Alice T. Crowe, a lawyer, educator and entrepreneur that has practiced law for over 25 years in New York, argues that collective economic action—exemplified by the African Diaspora Federal Credit Union—offers a viable, overdue solution to systemic financial exclusion and predatory lending in Black communities.
Tag: Consumer Financial Protection Bureau
Posted inPOLITICS
Education advocates sound the alarm as student loan overhaul moves through the Senate
Education advocates warn the Student Success and Taxpayer Savings Plan could burden low-income students with higher costs and reduced aid. They say the proposal risks limiting college access for those who need help the most
Posted inAfro Briefs
Record-high credit card interest rates and fees are bogging down consumers– here’s how to avoid them
By Jill Jaracz Monthly credit card statements are causing consumers ongoing stress and concern. After years of high inflation and rising interest rates, consumers are having trouble keeping up with their credit card bills. According to industry data compiled by BankRegData, nearly 3 in 4 consumers carry outstanding balances on their credit cards, and more […]
Sponsored
Fine Print Fright? A Guide to Understanding Financial Terms
April 7, 2025 Photo: artursz via 123RF With the tiny print and challenging terminology in financial agreements, one might think that financial institutions are trying to hide something from us. In fact, the Consumer Financial Protection Bureau has, for quite some time, been fighting against financial companies using fine print in contracts that result in customers waiving their legal […]
Posted inBUSINESS
A loan shark in your pocket: Cellphone payday loan apps leave many consumers worse off
Predatory earned wage advance (EWA) apps are trapping low-income workers in cycles of high-interest debt, with borrowers often reborrowing at rates equivalent to 300 percent APR or more. Consumer advocates and regulators warn that without stronger financial protections, these apps will continue to exploit vulnerable Americans, deepening financial insecurity rather than alleviating it.
Posted inU.S. Government
Federal judge blocks 47th president from dismantling Consumer Financial Protection Bureau
A federal judge issued a preliminary injunction blocking the Trump administration from dismantling the Consumer Financial Protection Bureau, preserving its operations while a lawsuit challenging its elimination proceeds. The ruling underscores the agency’s role in protecting consumers and prevents what the court deemed an unlawful and irreparable shutdown.
Posted inU.S. Government
White House orders consumer protection agency to stop work
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
Posted inCommentary
Making ends meet is hard enough without a penalty for coming up short
The Consumer Financial Protection Bureau is working to reduce overdraft and late fees, which are disproportionately harmful to low-income households and people of color, by establishing benchmarks and limiting the amount companies can charge for a late fee.
Sponsored
The Role of the Consumer Protection Bureau in Safeguarding Consumers
Consumer protection is a vital aspect of any thriving economy. It ensures that consumers are treated fairly and have the means to address issues they may encounter when dealing with businesses. The Consumer Financial Protection Bureau (CFPB) plays a crucial role in safeguarding consumers’ interests in the United States. To demystify the CFPB, we’re diving into their […]