Broad Coalition Opposes 195% APR Bank Charter for OppFi, Which Seeks to Make Payday Loans in Every State
120+ Groups Urge FDIC, OCC, and Fed To Deny OppFi’s Request to Acquire BNC Bank
120+ Groups Urge FDIC, OCC, and Fed To Deny OppFi’s Request to Acquire BNC Bank
Appearing in The New York Times on July 3, 2026, Ann Carrns talks to NCLC senior attorney Lauren Saunders about how overdraft fees remain stubbornly high at some banks after a rule limiting the charges was scrapped last year. Overall revenue from overdraft and related fees at all banks and credit unions rose to an…
Read More about The New York Times: Why Some Banks Still Charge High Overdraft Fees
Appearing in NBC News on June 28, 2026, Erik Ortiz talks to Kyra Taylor, staff attorney at NCLC about how student loan borrowers are bracing for a major overhaul of the federal lending system. “Is this plan enough of a safety net for American families? I think simplification is a good goal, but it has…
Appearing in NerdWallet on July 1, 2026, Anna Helhoski talks to NCLC Deputy Director and Chief Advocacy Officer Diane Thompson about how the latest changes to the CFPB complaint database are not in consumers’ best interest and may discourage people from submitting complaints. “The Trump administration’s CFPB, at the behest of the credit reporting companies,…
Read More about NerdWallet: It Just Got Harder to Make a Financial Complaint (And Get Relief)
On June 23, 2026, the Supreme Court decided another property tax foreclosure issue in Pung v. Isabella County, 2026 WL 1791309 (U.S. June 23, 2026), just over three years since its groundbreaking decision in Tyler v. Hennepin County, 598 U.S. 631 (2023). Pung addresses the measure of just compensation under the Takings Clause and limits it to the surplus at…
Appearing in The New York Times on July 17, 2026, Ann Carrns talks to Abby Shafroth, managing director of advocacy at the National Consumer Law Center, about how states are stepping in to help graduate students finance their studies now that federal Graduate PLUS loans have been eliminated for new borrowers. Borrowers should carefully review…
This group statement strongly opposes a package of bills (HR 9602-9611) that would provide wrongful cover for the Trump administration efforts to dismantle the Department of Education, including efforts to transfer the federal student loan program to the Treasury Department.
It is unprecedented for a national bank to be associated with 100%+ APR lending.
Read More about Take Action: Urge Denial of OppFi’s 160% APR National Bank
Consumer advocates are sounding the alarm over a wide-ranging proposal from the Office of Management and Budget (OMB) to change how decisions about federal funding are made.
Beginning in July 2026, federal student loan repayment options are changing dramatically because of new “RISE” regulations implementing last summer’s reconciliation bill, the One Big Beautiful Bill Act (OBBBA) (Pub. L. No. 119-21, 139 Stat. 72), and also settlement of the litigation in Missouri v. Trump, No. 4:24-cv-00520 (E.D. Mo. Mar. 10, 2026) that resulted in the elimination of the…
Read More about Digital Library: Major July Changes to Federal Student Loan Repayment
A May 19 Executive Order and federal agency statements on June 5 and June 8 target immigrant access to banking and credit. This article explains the short-term and longer-term implications of the Executive Order and the two federal agency statements for immigrants.
Read More about Digital Library: Federal Attack on Immigrant Banking and Credit
Policymakers and regulators must make utility services more affordable and end disconnections in severe weather.
Read More about Report Calls for Ban on Utility Disconnections During Extreme Heat
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