CFPB Allows Payday Lenders to Inflict Multiple NSF and Overdraft Fees on Struggling Consumers
CFPB won’t enforce Bounced Payment Rule held up by U.S. Supreme Court, Fifth Circuit
Newsroom
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Nearly Every GOP Senator Votes to Saddle Struggling Families With Excessive Overdraft Fees
Sen. Josh Hawley (R-MI) joined Senate Democrats to uphold CFPB rule capping big bank overdraft fees at $5.
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ProPublica: Fend for Yourself: Under Trump, Consumer Protection Bureau’s Probes of Big Tech and Finance Firms Freeze Up
Appearing in ProPublica on March 26, 2025, Jake Pearson interviews NCLC Associate Director Lauren Saunders for coverage of how companies may avoid consequences for alleged wrongdoing as the Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Homes and pauses investigations into Meta and others — including providers of medical credit cards. “What…
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Advocacy Groups Urge the Eighth Circuit to Uphold FTC’s Click to Cancel Rule
Five Groups led by Berkeley Law File an Amicus Brief in the Legal Challenge to the FTC’s Click to Cancel Rule
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As Winter Shutoff Protections Expire, More Bay Staters are Falling Behind on Energy Bills
A new brief analyzes Massachusetts utility data and finds customers owe significantly more in unpaid energy bills than prior to the pandemic.
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Shutting Down the Department of Education Threatens Students and Working Families Who Rely on Federal Student Aid
Move threatens chaos for 40 million student loan borrowers and jeopardizes access to education.
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NBC News: Some student loan payments skyrocket as millions of income-based payment plans halted
Airing on NBC News Now on March 13, 2025, Abby Shafroth, co-director of advocacy and director of the Student Borrower Protection Center at NCLC, discusses the impact to borrowers of recent changes to income-based payment plans.
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The New York Times: Buying a Home? Without the Consumer Bureau, You Need to Be Your Own Watchdog.
Originally appearing in The New York Times on March 7, 2024, Ann Carnns talks to NCLC Senior Attorney Alys Cohen about how the CFPB had kept a close eye on mortgage lenders, but now, with the bureau hobbled, consumers should take several steps, starting with shopping for the best mortgage rates. The bureau had effectively…
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The New York Times: Buying a Car? Trump’s Tariffs Could Make It More Expensive.
Appearing in The New York Times on March 14, 2025, Ann Carnns talks to NCLC Senior Attorney John Van Alst about the impact of trade tariffs on the cost of cars and the buying process. “Buying a car is always a tricky thing to do,” and uncertainty around the impact of tariffs “really makes it…
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CNBC: What the Department of Education layoffs could mean for student loan borrowers: ‘This will only make things worse,’ activist says
Appearing in CNBC on March 13, 2025, Kamaron McNair talks to NCLC Co-director of Advocacy Abby Shafroth about proposed layoffs and changes to repayment programs at the Department of Education. “If we’re talking about not just changing the servicing, but entirely transferring all operations management of the [student loan] program from one federal agency to…
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NBC News: How consumers can protect their finances as federal safeguards crumble
Appearing in NBC News on March 11, 2025, J.J. McCorvey talks to NCLC Associate Director Lauren Saunders about what people can do to protect their financial interests as the current administration moves to shut down the Consumer Financial Protection Bureau (CFPB). “If they’re not looking out for you and making sure that your credit cards…
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Congress Wants Medical Debt on Credit Reports To Keep Hurting Americans
Broad Coalition Opposes Bill to Block CFPB Rule that Would Remove Medical Debt From Credit Reports, Pushing Borrowing Costs Higher for Working Families
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