A March 2017 report by the Consumer Financial Protection Bureau sets out serious problems uncovered by examinations at the Big Three consumer reporting companies (Experian, TransUnion, and Equifax) and details significant new reforms that these companies must implement to protect consumers. This article by National Consumer Law Center staff attorney Chi Chi Wu walks through […]
Author Archives: Jon Sheldon
Policy solutions to help consumers whose credit histories were negatively effected by the Great Recession and the foreclosure crisis.
New NCLC survey finds that none of the U.S. state’s property exemption laws meet basic standards so that debtors can continue to work productively to support themselves and their families. States’ archaic exemption laws fuel the fast-growing debt buyer industry which churns out old and often poorly documented judgments that abuses the court system. Recommendations for reform are included.
Overdraft fees and abuses have spiraled out of control, snaring millions of consumers while generating billions in profits for banks. A new white paper by the National Consumer Law Center explains the legal avenues the Consumer Financial Protection Bureau (CFPB) can use to restore the standard of “reasonableness” to overdraft fees.