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FDIC Should Downgrade Second Utah Bank Over Predatory ‘Rent-a-Bank’ Lending

March 15, 2023

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…

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FDIC Should Downgrade FinWise Bank Over Predatory ‘Rent-a-Bank’ Lending

March 15, 2023

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.

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Too Damn High: New Report Examines Role of Junk Fees in Skyrocketing Rents

March 14, 2023

A new report from the National Consumer Law Center looks at the dizzying array of junk fees renters can face when they try to find and keep rental housing, which can present barriers to affordability.

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Advocates Call for Bureau of Prisons to Ditch Proposal to Allow Seizing Prison Wages and Family Support

March 14, 2023

New rule would allow garnishment of up to half of an incarcerated person’s wages and three-quarters of funds sent by family members to cover fines, fees, and restitution WASHINGTON — Yesterday, advocates for incarcerated people and their loved ones expressed strong opposition to a Proposed Rule from the Bureau of Prisons (the “Bureau”) that would…

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MarketWatch: "Why it's so hard for Black Americans to save for retirement -- and how the pandemic escalated the racial wealth gap"

February 2, 2023

An article appearing in MarketWatch on February 2, 2023 by Alessandra Malito points to medical debt is a deterrent to retirement security and quotes Berneta Haynes. The reality of medical debt is multilayered, said Berneta Haynes, an attorney with the National Consumer Law Center. Those who have defaulted on their loans or unable to pay…

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Reverse Mortgage Daily: "NCLC reverse mortgage report highlights servicing issues"

February 7, 2023

An article appearing in Reverse Mortgage Daily on February 7, 2023 by Chris Clow features an interview with Sarah Bolling Mancini to discuss findings of a new report and policy recommendations. Mancini said the report is the culmination of numerous years worth of work. “It has been an ongoing project, and we’ve been fortunate over…

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Newsroom

FDIC Should Downgrade Second Utah Bank Over Predatory ‘Rent-a-Bank’ Lending

FDIC Should Downgrade FinWise Bank Over Predatory ‘Rent-a-Bank’ Lending

Too Damn High: New Report Examines Role of Junk Fees in Skyrocketing Rents

Advocates Call for Bureau of Prisons to Ditch Proposal to Allow Seizing Prison Wages and Family Support

MarketWatch: "Why it's so hard for Black Americans to save for retirement -- and how the pandemic escalated the racial wealth gap"

Reverse Mortgage Daily: "NCLC reverse mortgage report highlights servicing issues"

Support NCLC