Newsroom

NBC News: Phony bank accounts resurface at Wells Fargo, with a twist

August 4, 2023

Originally appearing in NBC News on August 4, 2023, Gretchen Morgenson looks at public complaints reporting mysterious accounts being opened in customers names at Wells Fargo and quotes Carla Sanchez-Adams. “If financial institutions are not vetting customers’ identities thoroughly enough or as required under bank secrecy and anti-money laundering laws, then they shouldn’t be opening the…

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The New York Times: Divvy Wants to Make Rent-to-Own Deals Easy. Many Customers Find Them Hard.

August 1, 2023

Originally appearing in The New York Times on August 1, 2023, Matthew Goldstein covers rent-to-own company Divvy Homes and quotes Sarah Bolling Mancini with references to recent testimony before the U.S. Senate Banking Committee. Divvy’s roughly 50 percent success rate might be better than that of many smaller rent-to-own firms, but that isn’t good enough.…

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Bankshot: Lauren Saunders Discusses Earned Wage Access. Early Payday or Payday Loan?

July 27, 2023

If you go to work every day, why don’t you get your paycheck immediately? Chana Schoenberger and Kate Fitzgerald at American Banker’s Bankshot podcast look at a new type of payday advance that sprung up in recent years known as earned wage access and talk to NCLC’s Lauren Saunders about who benefits and how when…

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Study: 99% of Consumers Unaware they are Subject to Forced Arbitration

July 27, 2023

WASHINGTON – A new study confirms that Americans are unaware of how often and to what extent they are stripped of their fundamental rights through prevalent forced arbitration clauses, which are found in the fine print of everyday click-through agreements, terms and conditions and other contracts. Consumers’ lack of understanding points to the need for…

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Digital Library: Strict New Limits on Prerecorded Debt Collection Calls Effective July 20

July 20, 2023

Effective July 20, 2023, the FCC has placed strict new limits on the number of prerecorded collection calls that a debt collector can send to a consumer’s landline. Importantly, consumers have powerful remedies for violations (statutory damages of $500 to $1500 per call), because the new FCC rule is promulgated under the Telephone Consumer Protection…

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Los Angeles Times: Why all Latino wealth is not equal

July 19, 2023

Originally appearing in Los Angeles Times/ De Los on July 19, 2023, Alejandra Molina looks at a new Brookings Metro report that examines the underlying causes of the wealth gap between Latino and white families and cites John Van Alst‘s report: Time to Stop Racing Cars: The Role of Race and Ethnicity in Buying and Using…

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Newsroom

NBC News: Phony bank accounts resurface at Wells Fargo, with a twist

The New York Times: Divvy Wants to Make Rent-to-Own Deals Easy. Many Customers Find Them Hard.

Bankshot: Lauren Saunders Discusses Earned Wage Access. Early Payday or Payday Loan?

Study: 99% of Consumers Unaware they are Subject to Forced Arbitration

Digital Library: Strict New Limits on Prerecorded Debt Collection Calls Effective July 20

Los Angeles Times: Why all Latino wealth is not equal

Support NCLC