Senate, CFPB Move to Weaken Fraud and Privacy Protections in Payment Apps and Digital Wallets
Senate to Vote Wednesday on Eliminating Oversight of Payment Apps; CFPB Drops Suit Against Zelle
Newsroom
-
276 Groups Oppose Bill, with Wednesday Vote, to Allow Big Banks to Impose Large Overdraft Fees
A resolution to be considered Wednesday would reverse CFPB’s $5 cap on big bank junk fees of $35+
-
NPR: A medical-debt watchdog gets sidelined by the new administration
Originally appearing in NPR on February 27, 2025, Dan Weissmann, Emily Pisacreta, and Ellen Weiss quote Chi Chi Wu on the court battle she and her colleagues are mounting to slow down the agency’s dismantling — and where things could go from here. “This is where states can step in and protect the consumers in…
Read More about NPR: A medical-debt watchdog gets sidelined by the new administration
-
NPR: The CFPB drops its lawsuit against Capital One, marking a major reversal
Originally appearing in NPR on February 27, 2025, Laurel Wamsley quotes Lauren Saunders on the consumer group response to the attack on the Consumer Financial Protection Bureau. “Voters in the last election expressed their dismay with high prices, yet the Administration is stopping the essential work to stop corporate abuses that take billions from people…
Read More about NPR: The CFPB drops its lawsuit against Capital One, marking a major reversal
-
An Arm And A Leg Podcast: A medical-debt watchdog gets sidelined by the new administration
A federal agency called the Consumer Financial Protection Bureau — CFPB for short — has taken big steps to help people with medical debt. But in early February, the Trump administration moved to effectively shutter the agency. Chi Chi Wu, senior attorney at the National Consumer Law Center — describes the court battle she and…
-
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.
-
CFPB Abruptly Drops Enforcement Actions Against Corporations Accused of Ripping Off Consumers
Cases Dropped Against Mobile Home Lender, Rocket Homes, Student Loan Servicer, and More Let Corporate Wrongdoers Off Scot-Free
-
To Defend Rule Removing Medical Debt from Credit Reports of 15M People, Consumers and Groups File Motion to Intervene in Second Case
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…
-
CFPB Drops Lawsuit Against Illegal Tip-Based Payday Lender
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
-
CNBC: Yes, you still have to pay your student loans if the Department of Education is eliminated, legal expert says—what borrowers should know
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…
Support NCLC
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate