Unison markets its mortgage loan as a simple way for homeowners to access their equity with no debt, interest, or monthly payment. A class action suit says the 𝐫𝐞𝐚𝐥𝐢𝐭𝐲 𝐢𝐬 𝐟𝐚𝐫 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭. #ProtectConsumers #ConsumerLaw www.nclc.org/class-action...

Class Action Lawsuit Filed Against Unison, Alleging Company Lured Massachusetts Homeowners into Predatory Home Equity Agreements

The suit alleges that Unison lured Massachusetts homeowners into high-cost home equity loans by falsely marketing its product as an interest-free, loan alternative "option contract"

nclc.org

"Over the course of the next two years we're going to see more changes implemented," said Anna Anderson at NCLC. "This is really going to impact a lot of people going forward as they're trying to manage their debt long term." #ProtectBorrowers #DefendStudents www.yourvalley.net/stories/reti...

Arizona seniors increasingly trapped by decades-old student loans - Daily Independent

Student loans were once considered a financial hurdle for young adults beginning their careers. Today, they're increasingly becoming a retirement crisis as the pandemic payment pause ends, interest …

yourvalley.net

"Testing & evaluation of AI systems, including removing bias, make systems more accurate, not less," said NCLC's Odette Williamson. "The FTC's proposed policy statement creates confusion about how to legally assess bias & discrimination in #AI." #ProtectConsumers www.nclc.org/ftc-ai-propo...

FTC AI Proposal Would Increase Bias and Decrease Accuracy

Proposed Policy Would Create Confusion and Reduce Compliance with Antidiscrimination Laws

nclc.org

Better and #Coinbase have launched a #Crypto -backed #Mortgage. Alys Cohen of @nclc4consumers.bsky.social and Corey Frayer of CFA wrote: "That is not an innovation for consumers, it is an invitation for disaster."

Crypto-Backed Mortgages: How Better And Coinbase Loans Work

Better and Coinbase now let buyers pledge bitcoin for a down payment on a Fannie Mae mortgage. Seven senators want the approval rescinded.

forbes.com

“The Court’s decision brings Michigan back in line with the vast majority of states...Strong state consumer protection laws are essential to ensuring fair markets & access to justice, particularly as federal enforcement resources decline." #ProtectConsumers #FairDebt www.nclc.org/michigan-sup...

Michigan Supreme Court Restores Critical Consumer Protections in Landmark Decision

LANSING, Mich. — In a major victory for Michigan consumers, the Michigan Supreme Court today ruled in favor of the Attorney General in Attorney General v Eli Lilly and Co., adopting a narrow interpret...

nclc.org

“There is an enormous gap between the destructive, usurious rates that OppFi charges and the top rates allowed by nearly every state,” the groups wrote. “OppFi’s lending program is risky, unsafe and unsound.” #RentaBank #Fintech #ProtectConsumers www.nclc.org/broad-coalit...

Broad Coalition Opposes 195% APR Bank Charter for OppFi, Which Seeks to Make Payday Loans in Every State

120+ Groups Urge FDIC, OCC, and Fed To Deny OppFi’s Request to Acquire BNC Bank

nclc.org

Debt buyer LVNV Funding filed 2.5x the consumer debt cases in 2025 as it did in 2019 (31,545 vs. 12,807) in #Massachusetts. It is now the largest filer of consumer debt lawsuits in the state. #FairDebt #ProtectConsumers #mapoli @pewresearch.org www.januaryadvisors.com/consumer-deb...

Consumer Debt Filings Kept Climbing in 2025

Consumer debt filings kept climbing in 2025 and are above historical averages in 7 out of 8 states.

januaryadvisors.com

WATCH NOW: CFA’s @benwinters.bsky.social testifies before #Senate on the #AI Deception Machine: #Deepfakes, #Chatbots, and the New Frontier of Senior #Fraud

The AI Deception Machine: Deepfakes, Chatbots, and the New Frontier of Senior Fraud | United States Senate Special Committee on Aging

United States Senate Special Committee on Aging

aging.senate.gov

After receiving their notices, borrowers should log into studentaid.gov to view their options. In addition to the monthly payment amount, consider how many years it will take to pay back the loans and the total repayment amount. #ProtectBorrowers #DefendStudents @cnn.com www.cnn.com/2026/07/29/p...

JPMorganChase will pay ~$17 million to Ohio State per year, approximately 1/58th of the total overdraft fees it collected in 2025. Low-income households are indirectly paying for the Buckeyes to wear a Chase jersey patch. @brobible.bsky.social #ProtectConsumers brobible.com/sports/artic...

Low-Income Families Are Paying For Ohio State's Jersey Patch Through Chase Bank's Outrageous Overdraft Fees

Ohio State signed a lucrative jersey patch deal with JP Morgan Chase. Ohio State announced a landmark partnership with JPMorganChase worth approximately

brobible.com

Dormant second mortgages from the early 2000s are resurfacing to shock homeowners. "Imagine you're current on your mortgage, and now you get a notice saying you owe $150,000 today, or you're going to lose your home," said NCLC's Andrea Bopp Stark. www.wesh.com/article/zomb...

"Zombie" second mortgages are back and could put your home at risk

Dormant second mortgages from the early 2000s are reappearing, catching homeowners off guard and threatening foreclosure.

wesh.com

"Potential conflicts, particularly those with companies with a reputation for violating or skirting consumer protection law, should raise serious concerns and require particular scrutiny," said NCLC's Diane Thompson. #ProtectConsumers www.americanbanker.com/news/disclos...

