The undersigned survivor advocacy and consumer groups are pleased to submit these commentsin response to the Consumer Financial Protection Bureau (CFPB)’s Notice of Proposed Rulemaking regarding the Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking, Docket No. 2022-0023, issued April 8, 2022. This prohibition was added as Section 605C…
Why we need the Fair Chance in Housing Act (FCHA) to keep credit reports out of housing decisions now. Credit Reports Will Be Negatively Impacted by the COVID Crisis Credit Reports Don’t Predict Current Ability to Pay Credit Reports Are Riddled with Errors Credit Reports Perpetuate Historic Racial Inequities and Injustices
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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.
Our organizations write to ask the Franchise Tax Board (FTB) to immediately suspend all income tax intercepts through July 31, 2022, for non-tax debts owed to state and local governments. The impacts of the COVID-19 public health emergency and resultant economic crises that led to the FTB suspending tax intercepts in 2020 and 2021 have…
This report discusses the intersections between the racial health gap and racial wealth gap, “charity care” or hospital financial assistance programs, and the harms of aggressive medical debt collection.
Read More about The Racial Health and Wealth Gap: Impact of Medical Debt on Black Families
This spreadsheet has state-by-state information about which high-cost rent-a-bank lenders are operating in each state. The state-specific issue briefs below have an overview of rent-a-bank lending in these states (updated February 2022): Predatory Rent-a-Bank Lending in Alaska Predatory Rent-a-Bank Lending in Arizona Predatory Rent-a-Bank Lending in Arkansas Predatory Rent-a-Bank Lending in Colorado Predatory Rent-a-Bank Lending in Florida…
Read More about Predatory Rent-a-Bank Lending in the United States
