NCLC (@NCLC4consumers) / X

Tenants across Washington state face an increasingly confounding landscape of rental #JunkFees. In Seattle, the City Council voted to ban most rental fees — a shot across the bow to the rental housing industry. #ProtectConsumers @seattletimes

Why Seattle renters are suddenly the envy of all

From seattletimes.com

NCLC

@NCLC4consumers

14h

Consumer advocacy groups and Illinois' top law enforcement official are opposing online lender OppFi's plan to obtain a national bank charter — arguing the move would allow it to lock customers into loans at more than 100% APR. #RentaBank @Suntimes

Kesha Thompson-Warren holds up a paper showing her payment balance from a loan through Chicago company OppFi.

Loop company's bid to buy Arizona bank would spike predatory lending, consumer advocacy groups argue

From chicago.suntimes.com

NCLC

@NCLC4consumers

Aug 28

"Most people considering debt settlement would be much better off in a chapter 7 bankruptcy. It’s faster, more reliable, and cheaper,” Andrew Pizor, senior attorney at NCLC said.@BadCreditorg #Bankruptcy #DebtSettlement #FairDebt #FDCPA #ProtectConsumers

Debt Settlement May Hurt Credit Score More Than Bankruptcy

.@hardyjournalism's look at how #Fintechs side-step state lending uncovered not only the #RentaBank playbook but also a new plan to expand their lending practices under the Trump administration. Advocates warn it could set off an APR arms race. 1/2 @Money

Most States Ban Predatory Loans. Lenders Are Using This Loophole to Charge 150% APRs Anyway

The agencies’ actions follow the CFPB's recent rulemaking that purported to change the law on the books about Special Purpose Credit Programs. Ninety-three percent of the commenters on the CFPB’s rule opposed rolling back SPCPs. #ProtectConsumers @natfairhouse

National Fair Housing Alliance

@natfairhouse

Aug 25

Seven federal regulators are rolling back support for Special Purpose Credit Programs that help expand fair access to credit and homeownership. NFHA strongly condemns this attack on fair lending protections. Read our statement: nationalfairhousing.org/nfha-statement… #FairHousingIsTheLaw