Quantcast
Channel: national consumer law center – Consumerist
Browsing all 24 articles
Browse latest View live

Image may be NSFW.
Clik here to view.

Wells Fargo Called Out For Continuing To Offer Payday Loans

Wells Fargo’s “not a payday” loanThe Community Reinvestment Act of 1977 requires that FDIC-insured banks be examined and rated on whether or not they are meeting the banking needs in each of the...

View Article



Image may be NSFW.
Clik here to view.

Poor Credit Reports Start Vicious Economic Cycle; Can It Be Stopped?

(James Callan) For some people, bad credit is a result of being irresponsible. For others, it’s a matter of bad luck and overwhelming circumstance. Alas, the credit reporting agencies don’t make such...

View Article

Image may be NSFW.
Clik here to view.

Banks Ditched Payday Lending-Like Programs, But What’s Next?

(scurzuzu)Bank may have exited the payday lending business this month, but that doesn’t mean their next foray into small dollar loans will be any less predatory. That’s why the National Consumer Law...

View Article

Image may be NSFW.
Clik here to view.

No Surprise Here: Credit Reports Created With Your Online Information Are...

(NCLC) More than 64 million Americans are cut off from access to traditional banking because they lack credit history. To better serve these unbanked consumers financial institutions are relying on the...

View Article

Image may be NSFW.
Clik here to view.

Believe It Or Not, Outlawing Payday Loans Will Not Lead To Looting & Pillaging

(aloucha) Critics of payday lending say the practice traps many borrowers in a debt spiral, forcing them to take out additional loans to pay back the first. Yet these short-term loans do have...

View Article


Image may be NSFW.
Clik here to view.

Dept. Of Education Sued For Access To Info On Private Debt Collectors

(sparkle-motion) After being denied access to what it claims are public documents about financial incentives the U.S. Dept. of Education provides to private debt collectors, a consumer advocacy group...

View Article

Image may be NSFW.
Clik here to view.

SCOTUS Decision Proves States Have Power Over Payday Lenders Claiming Tribal...

(frankieleon)While a U.S. Supreme Court decision yesterday in the case of a Michigan Native American tribe’s allegedly illegal casino appears to have nothing to do with payday lending, experts say it’s...

View Article

Image may be NSFW.
Clik here to view.

Report: States Have The Power To Rein In For-Profit Colleges, They Just Don’t...

(Xavier J. Peg)The for-profit college industry has been widely criticized for spending a disproportionate amount of its money — much of it coming from federal student loans — on marketing while having...

View Article


Image may be NSFW.
Clik here to view.

Am I Completely Screwed If My Student Loan Co-Signer Dies?

Imagine this scenario: You’ve been out of college for several years, have a good job and you have no problems making your student loan payments in full and on time. Then tragedy hits; your parent dies...

View Article


Image may be NSFW.
Clik here to view.

CFPB Proposes Rules To Protect Consumers From Shoddy Foreclosure Practices

(jetsetpress)Since the recession began in the late 2000s, many homeowners have struggled to keep their homes, often fighting off aggressive and shady foreclosure attempts. Over the years, consumers...

View Article

Image may be NSFW.
Clik here to view.

University Of Phoenix’s Risk-Free Trial Might Not Cost You, But Is It An...

From diet pills to dating websites, it’s not hard to find someone offering a “risk-free” trial membership, and thanks to the University of Phoenix, that “try before you buy” model now applies to...

View Article

Image may be NSFW.
Clik here to view.

More Than 100 National Consumer Groups Urge The CFPB To Issue Rules Over...

( SarahMcGowen) Just weeks after the Consumer Financial Protection Bureau released a report showing that tens of millions of Americans have clauses in their credit card, checking account, student loan...

View Article

Image may be NSFW.
Clik here to view.

Can New Payday Loan Rules Keep Borrowers From Falling Into Debt Traps?

Nearly one in four consumers continue to turn to high-cost, short-term financial products like payday loans, auto-title loans and other pricey alternatives when struggling to make ends meet, even...

View Article


Image may be NSFW.
Clik here to view.

Potential FICO Credit Score Changes Could Hurt, Rather Than Help Some...

(БРАТСТВО)The Fair Isaac Corporation – better known to consumers as FICO – is on the verge of turning the credit score game on its head with the release of a new credit-scoring approach that would...

View Article

Image may be NSFW.
Clik here to view.

Petition Calls For Loan Relief For Corinthian College Students

(thisisbossi) Ever since for-profit education chain Corinthian Colleges began its downward spiral last summer, consumer groups, students and legislators have urged the Department of Education to...

View Article


Image may be NSFW.
Clik here to view.

Arbitration Fairness Act Would Reinstate Consumers’ Right To Sue In Court

(Brian Turner)   Companies have been taking away your right to sue them when they screw up for years, using small, hidden clauses to require mandatory binding arbitration instead. After years of...

View Article

Image may be NSFW.
Clik here to view.

More Banks Are Offering Student Loan Refinancing, But Is It Really Safe &...

For the last several years legislators have repeatedly introduced a bill that would allow student loan borrowers to refinance their private and federal student loans to the lower interest rates at...

View Article


Image may be NSFW.
Clik here to view.

58 Senators Urge CFPB To Create Rules Against Forced Arbitration Clauses In...

Adam Fagen A month after legislation was introduced to eliminate mandatory arbitration clauses in employment, consumer, civil rights and antitrust cases, a coalition of 58 lawmakers and several...

View Article

Image may be NSFW.
Clik here to view.

When Comparing Colleges, It Would Help To Know If A School Is Under...

(MeneerDijk) Many consumers thinking of pursuing a higher education weigh the pros and the cons of a specific college: tuition, convenience, available areas of study. Last month, the Department of...

View Article

Image may be NSFW.
Clik here to view.

Most State Laws Can’t Protect Borrowers From Predatory Installment Loans,...

(frankieleon) As regulators continue to craft rules meant to crackdown on costly and harmful short-term payday lending, companies are offering alternative products like installment loans and open lines...

View Article
Browsing all 24 articles
Browse latest View live




Latest Images