On Feb. 27, 2023, Carla Sanchez-Adams discusses a recent report on the high cost of junk fees and what can be done to stop them from taking more money out of consumers’ pockets.
Read More about Arizona's Family On Your Side Podcast: Carla Sanchez-Adams Talks About 'Junk' Fees
Season 9, Episode 3 of the An Arm and a Leg podcast, airing on Mar. 2, 2023, and co-produced by Kaiser Health News, features April Kuehnhoff with advice on filing a dispute with a debt collector.
Junk fees, “tips” obscure APRs over 300% on earned wage advances, nonbank banking apps, and other fintech payday loans WASHINGTON – The California Department of Financial Protection and Innovation (DFPI) has proposed new regulations governing disguised fintech credit and released new data showing high costs for consumers who use earned wage advances and other fintech…
In an op-ed appearing in American Banker on March 15, 2023, Carla Sanchez-Adams calls for clear, uniform P2P fraud protections to level the playing field between payment systems that keep fraud to low levels and those that don't.
Predatory Puppy Loans, Rates up to 160% APR, and High Default Rates Justify Lower Grade for Sandy-based FinWise Bank WASHINGTON — Today, a coalition of consumer advocates submitted letters to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (DFI) in connection with the FDIC’s Community Reinvestment Act (CRA) examination of…
Read More about FDIC Should Downgrade Second Utah Bank Over Predatory ‘Rent-a-Bank’ Lending
FinWise Bank’s lending through American First Finance, Elevate, and Opportunity Financial (OppFi), offering loans at up to 160% APR, raises serious consumer protection issues.
Read More about FDIC Should Downgrade FinWise Bank Over Predatory ‘Rent-a-Bank’ Lending
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