Author-Community Archives

Insurance Companies Conspired to Inflate Bail Bond Premiums Contends Lawsuit Brought by Lieff Cabraser, National Consumer Law Center and Other Public Interest Groups

February 14, 2019

FOR IMMEDIATE RELEASE: January 30, 2019 Suit filed on behalf of thousands of Californians alleges conspiracy in the bail industry to fix prices and inflate bail bond premiums, making it more difficult for people to afford bail SAN FRANCISCO — In a first-of-its-kind class action lawsuit filed yesterday in California Superior Court, the law firm…

Civil Rights and Consumer Groups Implore the FDIC to Say No to Bank Payday Loans and Rent-a-Bank Payday Lending

February 14, 2019

FOR IMMEDIATE RELEASE: January 23, 2019 Washington, D.C. – In comments submitted late yesterday, national civil rights and consumer nonprofits urged the Federal Deposit Insurance Corporation (FDIC) not to sanction high-cost loans made by banks directly or through rent-a-bank partnerships with payday lenders. The comments were sent by the National Consumer Law Center, the Center…

Advocates: Department of Education Plan to Redo Rule that Protects Students Harmed by Illegal School Conduct Falls Short

January 18, 2018

Boston – Today, the Department of Education (Department) announced during its Negotiated Rulemaking session that it intends to redo its July 2018 proposal to revise the borrower defense rule, but indicated it will do so without complying with the statutory requirement to conduct a formal rulemaking proceeding and convene a committee of stakeholders. The borrower…

Advocates Commend CFPB’s Intent to Address Debt Complaints; Federal Regulators Will Create Proposed Rules to Curb Predatory Debt Collection Tactics

March 3, 2014

WASHINGTON – Year after year, one of the top consumer complaints to the Federal Trade Commission (FTC) is problems with debt collection. Complaints are skyrocketing: from 13,950 in 2000 to 199,721 in 2012 – more than a 900% increase in just over a decade. In January 2014 alone, consumers registered about 3000 complaints regarding debt…

Scorecard Shows Consumers Pay Steep Rates for Small Loans: Financial Reform Should Include a Strong Consumer Financial Protection Agency

May 13, 2010

WASHINGTON, D.C. – Many states are failing to provide adequate protections for consumers against extremely expensive credit according to a new report by the National Consumer Law Center, Consumer Federation of America, and Consumers Union. The Scorecard updates a 2008 report and grades states on how well they protect consumers from excessive interest charges on…

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Insurance Companies Conspired to Inflate Bail Bond Premiums Contends Lawsuit Brought by Lieff Cabraser, National Consumer Law Center and Other Public Interest Groups

Civil Rights and Consumer Groups Implore the FDIC to Say No to Bank Payday Loans and Rent-a-Bank Payday Lending

Advocates: Department of Education Plan to Redo Rule that Protects Students Harmed by Illegal School Conduct Falls Short

Advocates Commend CFPB’s Intent to Address Debt Complaints; Federal Regulators Will Create Proposed Rules to Curb Predatory Debt Collection Tactics

Scorecard Shows Consumers Pay Steep Rates for Small Loans: Financial Reform Should Include a Strong Consumer Financial Protection Agency