California Law Removes Vestiges of Debtors’ Prisons; Other States Urged to Follow Suit
A new California law ensures that no one in the state can be imprisoned because they owe a consumer debt.
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Payments Dive: Consumer group pushes for stricter EWA protections
Appearing in Payments Dive on October 16, 2023, James Pothen covers policy recommendations issued by NCLC and the Center for Responsible Lending. Boston-based NCLC called out Missouri and Nevada for passing “industry-backed” EWA laws, saying they “lack any meaningful substitute consumer protections.” The NCLC has expressed concern that the burgeoning on-demand pay industry, which includes…
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The New York Times: Consumer Agency Moves to Ban Medical Debt From Credit Reports
Appearing in The New York Times on September 29, 2023, Ann Carrns talks to Chi Chi Wu about how people struggling with unpaid medical bills may soon have that debt erased from their credit reports. If you lack health insurance, check to see if you qualify for coverage under Medicaid, the federal-state health program for…
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NPR: Medical debt could soon be barred from ruining your credit score
Appearing in NPR on September 21, 2023, Noam Levey talks to Chi Chi Wu about a Kaiser Family Fund Health News/NPR investigation into medical debt and the burden is places on about 100 million people. “Negative credit reporting is one of the biggest pain points for patients with medical debt. When we hear from consumers…
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Fortune: Advice for student loan borrowers now the payment pause is over (Video)
Appearing in Fortune On Demand on September 17, 2023, Anna Anderson offers guidance for student loan borrowers on the return of student loan payments and interest.
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Bloomberg Law: Banks Warn CFPB to Back Off on Scrutiny of Medical Credit Cards
Appearing in Bloomberg Law on September 18, 2023, Evan Weinberger talks to Chi Chi Wu for a piece covering banks, debt collectors, and other companies response to the Consumer Financial Protection Bureau (CFPB) request for information on medical payment products.
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