Disclosures show CFPB pick's ties to several regulated firms

President Trump's nominee to lead the Consumer Financial Protection Bureau disclosed that he's been paid by numerous financial firms regulated by the agency he is expected to lead.

americanbanker.com

To lease or not to lease? Wise advice for car shoppers from @michellesingletary.bsky.social about how to avoid getting trapped in a cycle of debt. @consumerfed.bsky.social @nclc4consumers.bsky.social @seiu1021.bsky.social @nationalnurses.bsky.social #cars #loans #leasing #scams wapo.st/4pEsDmF

Column | I tell people never to lease cars — except in this scenario

If you’re determined to lease, it might be a better option than being upside-down on a car loan.

wapo.st

Mortgage brokers are often paid based on the size of the loan and “have no obligation to get a good or affordable loan for the borrower,” said Andrew Pizor at NCLC, and borrowers usually end up paying more. #FairHousing #ProtectConsumers @marketwatch.com www.marketwatch.com/story/how-to...

How to find the best mortgage rate — it could save you $3,300 a year

Buyers who skip comparison shopping often end up considerably overpaying for their mortgage.

marketwatch.com

NCLC's Diane Thompson joined housing advocates, including Mark Kudlowitz of Local Initiatives Support Corporation, @weareunidosus.bsky.social, @naturbanleague.bsky.social & @natfairhouse.bsky.social, for @hakeem-jeffries.bsky.social housing affordability working group #FairHousing #ProtectConsumers

“Research and compare terms with the same sort of critical eye as you would with a private loan,” said Abby Shafroth at NCLC. Also consider what happens if you fail to make your payments. “Very few people think about that." #ProtectBorrowers @nytimes.com www.nytimes.com/2026/07/17/y...

States Rush to Fill Graduate Loan Gap Opened by G.O.P. Budget Bill

Minnesota and Connecticut are two of the states expanding their loan options. “We see it as a substitute program,” one official said.

nytimes.com

Acting CFPB Director Russell Vought was back in front of Congress today to face questions from Senators over the Bureau's actions under his watch. Some highlights and lowlights from today's proceedings 1/13

Network with the nation’s consumer law experts and top practitioners at the 2026 Consumer Rights Litigation Conference & Class Action Symposium. 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐧𝐨𝐰! nclc.org/event/2026-c... #ConsumerLaw #CRLC2026 @consumeradvocates.bsky.social

.@warren.senate.gov's report attributes up to $15B to the #CFPB abandoning an $8 cap on most credit card late fees, $7.5B to the repeal of the overdraft fee rule, and the remainder to three dozen dropped enforcement actions & settlements. #ProtectConsumers @cnbc.com www.cnbc.com/2026/07/16/t...

Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion

Sen. Elizabeth Warren says the Trump administration's rollback of CFPB rules and enforcement has cost Americans up to $26.5 billion so far.

cnbc.com

The credit bureaus wanted fewer complaints, and the Vought-led #CFPB delivered. But making it harder to complain about your mortgage or credit card doesn’t fix the problems—it just hides them from public view while 𝐩𝐞𝐨𝐩𝐥𝐞 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐭𝐨 𝐩𝐚𝐲 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞. #ProtectConsumers @banking.senate.gov

There’s absolutely nothing in the law that created the #CFPB that requires consumers to contact the credit bureaus before complaining. This requirement appears to be an effort by the Vought-led CFPB to stifle complaints. #ProtectConsumers

In 2023, the #CFPB ordered Toyota Motor Credit Corporation to return $48 million to consumers and pay a $12 million penalty into the CFPB’s victims relief fund. Vought's CFPB said "nevermind" and Toyota pocketed the cash intended for people it harmed. #ProtectConsumers

Vought's #CFPB dropped a case against the digital payment app Zelle after it failed to #ProtectConsumers from fraud and identity theft. Zelle's failures cost customers more than $870 million over seven years.

One tactic companies employ to slip additional fees by you is to use up your time so that you're in a rush when you finally settle the bill. Some car dealers, for example, use a strategy called de-horse the consumer. 1/2 @kiplinger.com.web.brid.gy www.kiplinger.com/investing/ec...

How to Fight the Annoyance Economy

Hidden fees, customer service snafus and other financial hassles cost Americans an estimated $165 billion a year.

kiplinger.com

Highlight: Rep Casten (IL-6) spotlights consumers impacted by the CFPB’s dropped enforcement actions including seniors, disabled Americans, and servicemembers who have suffered financial losses as a result of unlawful conduct by financial institutions 10/16

Highlights and lowlights from acting CFPB Director Russell Vought's first (and likely last) appearance before the House Financial Services Committee today: 1/16

Vought's #CFPB set the stage for hidden discrimination and predatory lending, including old threats, like redlining, and new problems, such as algorithmically based discrimination. #ProtectConsumers

Consumers are encouraged to continue to submit complaints about ongoing credit reporting disputes with both the credit bureau and the CFPB. It is still people’s right to report problems, and the Vought-led #CFPB must work towards a fair financial marketplace. #ProtectConsumers

The #CFPB accused Capital One of cheating depositors out of $𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 with misleading claims about interest offered on their 360 Savings accounts. But despite the significant amount of harm alleged, the Vought-led CFPB dropped its case against CapOne. #ProtectConsumers

The credit bureaus wanted fewer complaints, and the Vought-led #CFPB delivered. But making it harder to complain about your mortgage or credit card doesn’t fix the problems—it just hides them from public view while people continue to pay the price. #ProtectConsumers @consumerfed.bsky.social