At least 45 states and the District of Columbia (DC) cap rates on at least some installment loans. But high-cost lenders are increasingly using rent-a-bank schemes with a small number of rogue banks, which are not subject to state interest rate limits, to evade state rate caps on installment loans and lines of credit.
Credit repair organizations (CROs) charge a fee to improve consumers’ credit scores, includingby removing errors. There is an epidemic of disreputable CROs that charge exorbitant fees forpromises they can’t keep.
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Despite their numerous and intractable problems, the Supreme Court provided an enormous get-out-of-jail-free pass to credit bureaus in a recent case, TransUnion LLC v. Ramirez. The Ramirez decision significantly impacts the ability of consumers to protect themselves and their financial reputations under the Fair Credit Reporting Act (FCRA).
Read More about Ramirez, Faux-Federalism, and the Futility of Consumer Disclosure Protections
Utility services, including electricity, heat, water, telecommunications, and internet access are essential to health, safety, and daily life. The vital need for uninterrupted utility service was evident before the coronavirus pandemic, but the COVID-19 public health emergency reinforced both the essential nature of utility service and the problem of energy and water insecurity or energy…
Read More about Implementing a Roadmap to Utility Service as a Human Right
Why we need the FCEA to keep credit reports out of hiring decisions now Credit Reports Will Be Negatively Impacted by the COVID Crisis Credit Reports Don’t Predict Job Performance Credit Reports Are Riddled with Errors Credit Reports Perpetuate Historic Racial Inequities and Injustices
On April 1, 2021, in Facebook v. Duguid, the U.S. Supreme Court issued its long-awaited interpretation of the definition of “autodialer” under the Telephone Consumer Protection Act (TCPA). Relying almost exclusively on arcane grammatical rules instead of policy considerations, the Court interpreted the definition in a dangerously narrow way that is likely to dramatically increase…
