Order Could Enable Payday Lenders to Ignore State Consumer Protection Laws and Skip Guardrails to Get Bank Charters
Read More about Trump Fintech Order Will Promote Predatory Lending, Endanger Consumer Funds
Actions Would Radically Destabilize the National Banking System
Read More about Executive Order Will Cut Off Financial Services to Millions of Immigrants
Appearing in CNBC on May 4, 2026, Annie Nova talks to Anna Anderson, staff attorney at NCLC about how private student loan market is projected to expand, after President Donald Trump’s One Big Beautiful Bill Act established new borrowing limits on federal education loans for graduate students. Private lenders will likely reject many student applicants because…
Appearing in USA Today on May 3, 2026, Andrea Riquier writes about how fintech companies are offering rent‑now‑pay‑later services to help renters manage cash‑flow gaps caused by soaring housing costs, but Ariel Nelson, senior attorney at NCLC, and other consumer advocates argue the products are costly, sometimes predatory, and insufficiently regulated. “These products speak to…
Read More about USA Today: Rent is crushing Americans. Now some companies say: Pay later
Appearing in An Arm and A Leg on May 7, 2026, Claire Davenport talks to Chi Chi Wu, Director of Consumer Reporting and Data Advocacy and Acting Co-Director of Federal Advocacy at NCLC about new reporting from the investigative reporting superstars at ProPublica that reveals a new hole left by the CFPB’s collapse: No one is really helping…
This article describes new regulations that can provide pathways to financial assistance for some civilian patients: discounts, repayment agreements, and waivers.
Customers Should Opt-Out or Switch Banks Unless BoA Restores Access to Courts
Read More about Bank of America Forces Customers Out of Courts and Into Private Arbitrations
Customers Must Act Quickly to Opt-Out of Recent Contract Update
Read More about Stop Bank of America from Blocking Access to the Court System
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…
Read More about Broad Coalition Urges Congress to Oppose Unaffordable 100%+ APR Bank Loans
Advocates Urge Gov. Spanberger to Allow Residents Harmed by Widespread Corporate Wrongdoing to Band Together to Seek Accountability
On a Positive Note, Rules Ease Pathway for Borrowers To Get Out of Default
OppFi’s Acquisition of BNC Bank Would Circumvent Interest Rate Limits in 45 States
Read More about Another 100%+ APR Bank Seeks Trump Administration Approval
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