Proposals to Alter Student Loan Repayment Would Worsen Crisis of Older Adults Struggling with Student Debt
Low-Income Borrowers Could Be Left in Repayment Until Death, and Parent PLUS Borrowers Would Be Left Without Affordable Payment Options
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Money: Buy Now, Pay Later Loans Can Now Appear on Your Credit Report
Appearing in Money Magazine on April 3, 2025, Adam Hardy interviews NCLC Senior Attorney Chi Chi Wu for coverage of BNPL lender Affirm beginning to send information on all its short-term lending products — including its increasingly popular “Pay in 4” BNPL loan — to the credit bureau Experian. “The big three credit bureaus have…
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The New York Times: Still Receive Paper Checks From the Government? That Will Soon End.
Appearing in The New York Times on April 4, 2025, Ann Carrns talks to NCLC Associate Director Lauren Saunders for coverage of an executive order from President Trump that will require government agencies to make electronic payments for tax refunds, Social Security and other benefits as of Sept. 30. The president’s order specified that “limited…
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Congress Must Preserve Protections for Student Loan Borrowers Whose Schools Closed or Defrauded Them
National Consumer Law Center Releases Fact Sheets Detailing How Shrinking Borrower Defense and the Closed School Discharge Student Loan Relief Programs Would Hurt Millions of Borrowers
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Chase, Wells Fargo, Navy Fed Top Overdraft Fee Offenders List
New Data Shows Which Very Large Institutions Will Profit Most if Congress Blocks Relief for Military, Civilian Families
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HHS Staff Cuts Imperil Energy Assistance Program for Older Adults and Vulnerable Families
LIHEAP keeps the heat on in winter, and cooling in the summer, for over 6 million families each year.
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Diane Thompson Joins NCLC as Deputy Director and Chief Advocacy Officer
Former senior advisor to the director of CFPB returns to NCLC to head advocacy efforts.
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House Vote Could Keep Overdraft Fees High and Deny Oversight of Payment App Fraud
U.S. House will consider resolutions tomorrow to overturn a $5 cap on big bank overdraft fees, eliminate oversight of Big Tech P2P payment apps.
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Preliminary Injunction Granted in Case Against Illegal CFPB Shutdown
U.S. District Judge Amy Berman Jackson orders agency to reinstate fired employees, stop any reductions in force, preserve data and ensure employees can perform their statutorily mandated functions WASHINGTON – Today, U.S. District Judge Amy Berman Jackson granted a motion for a preliminary injunction in the lawsuit brought by the National Consumer Law Center (NCLC)…
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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
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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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