Fintech & Disguised Credit

New forms of credit can pose new problems and old ones, often evading consumer protections. Buy now pay later credit, earned wage advances and other cash advance apps, and other new forms of credit can pose a number of risks. Rent-to-own (RTO) and lease-to-own sales may be exempt from or violate lending laws. New underwriting methods also impact the safety of credit. NCLC works to ensure that new and evasive forms of credit have strong consumer protections.

160+ Groups Urge Clear Fee Disclosures for Paycheck Advance Apps in Letter to the CFPB

August 29, 2024

Coalition letter calls for clearer cost and fee disclosures for workplace payday loans. 

Read More about: 160+ Groups Urge Clear Fee Disclosures for Paycheck Advance Apps in Letter to the CFPB

From the NCLC Digital Library

Consumer Credit Regulation

Innovative thinking and precise authority on predatory lending and other consumer credit, including analysis on other players in consumer accounts and payment systems.

Read Chapter One

Support NCLC

Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!

Donate