20th Annual High Cost Lending Summit
20th Annual HCL Summit Speaker Biographies
Your Car is Your Credit: Using Research to Curb Predatory Car Title Lending
Written by Jean Ann Fox and published in the ACCI Journal of Consumer Affairs
Earned Wage Advances
District of Columbia v. Elevate Credit
Complaint filed June 2020
District of Columbia v. Opportunity Financial
Complaint filed April 2021
Sign on letter – Opposition to Earned Wage Access federal legislation
Sign on letter – Opposition to Fintech Innovation federal legislation
Rent-a-Bank Perspectives
District of Columbia v. Opportunity Financial
Consent Order signed November 2021
District of Columbia v. Elevate Credit
Remand Opinion entered July 2021
District of Columbia v. Elevate Credit
Consent Order signed January 2022
District of Columbia v. Easy Pay Finance
Settlement/AVC entered June 2023
Federal Updates
Consumer Groups’ Petition to CFPB for Forced Arbitration Rulemaking
September 2023
CFPB Arbitration Petition One-Pager
An Independent CFPB is Vital to Protecting Consumers in the Deep South
Written by Courtney Thomas, Hope Policy Institute
Junk Fee Summary
Written by Chuck Bell, Consumer Reports
State Rate Cap Strategies
The Effects of APR Caps and Consumer Protections on Revolving Loans
Written by Thea Garon, Breno Braga, Ashlin Oglesby-Neal, and Nick Martire, Urban Institute
Red Alert Rates: Annual Percentage Rates on $400, Single-Payment Payday Loans in the United States June 2023
By Charla Rios, Deputy Director of Research
The Debt Trap Drives the Fee Drain: Payday and Car-Title Lenders Drain Nearly $3 Billion in Fees Every Year Updated June 2023
By Sunny Glottmann, Researcher, Charla Rios, Deputy Research Director, Lucia Constantine, Researcher
Payday Lending Supporters Promote Flawed Analysis to Justify Predatory Interest Rates February 2023
Center for Responsible Lending
Other Materials
Issue Brief: Consumer Understanding of Buy Now, Pay Later in California
Written by the Consumer Federation of America and the Center for Responsible Lending
Additional Resources on EWA
State Recommendations for Earned Wage Advances and Other Fintech Cash Advances
NCLC & CRL October 11, 2023
CA, CT, DC Issue Orders Against Fintech Payday Loans that Solicit “Tips”
Press Release, May 18, 2023 (includes links to enforcement actions)
Earned Wage Advances and Other Fintech Payday Loans: Workers Shouldn’t Pay to be Paid
NCLC Issue Brief April 20, 2023
Data on Earned Wage Advances and Fintech Payday Loan “Tips” Show High Costs for Low-Wage Workers
NCLC Issue Brief April 10, 2023
Letter urging the Arizona Attorney General to Rescind Opinion Letter regarding Earned Wage Access Product
NCLC Letter January 24, 2023
Letter to NJ Governor urging veto of S.3611
AFR, CRL, SEIU, CFA, Consumer Reports, NCLC, United for Respect, US PIRG December 30, 2021
Letter to CFPB from 96 consumer, labor, civil rights, legal services, faith, community and financial organizations and academics re earned wage advisory opinion and order
NCLC Letter October 12, 2021
Paying to be Paid: Consumer Protections Needed for Earned Wage Advances and Other Fintech Cash Advances
CRL October 11, 2023
We Can’t Create a Lending Loophole: Pay a Living Wage
VPLC September 21, 2023
Survey Summary of Earned Wage Advance and Cash Advance Apps
CRL August 2023
Earned Wage Advance: States Should Regulate as Credit, Protect Consumers
CRL Issue Brief March 2023
Testimony on Vermont H.87 Regarding Earned Wage Access Service Providers
NCLC March 13, 2023
Connecticut Department of Banking, Department of Banking Issues Industry Guidance Regarding Public Act 23-126.
September 11, 2023
Guidance on Earned Wage Access Products
Maryland Commissioner of Financial Regulation, Industry Advisory Regulatory August 1, 2023
Understanding Earned Wage Access Products
Maryland Commissioner of Financial Regulation August 1, 2023