FinWise Bank’s lending through American First Finance, Elevate, and Opportunity Financial (OppFi), offering loans at up to 160% APR, raises serious consumer protection issues.
Read More about FDIC Should Downgrade FinWise Bank Over Predatory ‘Rent-a-Bank’ Lending
A new report from the National Consumer Law Center looks at the dizzying array of junk fees renters can face when they try to find and keep rental housing, which can present barriers to affordability.
Read More about Too Damn High: New Report Examines Role of Junk Fees in Skyrocketing Rents
New rule would allow garnishment of up to half of an incarcerated person’s wages and three-quarters of funds sent by family members to cover fines, fees, and restitution WASHINGTON — Yesterday, advocates for incarcerated people and their loved ones expressed strong opposition to a Proposed Rule from the Bureau of Prisons (the “Bureau”) that would…
An article appearing in MarketWatch on February 2, 2023 by Alessandra Malito points to medical debt is a deterrent to retirement security and quotes Berneta Haynes. The reality of medical debt is multilayered, said Berneta Haynes, an attorney with the National Consumer Law Center. Those who have defaulted on their loans or unable to pay…
An article appearing in Reverse Mortgage Daily on February 7, 2023 by Chris Clow features an interview with Sarah Bolling Mancini to discuss findings of a new report and policy recommendations. Mancini said the report is the culmination of numerous years worth of work. “It has been an ongoing project, and we’ve been fortunate over…
Read More about Reverse Mortgage Daily: "NCLC reverse mortgage report highlights servicing issues"
Originally airing on NPR during All Things Considered on February 4, 2023, Chris Arnold discusses deceptive auto sales and interviews John Van Alst. “It does happen all too frequently,” says John Van Alst, an attorney with the nonprofit National Consumer Law Center. Usually, when you finance a car through the dealer, technically you owe the…
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