Originally appearing in the Los Angeles Times on July 24, 2024, Michael Hiltzik interviews NCLC associate director Lauren Saunders for coverage of the CFPB’s efforts to rein in predatory payday and earned wage access loans. “A payday advance that is repaid on payday is a payday loan, and fintech cash advance apps that call themselves…
Originally appearing in The New York Times on July 26, 2024, Ann Carrns interviews NCLC associate director Lauren Saunders on JPMorgan Chase’s decision to bar customers from using its credit cards to repay increasingly popular “buy now, pay later” installment loans. Financial regulators and consumer advocates frown upon using credit cards to pay off installment…
Landmark Complaint Outlines Pattern and Practice of Illegal Overcharging, Incompetence, and Ongoing “Call Deflection” Doom Loop July 22, 2024 | Washington, D.C. – Today, the AFT filed a groundbreaking consumer protection lawsuit against the Higher Education Loan Authority of the State of Missouri (MOHELA), the giant student loan servicing company under fire for mismanaging student…
Final Conference Committee budget includes measures to protect homeowners, providing affordable payment plans and reduced interest rates on past due balances BOSTON — On Friday, Massachusetts lawmakers took a huge step forward for low-income and vulnerable homeowners, approving a measure that reduces Bay Stater’s risk of losing their homes to property tax foreclosure. Homeowners in…
Read More about Legislation to Reduce Property Tax Foreclosures Clears Budget Hurdle
Appearing in CNBC on July 19, 2024, Greg Iacurci interviews Lauren Saunders for coverage of new rules to cover workplace payday loans. If finalized, the rule would allow the CFPB to bring enforcement actions against companies that don’t make the appropriate disclosures, for example, said Lauren Saunders, associate director of the National Consumer Law Center.…
This article focuses on the implications of recent decisions for consumer attorneys bringing claims relying on federal agency rules and agency interpretations of federal consumer laws.
Read More about Digital Library: Consumer Litigation Guide to Supreme Court Rejection of Chevron
Advocates applauded the proposed interpretative rule released today by the Consumer Financial Protection Bureau (CFPB) to address evasions by fintech payday lenders that hide the cost of 300% annual percentage rate (APR) loans and evade state rate caps.
A new report from the National Consumer Law Center examines the impacts of extreme heat on utility consumers and recommends immediate actions.
Read More about New Report Calls for Utility Protections Amid Extreme Heat
In June, the Consumer Financial Protection Bureau (CFPB) issued its landmark proposal to prohibit medical debt from appearing on credit reports, providing a huge relief for the millions of people who’ve been severely harmed by this practice. But the CFPB needs our support to get the proposed rule over the finish line. Debt collectors, credit bureaus, and other industries are…
Read More about Support the CFPB's Medical Debt Credit Reporting Ban Proposal
The CFPB's proposed rules would ensure that borrowers with limited English proficiency (LEP) have a meaningful opportunity to seek assistance from their mortgage companies in times of distress, helping them stay in their homes.
Appearing in CommonWealth Beacon on July 8, 2024, an op-ed by Charlie Harak, senior attorney at NCLC and Kyle Murray, director of state program implementation at the Acadia Center, explores the cost of decarbonization to the Commonwealth of Massachusetts and the funding sources necessary to achieve shared climate goals. “Much is being done to drive…
Read More about CommonWealth Beacon: It's time to talk about what decarbonization will cost
Appearing in CNN on July 1, 2024, Katie Lobosco interviews Abby Shafroth, co-director of advocacy at NCLC, for coverage of a federal appeals court ruling allowing the Department of Education to proceed with lowering millions of student loan borrowers’ monthly payments via the repayment plan known as SAVE (Saving on a Valuable Education), which was blocked…
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