Consumer and Industry Advocates Outline Reforms to Property Tax Foreclosure Laws to Promote Sustainable Homeownership
A new issue brief provides recommendations for states to protect property owners from unnecessary tax foreclosures.
Newsroom
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The Hill: Buy now, pay later is not a cure for credit building
Appearing in The Hill on June 21, 2022, an op-ed by Chi Chi Wu, senior attorney at the National Consumer Law Center looks at the explosion in popularity of buy now, pay later products and how they are far inferior to credit cards in establishing a solid credit record. “Younger consumers who are avoiding credit…
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CFPB’s SoLo Funds Enforcement Action is a Warning for Fintech Payday Lenders
The CFPB filed an enforcement action against SoLo Funds, a payday loan platform that disguises the cost of loans through purportedly voluntary “tips” and “donations.”
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NCLC Advocates Promote Consumer Protections for Energy Efficiency Financing in New Book
A chapter in the new book, What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods, recommends consumer protections for energy-efficiency financing to ensure that all households can meet their energy needs without financial risk.
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Associated Press: These apps allow workers to get paid between paychecks. Experts say there are steep costs
Appearing in the Associated Press on April 26, 2024, Cora Lewis interviews NCLC Associate Director Lauren Saunders to discuss products billed as Earned Wage Access that are actually loans with limited transparency. “If (Earned Wage Access) were being used by people to cover one emergency cost a year, it could be better than being subject…
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Detroit Free Press: Much-talked-about $8 late fee on credit cards hits roadblock: What's ahead
Appearing in the Detroit Free Press on May 14, 2024, Susan Tompor interviews NCLC Senior Attorney Chi Chi Wu for coverage of a Texas judge’s preliminary injunction to halt the CFPB’s credit card late fees rule. “This is a mess that will be amplified by a thousandfold if the Supreme Court strikes down the CFPB…
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The New York Times: A Pause for the Public Service Loan Forgiveness Program
Appearing in The New York Times on May 10, 2024, Ann Carrns interviews NCLC staff attorney Alpha Taylor for coverage of a pause on the processing of applications for student loan forgiveness by borrowers who work in public service jobs for about two months as it updates its systems and seeks to fix the problems…
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Los Angeles Times: Supreme Court rejects payday lenders’ challenge to Obama-era consumer protection bureau
Appearing on the Los Angeles Times on May 16, 2024, David G. Savage interviews NCLC Associate Director Lauren Saunders for coverage of the U.S. Supreme Court ruling in favor of the Consumer Financial Protection Bureau. “Predatory lenders and companies that rip consumers off with illegal junk fees have been trying to undermine the CFPB since…
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U.S. Supreme Court Rejects Challenge to Consumer Watchdog
In a major victory for consumers, the U.S. Supreme Court ruled 7-2 in favor of the CFPB's independent funding structure.
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Digital Library: Three Important New Protections Preventing Home Foreclosures
A new NCLC Digital Library article summarizes three important U.S. Department of Veterans Affairs and U.S. Department of Housing and Urban Development policy updates helping homeowners avoid foreclosure. • The VA’s implementation of the VA Servicing Purchase (VASP) program; • FHA’s announcement of the Payment Supplement option; and • HUD’s promulgation of a final rule…
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Fed Proposal Will Make It Easier to Pay Bills, Receive Wages on Weekends
Federal Reserve proposes to process electronic payments 365 days a year
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HUD Takes Aim at Discriminatory Practices by Tenant Screening Companies and Housing Providers
New guidance addresses how the Fair Housing Act protects renters from common tenant screening practices, including use of AI
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