The CFPB filed an enforcement action against SoLo Funds, a payday loan platform that disguises the cost of loans through purportedly voluntary “tips” and “donations.”
Read More about CFPB’s SoLo Funds Enforcement Action is a Warning for Fintech Payday Lenders
A chapter in the new book, What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods, recommends consumer protections for energy-efficiency financing to ensure that all households can meet their energy needs without financial risk.
Appearing in the Associated Press on April 26, 2024, Cora Lewis interviews NCLC Associate Director Lauren Saunders to discuss products billed as Earned Wage Access that are actually loans with limited transparency. “If (Earned Wage Access) were being used by people to cover one emergency cost a year, it could be better than being subject…
Appearing in the Detroit Free Press on May 14, 2024, Susan Tompor interviews NCLC Senior Attorney Chi Chi Wu for coverage of a Texas judge’s preliminary injunction to halt the CFPB’s credit card late fees rule. “This is a mess that will be amplified by a thousandfold if the Supreme Court strikes down the CFPB…
Appearing in The New York Times on May 10, 2024, Ann Carrns interviews NCLC staff attorney Alpha Taylor for coverage of a pause on the processing of applications for student loan forgiveness by borrowers who work in public service jobs for about two months as it updates its systems and seeks to fix the problems…
Read More about The New York Times: A Pause for the Public Service Loan Forgiveness Program
Appearing on the Los Angeles Times on May 16, 2024, David G. Savage interviews NCLC Associate Director Lauren Saunders for coverage of the U.S. Supreme Court ruling in favor of the Consumer Financial Protection Bureau. “Predatory lenders and companies that rip consumers off with illegal junk fees have been trying to undermine the CFPB since…
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