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Crypto Companies, Others, Must Stop Misusing FDIC’s Name and Logo

April 6, 2023

Consumer Advocates Support Proposed Rule to Address False Advertising and Misrepresentations of Deposit Insurance Coverage WASHINGTON — New rules proposed by the Federal Deposit Insurance Corporation (FDIC) are needed to prevent crypto firms and fintech banking apps from misleading customers by representing or suggesting that these companies and accounts are insured by the FDIC, according…

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CFPB Proposed Rule Would Require Transparency for Financial Corporations

April 3, 2023

Comments on the CFPB proposed rulemaking to require that regulated nonbank entities annually register with the CFPB regarding their use of forced arbitration clauses and other terms and conditions in form contracts that pose risks to consumers.

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FDIC Should Downgrade Three Banks Engaged in Predatory “Rent-a-Bank” Lending

March 30, 2023

Utah’s Capital Community and First Electronic Banks and Kentucky’s Republic Bank & Trust accused of predatory lending, evasions of state interest rate limits WASHINGTON — A coalition of consumer advocates is urging the Federal Deposit Insurance Corporation (FDIC) to downgrade the Community Reinvestment Act (CRA) rating of three banks. Utah’s Capital Community Bank (CC Bank)…

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Digital Library: The Latest Developments on Constitutionality of CFPB Regulations

March 30, 2023

The latest NCLC Digital Library article examines important developments at the Supreme Court, Second Circuit, and the district courts since the Fifth Circuit’s October ruling that the CFPB’s funding mechanism is unconstitutional and that a CFPB rule must thus be vacated. The article also offers updated litigation practice pointers for cases involving CFPB rules where defendants may challenge…

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NPR: Apple rolls out Apple Pay Later — a buy now, pay later service

March 30, 2023

Airing during NPR’s Morning Edition on Mar. 30, 2023, Lauren Saunders talks about Apple allowing some iPhone users to pay for purchases up to $1,000 in installments using Apple Pay Later. Buy now, pay later loans can be tricky, said Lauren Saunders, associate director at the National Consumer Law Center. “They can make things look…

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Broadband Breakfast: Margot Saunders Debates the Best Methods of Stopping Illegal Calls with Industry Representatives

March 22, 2023

On Mar. 22, 2023, Margot Saunders joined a Broadband Breakfast Live Online event to discuss how the current industry and regulatory fight against illegal robocall traffic is failing to make a meaningful dent in the problem. “Robocalls have completely undermined the value of the U.S. telephone system. The system is losing value and that’s hurting…

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Newsroom

Crypto Companies, Others, Must Stop Misusing FDIC’s Name and Logo

CFPB Proposed Rule Would Require Transparency for Financial Corporations

FDIC Should Downgrade Three Banks Engaged in Predatory “Rent-a-Bank” Lending

Digital Library: The Latest Developments on Constitutionality of CFPB Regulations

NPR: Apple rolls out Apple Pay Later — a buy now, pay later service

Broadband Breakfast: Margot Saunders Debates the Best Methods of Stopping Illegal Calls with Industry Representatives

Support NCLC