Black and Latino borrowers are more likely to get trapped in cycles of debt, because they have few other options for dealing with structural poverty.
CFPB
Posted inHealth and Social Policy
Hospitals’ Bid for Quick Cash Leaves Patients Worse Off
Medical credit cards shift the burden of medical financing onto unsuspecting consumers who could have qualified for other means of payment.
Posted inEnergy and the Environment
Crackdown on Predatory Green Loans
The Consumer Financial Protection Bureau has proposed rules forcing a program that offers loans for energy efficiency upgrades to confirm a borrower’s ability to repay.
Posted inTAP
An Appeals Court Upholds Constitutionality of the CFPB
Today on TAP: And the decision was written by a Trump appointee, no less. Even this Supreme Court will be hard-pressed to disagree.
Posted inHousing
HUD Steps Forward on Junk Fees in Rental Housing
The Cabinet agency is presenting best practices for eliminating or limiting the worst overcharges.
Posted inLaw and Justice
Former Wells Fargo Exec Could Do Prison Time
Does the plea bargain by Carrie Tolstedt, who led Wells’s corrupt fleecing of customers, suggest a belated criminal crackdown on corporate crooks?
Posted inLaw and Justice
Conservative Witness Admits Potential Chaos From CFPB Court Case
The witness said that the Supreme Court finding CFPB’s funding unconstitutional ‘could result in significant problems throughout the financial system.’
Posted inEconomic Policy
Buy Now, Pay Later Customers Face Financial Precarity
A new report from the Consumer Financial Protection Bureau details the financial profiles of BNPL borrowers.
Posted inTAP
How Far Will the Supreme Court Go?
Today on TAP: Consider two pending cases, on Biden’s student debt relief plan and the CFPB.
Posted inMoney, Politics, and Power
The Junk Fees Biden Hasn’t Talked About
Hidden and deceptive fees are seen across consumer transactions, from rental housing to prisons.
