cir., Case No. 23-1367 This class action challenges exploitative rent to own contracts. Plaintiffs entered into separate rent to own contracts for storage sheds with Carolina Lease Management Group. The agreements provided that after 4 years of monthly…
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Carolina Lease Management Group v. Greene
Carolina Lease Management Group v. GreeneNo. 21 CvD 134 (Jones Cty. Super. Ct., N.C.) This case involves a class counterclaim filed in response to a replevin action. The counterclaim alleges that Mr. Greene and hundreds of others like him entered into a rent to own contract for storage sheds with Carolina Lease Management Group. The…
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