SB 1061 will provide relief to millions by removing medical debt from credit scores, ensuring consumers are not penalized for accessing medical care. Senator Josh Becker, Health Access CA, CALPIRG, Rob Bonta, Consumer Federation of California, California Nurses, California Low-Income Consumer Coalition, NCLC calmatters.org/health/2024/08…

.Appliance Standards & U.S. PIRG analyzed the impacts of approximately two dozen #EnergyEfficiency standards set by U.S. Department of Energy & found the average household would save over $100 a year on utility bills. Collectively, businesses would save over $2B! #ProtectConsumers appliance-standards.org/reducing-costs…

The FTC is considering a rule that would prohibit hidden or misleading #JunkFees. “It's really important that they are regulated ... because they are so prevalent and they also harm low-income people and renters of color in particular." #ProtectConsumers kuer.org/business-econo…

Now #SB1061 has passed off the Senate Floor on concurrence - and is heading to California Governor's desk! Thank you to the author Senator Monique Limón and partners CALPIRG, California Nurses, Consumer Federation of California, NCLC, California Low-Income Consumer Coalition, and Rob Bonta for all the hard work on this bill

“Cash advance apps that call themselves ‘earned wage access’ are just payday loans in disguise,” said Lauren Saunders. “𝐖𝐨𝐫𝐤𝐞𝐫𝐬 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐡𝐚𝐯𝐞 𝐭𝐨 𝐩𝐚𝐲 𝐭𝐨 𝐛𝐞 𝐩𝐚𝐢𝐝." consumerfinance.gov Center for Responsible Lending AFR #ProtectConsumers nclc.org/160-groups-urg…

“Rapacious lenders have been endlessly creative in disguising the high cost of payday advances. The consumerfinance.gov is right to expose 300% APR loans ... to prevent workers from being gouged,” said Deborah Weinstein Coalition on Human Needs #LaborDay #ProtectConsumers nclc.org/160-groups-urg…

"By requiring regular disclosures and treating paycheck advances as credit, the consumerfinance.gov's guidance brings clarity & common sense to a credit product whose terms have been unclear for too long," said Adam Rust Consumer Federation of America. #ProtectConsumers #StopTheDebtTrap nclc.org/160-groups-urg…

Costs disguised in ‘tips,’ 'expedite fees' or other #JunkFees mean workers who take out 'earned wage access' loans 𝐠𝐞𝐭 𝐩𝐚𝐢𝐝 𝐥𝐞𝐬𝐬! Advocates applaud consumerfinance.gov action to clarify the cost of workplace payday loans. #ProtectConsumers #LaborDay nclc.org/160-groups-urg…

“This consumerfinance.gov proposal affirms what is commonsense: paycheck advance apps are loans that are subject to federal lending laws,” said Nadine Chabrier Center for Responsible Lending. This proposal requires disclosure of #JunkFees like tips & expedite fees to #ProtectConsumers. nclc.org/160-groups-urg…

160+ Groups Urge Clear Fee Disclosures for Paycheck Advance Apps in Letter to the consumerfinance.gov “This CFPB proposal affirms what is commonsense: paycheck advance apps are loans that are subject to federal lending laws” #StopTheDebtTrap #ProtectConsumers #LaborDay responsiblelending.org/media/160-grou…

How can #community leaders use local data to enhance their understanding of racial #wealth disparities? Learn more about how Urban and other collaborators applied new #data methods to estimate local wealth and identify the need for tailored solutions. urbn.is/3T8r4Pc

The Fresh Start program for borrowers with loans in default ends September 30th. Take advantage of this program now: studentaid.gov/announcements-…

Nominations for worthy candidates for our two annual awards: the prestigious 𝐕𝐞𝐫𝐧 𝐂𝐨𝐮𝐧𝐭𝐫𝐲𝐦𝐚𝐧 𝐀𝐰𝐚𝐫𝐝 for lifetime achievement in #ConsumerLaw & 𝐑𝐢𝐬𝐢𝐧𝐠 𝐒𝐭𝐚𝐫⭐𝐀𝐰𝐚𝐫𝐝 for newer attorneys are 𝐝𝐮𝐞 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟑! nclc.org/about-us/award…

Earned Wage Access has grown in popularity, but we need to 𝐦𝐚𝐤𝐞 𝐜𝐞𝐫𝐭𝐚𝐢𝐧 𝐰𝐨𝐫𝐤𝐞𝐫𝐬 𝐠𝐞𝐭 𝐚 𝐟𝐚𝐢𝐫 𝐬𝐡𝐚𝐤𝐞. The consumerfinance.gov proposal tells workplace payday lenders it’s time to play by the rules. #ProtectConsumers #LaborDay nclc.org/160-groups-urg…

“Employees deserve to know the cost of paycheck advances ahead of time. As the consumerfinance.gov's research shows, typical employer-partnered advances come with triple-digit APRs,” said Mike Litt U.S. PIRG. #LaborDay #ProtectConsumers nclc.org/160-groups-urg…

Advances of wages or other income, repaid later, are loans regardless how they 𝓪𝓻𝓮 𝓼𝓽𝔂𝓵𝓮𝓭. consumerfinance.gov's proposed rule stops lenders from disguising 300% APR loans in so-called ‘tips,’ expedite fees or other #JunkFees. #ProtectConsumers #LaborDay nclc.org/160-groups-urg…

Dear #California car buyers: don't want to get stuck with a defective nightmare lemon car? General Motors is attacking your right to get a refund without a lot of hassles. Spread the word: vote NO on #AB1755. Ash Kalra 🌱 #CALeg capitolweekly.net/gms-sneak-atta…

Courts should be informing people that they can question whether they owe money on a #debt at all. “Courts do a disservice to consumers if they are not clearly conveying this information,’’ said NCLC's April Kuehnhoff.

The FDIC is prepping a rule that would require banks to manage directly or reconcile daily FBO account ledgers in order to avoid a repeat of the Synapse catastrophe. New from me: news.bloomberglaw.com/banking-law/fd…

“Junk fees disproportionately harm people of color and lower income people who are more likely to be renters and struggle to find and maintain affordable housing...State and local policymakers must regulate rental housing #JunkFees." #ProtectConsumers nclc.org/what-the-heck-…