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Digital Library: Two New CFPB Advisory Opinions Facilitate Private FCRA Litigation

January 24, 2024

Effective January 23, 2024, two new CFPB advisory opinions clarify several critical Fair Credit Reporting Act (FCRA) issues and should facilitate private FCRA litigation. The first addresses accuracy issues in background check reports used by most employers and landlords. The second addresses problems consumers face when seeking complete disclosure of their credit reports. A new…

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PEER Project Examines States’ Role as Consumer Protectors in Higher Education and the Impact of Federal Regulations on State Oversight of Distance Education

January 23, 2024

Federal regulations intended to streamline the authorization process for distance education institutions may be weakening state-level accountability standards and leaving online students vulnerable to predatory behavior.

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The New York Times: Some Student Loan Borrowers May Be Eligible for Forgiveness Sooner

January 12, 2024

Originally appearing in The New York Times on Jan. 12, 2024, Tara Seigel Bernard talks to NCLC’s Abby Shafroth about the new income-driven repayment plan known as SAVE. People enrolled in the program who borrowed $12,000 or less for college and have made at least 10 years of qualifying monthly payments would immediately have any…

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The Messenger: House-Flipping Scams Are Draining Millions Out of Wannabe Real Estate Investors

January 11, 2024

Originally appearing in The Messenger on Jan. 11, 2024, Sasha Jones talks to NCLC’s Sarah Bolling Mancini about scams that have begun to proliferate targeting the average investor looking for quick profits, particularly within one sector: house flipping. Recently, those schemes have caught the eye of the Federal Trade Commission and lawsuits — resulting in…

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Money: Inside the Biden Administration's Plan to Stop 'Out-of-Control' Overdraft Fees

January 17, 2024

Originally appearing in Money on Jan. 17, 2024, Adam Hardy talks to NCLC’s Carla Sanchez-Adams about the CFPB’s proposed overhaul of overdraft fees that could collectively save Americans an estimated $3.5 billion a year. Carla Sanchez-Adams, a senior attorney at the nonprofit National Consumer Law Center (NCLC), says that overdraft fees typically run about $35…

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CFPB Proposes Rule to Limit Harmful Overdraft Fees

January 17, 2024

Advocates praise CFPB proposed rule to stop banks from extracting tens of billions of dollars from financially insecure account holders in the form of overdraft fees.

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Newsroom

Digital Library: Two New CFPB Advisory Opinions Facilitate Private FCRA Litigation

PEER Project Examines States’ Role as Consumer Protectors in Higher Education and the Impact of Federal Regulations on State Oversight of Distance Education

The New York Times: Some Student Loan Borrowers May Be Eligible for Forgiveness Sooner

The Messenger: House-Flipping Scams Are Draining Millions Out of Wannabe Real Estate Investors

Money: Inside the Biden Administration's Plan to Stop 'Out-of-Control' Overdraft Fees

CFPB Proposes Rule to Limit Harmful Overdraft Fees

Support NCLC