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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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Digital Library: Data Gatherers Evading the FCRA May Find Themselves Still in Hot Water

June 14, 2019

Three 2019 decisions from Second, Seventh, and Ninth Circuits, discussed below, have allowed companies that share data on consumers to evade Fair Credit Reporting Act (FCRA) requirements. This article points out that these firms should be careful what they wish for. Consumers may still be in a position to sue them even if they are…

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Op-Ed in CNN: Rules against robocalls shouldn’t be loosened

November 9, 2018

In an op-ed appearing in the CNN on November 9, 2018, Margot Saunders discusses businesses use of robocalls for debt collection and telemarketing and their efforts to capitalize on a recent DC Circuit Court decision that tasked the FCC with revisiting some of the rules that govern robocalls under the Telephone Consumer Protection Act (TCPA). “The division…

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Newsroom

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

Digital Library: Data Gatherers Evading the FCRA May Find Themselves Still in Hot Water

Op-Ed in CNN: Rules against robocalls shouldn’t be loosened

Support NCLC