consumer financial protection bureau
-
Press Release: NY Labor & Community Groups Endorse CFPB Rule To Crack Down on Predatory Paycheck Advance Loans
Groups called on New York regulators to aggressively enforce the state’s usury Law and take action against predatory fintech companies that exploit workers.
-
Letter in Support of CFPB Overdraft Lending Rule
We write in strong support of the Consumer Financial Protection Bureau’s (CFPB) proposed rule governing Overdraft Lending: Very Large Financial Institutions. The proposed rule is a crucial step toward addressing abusive and predatory financial practices that extract wealth from low-income neighborhoods and Black and brown communities.
-
Public News Service: Proposed overdraft-fees rule would benefit NYers
The Consumer Financial Protection Bureau is proposing a rule on overdraft fees that would benefit New Yorkers. The rule closes a loophole exempting overdraft fees from provisions in the Truth in Lending Act.
-
Statement from the NYS Community Equity Agenda Coalition on CFPB’s Proposed Overdraft Rule
“We applaud the CFPB for issuing a strong proposed rule to crack down on big banks’ predatory overdraft fees, which have long exploited low-income New Yorkers and extracted massive sums from low-income neighborhoods and communities of color…”