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The New York Times: New Federal Rule Caps Most Credit Card Late Fees at $8

March 5, 2024

Appearing in The New York Times on March 5, 2024, Stacey Cowley interviewed NCLC Associate Director Lauren Saunders for coverage of the CFPB’s rule to limit credit card late fees. Consumer advocates cheered the change. The consumer bureau “showed its math” in laying out how it calculated the $8 fee limit, said Lauren Saunders, associate director…

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NPR: Why a financial regulator is going after health care debt

March 1, 2024

Appearing in NPR on March 1, 2024, Noam Levy interviews Chi Chi Wu on the CFPB’s efforts to penalize medical debt collectors, issue stern warnings to health care providers and lenders that target patients, and publish reams of reports on how the health care system is undermining the financial security of Americans. “The fact that…

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NPR: The U.S. sharply limits how much credit cards can charge you in late fees

March 5, 2024

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

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California AG Rob Bonta, Senator Limón Unveil Legislation to Protect Consumers Against Medical Debt

March 11, 2024

Senate Bill 1061 seeks to protect consumers from having their credit ruined by prohibiting medical debt from being reported on credit reports.

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50-State Survey Finds Larger Loans Need Lower Rates

March 6, 2024

Everything that is wrong with a high-cost loan is only made worse when the loan is larger and the terms are longer.

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CFPB Rule Prohibiting Excessive Credit Card Late Charges Will Save Consumers Billions in Junk Fees

March 5, 2024

Advocates praised action taken by the CFPB to stop credit card lenders from raking in billions of dollars from excessive late fees.

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Newsroom

The New York Times: New Federal Rule Caps Most Credit Card Late Fees at $8

NPR: Why a financial regulator is going after health care debt

NPR: The U.S. sharply limits how much credit cards can charge you in late fees

California AG Rob Bonta, Senator Limón Unveil Legislation to Protect Consumers Against Medical Debt

50-State Survey Finds Larger Loans Need Lower Rates

CFPB Rule Prohibiting Excessive Credit Card Late Charges Will Save Consumers Billions in Junk Fees

Support NCLC