CFPB Dismisses Case Brought Against Transunion Over Allegations It Tricked Customers into Overpaying
Enforcement action accuses Transunion of using ‘dark patterns’ to mislead consumers into purchasing monthly subscriptions they don’t need.
Communities across the country rely on HUD funding for critical housing and homelessness programs, but the Trump administration plans to terminate half of all HUD staff. This will make it impossible for communities to access congressionally approved federal investments needed to address their most pressing housing and homelessness challenges, including the FHA mortgage program. As a…
With CFPB Under Shut-Down Order, Consumers and Groups Act To Save Lifeline for People Harmed by Medical Debt SHERMAN, TEXAS – With the Consumer Financial Protection Bureau (CFPB) under a stop-work order and unable – and apparently unwilling – to defend a rule removing medical debt from credit reports, a coalition of affected consumers and…
Peer-to-peer loan platform, sued by multiple states, claims 0% APR for 400% APR loans WASHINGTON ––Late Friday the Consumer Financial Protection Bureau (CFPB) dismissed, with prejudice, an enforcement action that it had filed last year against SoLo Funds for deceiving borrowers and illegally extracting fees. Under the previous administration, the CFPB had charged SoLo Funds…
Read More about CFPB Drops Lawsuit Against Illegal Tip-Based Payday Lender
Appearing in CNBC on February 21, 2025, Kamaron McNair talks to NCLC Co-Director of Advocacy Abby Shafroth for coverage of talks of eliminating the U.S. Department of Education and the impact on student loan borrowers. First and foremost, even if the department is eliminated, borrowers who owe money on their federal student loans would be…
Originally appearing in USA Today on February 21, 2025, Daniel de Visé interviews NCLC Associate Director Lauren Saunders for coverage of the Trump Administration’s attack on the Consumer Financial Protection Bureau and calls for it to be shut down. “We are hoping that these are broadly popular measures, that Republicans will understand that their voters…
Read More about USA Today: No more consumer protection? What the CFPB shutdown means for you.
Small business owners and consumer advocates have stepped up to save a popular anti-robocall rule ATLANTA — Yesterday, four small business owners and the National Consumers League asked the U.S. Court of Appeals for the Eleventh Circuit for permission to intervene to request a rehearing after it issued a decision to overturn a Federal Communications…
Read More about After FCC Abandons Popular Telemarketing Rule, Consumers Take Action to Save It
Appearing in Marketplace on February 7, 2025, Janet Nguyen talks to NCLC senior attorney Margot Saunders about why consumers still receive unwanted telemarketing robocalls. The FCC bans spoofing with ill intent, but the agency only has so many resources to handle complaints. Telemarketers will claim they got consent to make their calls. But telemarketers often ask…
Read More about Marketplace: Why do you still get unwanted calls from telemarketers?
Appearing in CNBC on February 7, 2025, Stephanie Dhue talks to NCLC Senior Attorney Chi Chi Wu for coverage of how credit card interest rates have been hovering near record highs and a new bipartisan bill that would cap them at a dramatically lower figure. Experts say it may not be a win for consumers. “You…
Appearing in the Detroit Free Press on February 12, 2025, Susan Tompor interviews NCLC Associate Director Lauren Saunders for coverage of the Administration’s move to shutter the CFPB. “This is an agency that touches all of our lives.”Saunders noted a long list of ways that the CFPB has worked to address everything from rip-offs to…
Appearing in NPR on February 13, 2025, Laurel Wamsley covers the Trump Administration’s recent firings at the Consumer Financial Protection Bureau and a lawsuit filed by NCLC and others to stop additional firings.
Read More about NPR: Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming
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