On February 22, California Attorney General Rob Bonta sent letters to 197 state-charted banks and credit unions warning them that certain fees they charge may constitute “unfair” business practices under California’s Unfair Competition Law and the federal Consumer Financial Protection Act. Bonta encouraged the financial institutions to review their policies and procedures to ensure consumers were not being assessed these fees.
BOSTON — During National Consumer Protection Week, Attorney General Andrea Joy Campbell announced a new grant that will provide up to $800,000 in funding to nonprofit legal services organizations offering legal assistance to low-income consumers who are vulnerable to unlawful asset and income seizures by debt collectors and creditors.
NEW YORK – New York Attorney General Letitia James today filed a lawsuit against a major operation of over 30 companies and individuals for exploiting small businesses through fraudulent loans at sky-high interest rates disguised as merchant cash advances. The companies and individuals sued by Attorney General James include Yellowstone Capital and its founder David Glass, Delta Bridge Funding, and several other individuals who negotiated and serviced the illegal loans.
ALEXANDRIA, Va. (March 4, 2024) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to New Jersey State PBA Federal Credit Union in Woodbridge, New Jersey
Phoenix, AZ - Today, Governor Katie Hobbs announced that she is partnering with non-profit RIP Medical Debt to launch Affordable Arizona: Tackling Medical Debt for Working Families. The program will forgive medical debt for up to one million working class Arizonans.
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