Testimony of Lauren Saunders before the U.S. House of Representatives Committee on Financial Services Task Force on Financial Technology Regarding “Banking on Your Data: The Role of Big Data in Financial Services.”
When a college education is cut short by a school closure or a school engages in fraud, the students and their families suffer long-term financial distress. Higher education fraud, when unaddressed, devastates families and their communities, disproportionately impacting low-income, people of color, and women, who start out economically disadvantaged. In recent years, several large for-profit…
Read More about How States Can Help Students Harmed by Higher Education Fraud
Urgent action is needed to stop the use of rent-a-bank arrangements and new types of bank charters to eviscerate state interest rate limits that stop predatory lending.
Read More about 2021 Banking Agency Predatory Lending and Safe Banking Priorities
Job losses and reduced hours from the coronavirus pandemic have hit families hard, with millions struggling to pay their bills and communities of color hit hardest. Millions of consumers will face increased collection efforts and collection lawsuits in the months ahead.
Read More about The CFPB Must Issue Emergency Guidance on Debt Collection During the Pandemic
Comments in response to the Consumer Financial Protection Bureau (CFPB)’s notice for Docket No. 2020-0027, issued August 28, 2020.
A guide to discharging criminal justice debt in bankruptcy INTRODUCTION Bankruptcy offers debtors “a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of pre-existing debt.” Certain types of debt resulting from fines, fees, and other costs imposed on people accused of an infraction, misdemeanor, or felony…
Comment from the National Community Reinvestment Coalition, the National Consumer Law Center® and the Center for Responsible Lending on the pending application from Formative Bank for a de novo charter and deposit insurance.
Before the COVID-19 crisis, 20.8 million American renter households–47% of all renter households–were already burdened with housing costs that threatened their financial security. Since the onset of the crisis in the United States, over 44 million Americans have filed for unemployment. Over 20 million people live in renter households experiencing job loss related to COVID-19.…
Petition of Assurance IQ, LLC This ex parte Notice relates to a meeting held on August 11 between representatives from variousconsumer groups with staff of the Bureau on Consumer and Governmental Affairs, along with TimSostrin, an attorney representing a consumer in a case pending against Assurance IQ, LLC. TheBureau staff in attendance were Aaron Garza,…
Read More about Letter to the FCC regarding Notice of Ex Parte Presentation, CG docket No. 02-278
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