The California Department of Financial Protection and Innovation (DFPI) should restore cost limits for earned wage advances and other fintech cash advances.
Read More about California Should Not Delay Protections for Fintech Cash Advances
Airing on WBUR on Nov. 27, 2023, Simón Rios interviewed NCLC Senior Attorney Ariel Nelson for coverage of apartment application fees. Amid a region-wide housing shortage, advocates say application fees are on the rise, even when they’re not allowed. Where allowed, application fees can be used for legitimate reasons — like to pay firms that…
Read More about WBUR: For many renters, apartment application fees add up. Some are illegal
Originally appearing in the Los Angeles Times on Nov. 27, 2023, Laurence Darmiento covers Citibank’s account closures and allegations of violations of fair lending laws. Lauren Saunders, associate director of the National Consumer Law Center, said that banks have a responsibility to look out for illegal activity such as accounts being used by drug cartels and for…
In an op-ed originally appearing on Nov. 8, 2023, in The Hill, NCLC Senior Attorney Chi Chi Wu discusses how the Big Three credit bureaus are trying to convince policymakers that forcing consumers to purchase three credit reports and six scores to get approved for a mortgage is somehow better for consumers than only requiring…
Read More about The Hill: For mortgage applications, two credit reports are better than three
Originally appearing in Reuters on Nov. 13, 2023, Hannah Lang talks to NCLC Senior Attorney Carla Sanchez-Adams about how banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change. Still, regulations mandating imposter…
Originally appearing in NPR on Nov. 16, 2023, Chris Arnold and Robert Benincasa talk to NCLC Senior Attorney Steve Sharpe about the many Veteran homeowners at risk and growing pressure on the U.S. Department of Veterans Affairs to stop foreclosing on Veterans. “There should be a pause on foreclosures. Veterans should really be able to…
Read More about NPR: Will the VA stop thousands of veterans from losing their homes?
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