A new form of fintech payday loan offered through cash advance apps uses “tips” as a form of disguised interest. These apps claim that tips are voluntary, but they use dark patterns, actual or implied repercussions for not tipping, manipulative interfaces, behavioral and psychological tricks, and other techniques to make tips almost as certain as…
Read More about The Tricks Cash Advance Apps Use to Coerce Borrowers to “Tip”
The housing crisis for low- and moderate-income renters continues. The new Administration’s actions, such as potential cuts to staff and programs at the Department of Housing and Urban Development, will likely exacerbate it. These developments add to the existing challenges of a severe shortage of affordable, decent housing; spiking rent increases; and abuses by corporate…
Read More about 2025 Consumer Reform Priorities to Protect Tenants
Twenty-three organizations wrote to Congress to urge it to prioritize the following policies:
This bill amends the California Consumer Financial Protection Law (CCFPL) to clarify and underscore theauthority of the Department of Financial Protection and Innovation (DFPI) to enforce consumerfinancial protection laws to safeguard consumers from deceptive and predatory practices.
The National Consumer Law Center is among 49 groups urging Maryland Governor Moore to veto HB 1294, which would carve loopholes in Maryland’s 33% interest rate limit for earned wage advances and other fintech payday loans.
Read More about Letter Urging Veto of MD HB 1294, Earned Wage Advance
A coalition of organizations particularly concerned with the disruption to the LIHEAP program to rural communities sent a letter to the Senate HELP Committee to urge the immediate reinstatement of the HHS LIHEAP staff.
