Trump Administration Ramps Up Efforts to Debank Immigrants
New CFPB Advisory Telling Banks To Consider Immigration Status Does Not Create a New Legal Requirement
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Newsroom
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More Than 100 Consumer Advocates From 30 States and D.C. Convene on Capitol Hill for Consumer Advocacy Day
By engaging directly with congressional offices, advocates aim to ensure that consumer interests remain at the center of policy discussions.
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Home Equity Investment Loans: Subprime Balloon Mortgages Coming to a Neighborhood Near You
Homeowners in the U.S. hold around $34 trillion in home equity. In a new article for New America’s Rooftop Blog, Alys Cohen, Director of Federal Housing Advocacy and Acting Co-Director of Federal Advocacy, notes that many plan to use this equity, the single largest source of family wealth, to fund retirement, pay for long-term care,…
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Overdraft and NSF Fees Rise Above $12 Billion
With Federal Protections Rolled Back, States Can Take Action as Banks Increasingly Charge Struggling Families Overdraft Fees
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Digital Library: Implications of the Latest Supreme Court Arbitration Case
On May 14, 2026, the Supreme Court decided yet another arbitration issue in Jules v. Andre Balazs Properties, 2026 WL 1336216 (U.S. May 14, 2026). The decision finds federal jurisdiction to vacate, modify, or confirm an arbitration award for a case that was initially brought under federal question jurisdiction and was stayed after compelling arbitration. But related Supreme Court…
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The New York Times: Student Loan Repayments Are Being Overhauled. What Borrowers Should Know
Appearing in The New York Times on May 25, 2026, Tara Siegel Bernard talks to Abby Shafroth, managing director of advocacy at NCLC about how, dtarting July 1, millions of borrowers will need to choose from a new menu of repayment options as the Trump administration enacts major changes to the student loan system. “It…
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Payments Dive: Trump should nix high-cost loans
In an op-ed appearing in Payments Dive on May 28, 2026, NCLC Senior Attorney Lauren Saunders explains that if the president wants to provide people relief from high-interest debt, he should lead a crackdown against high-cost credit schemes. If Trump-appointed regulators approve Enova’s and OppFi’s applications to purchase small national banks, both could charge 100% APRs, or…
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Vermont Governor Signs Bill to Address Coerced Debt
New Law Will Protect Survivors of Domestic Violence, Older Adults from Impacts of Economic Abuse
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Security Deposit Alternative Products are Hurting Tenant Financial Security
New NCLC Report Reveals Hidden Risks and Costs of Predatory PropTech Products
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Digital Library: Assisting Survivors of Domestic Violence with Coerced Debt
Perpetrators of abuse use coerced debt to gain financial control over survivors’ current and future economic choices.
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Trump Fintech Order Will Promote Predatory Lending, Endanger Consumer Funds
Order Could Enable Payday Lenders to Ignore State Consumer Protection Laws and Skip Guardrails to Get Bank Charters
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Executive Order Will Cut Off Financial Services to Millions of Immigrants
Actions Would Radically Destabilize the National Banking System
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