CFPB’s 2024 Guidance Sought to Prevent Deceptive and Unfair Medical Debt Collections BOSTON – Sick or injured people may be more likely to be confronted by debt collectors attempting to collect medical bills they do not owe in the near future. Despite significant research about the problems caused by medical debt, the Consumer Financial Protection…
House votes to block CFPB’s $5 cap on big bank overdraft fees and oversight of big tech payment apps, building on tariff woes and high grocery costs.
Read More about House Republicans Ignore Rising Prices, Vote to Keep $35 Big Bank Overdraft Fees
Low-Income Borrowers Could Be Left in Repayment Until Death, and Parent PLUS Borrowers Would Be Left Without Affordable Payment Options
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…
Read More about Money: Buy Now, Pay Later Loans Can Now Appear on Your Credit Report
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…
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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