Appearing in NPR on March 5, 2024, Scott Horsley interviews NCLC Senior Attorney Chi Chi Wu for coverage of the CFPB rule to limit credit card late fees. “This is really an example of government in action to help consumers.” Chi Chi Wu, senior attorney at the National Consumer Law Center
Read More about NPR: The U.S. sharply limits how much credit cards can charge you in late fees
Senate Bill 1061 seeks to protect consumers from having their credit ruined by prohibiting medical debt from being reported on credit reports.
Everything that is wrong with a high-cost loan is only made worse when the loan is larger and the terms are longer.
Read More about 50-State Survey Finds Larger Loans Need Lower Rates
Advocates praised action taken by the CFPB to stop credit card lenders from raking in billions of dollars from excessive late fees.
The FCC must protect small business owners from invasive and costly calls.
Read More about Protect Small Businesses from Unwanted Telemarketing Calls
The President’s emergency order shows that irresponsible data brokers aren’t just a threat to consumers, they’re a threat to national security.
The Consumer Financial Protection Bureau’s (CFPB) overdraft fee rule is at risk. This important new protection will slash typical overdraft fees at big banks from $35 per transaction to just $5, saving the 23 million households who pay overdraft fees $5 billion a year, an average of $225/year for households who pay overdraft fees. The new rule helps millions of people,…
Read More about Tell Congress: Support the CFPB’s $5 Cap on Overdraft Junk Fees
A new report looks at existing community solar models, best practices, and state policies.
Originally appearing in The Hill on Feb. 2, 2024, Sydney Dunlap covered a Senate Banking Committee on fraud and scams in the banking system and quoted testimony provided by Carla Sanchez-Adams, senior attorney at the National Consumer Law Center. If a person falls victim to fraudulently induced transactions, “You are going to hear ‘too bad,…
Read More about The Hill: Americans lose billions as expert says median fraud losses double
Originally appearing in Communications Daily on Feb. 15, 2024, Howard Buskirk quotes Margot Saunders, senior attorney at the National Consumer Law Center, in coverage of a push for the Federal Communications Commission to take a more aggressive stance against SIM swapping and port-out fraud. The FCC must clarify that carriers, “the only parties in these…
Read More about Communications Daily: Disagreements Continue on Need for Tougher SIM Swapping Rules
Originally appearing in American Banker on Feb. 15, 2024, Kate Berry talks to NCLC’s Associate Director Lauren Saunders about so-called earned wage advances. Lauren Saunders, associate director at the National Consumer Law Center, said the industry is trying to stall state efforts to classify payroll advances as loans and head off what could be revised guidance from…
Read More about American Banker: Why fintechs want the CFPB—not states—to rule on earned wage access
USDS will improve servicing environment for borrowers, Congress must approve additional funding for effective implementation
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