Appearing in The New York Times on April 16, 2025, Stacy Cowley quotes NCLC Senior Attorney Chi Chi Wu in coverage of the Trump administration’s decision to scrap the Consumer Financial Protection Bureau’s (CFPB) $8 limit on most credit card late fees. “This decision will allow big banks to exploit consumers to the tune of…
Appearing in NPR on April 18, 2025, Laurel Wamsely interviews NCLC Associate Director Lauren Saunders for coverage of Judge Amy Berman Jackson’s order that halted the Consumer Financial Protection Bureau’s attempt to lay off the vast majority of its employees and gut the agency. “The CFPB cannot simply shirk the consumer protection responsibilities Congress gave…
Airing on Marketplace Radio on April 7, 2025, Chris Farrell and Meredith Garretson Morbey interview NCLC Senior Attorney Odette Williamson for coverage of rising debt among older adults debt and how that’s pushing more households into the ranks of the financially precarious. “We’ve seen an uptick in debt, including mortgage debt, among older adults for a…
Read More about Marketplace: The weight of carrying debt in old age
CFPB Employees Union, NCLC, and Others Filed Motion to Show Cause After Layoffs Appear to Violate Court’s Preliminary Injunction
Read More about U.S. District Court Pauses Mass Firings at CFPB
Internal Memo Outlines Plan to End CFPB Oversight of Payday Lenders, Most of the Mortgage Market, and to “Deprioritize” Medical Debt and Many Other Areas
New data shows low-wage workers could pay $700/year or more under pending bills in Connecticut, Maryland, Massachusetts, New York, and other states NEW YORK – The New York Attorney General yesterday filed lawsuits against fintech payday lenders DailyPay and MoneyLion for violating the state’s usury rate laws and engaging in deceptive practices. The lawsuits reveal…
Read More about NY AG Lawsuit Shows Dangers of Fintech Payday Loan Bills
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