Sep 16, 2022

 

Medical debt is on the November ballot in Arizona

Arizona is trying to take on medical debt with a ballot initiative

The Washington Post | Analysis by Rachel Roubein with research by McKenzie Beard | Sep 16, 2022

"A measure to crack down on medical debt collection is on the ballot in Arizona this fall — a first-of-its kind initiative that, if successful, states across the country may seek to replicate."

 

May 17, 2022

 

REPORT: EasyPay Partnered With Auto Repair Conglomerates To Profit Off Predatory "Triple-Digit" Interest Loans

Press Release | Accountable.us, May 17, 2022

"WASHINGTON, DC — A new report from government watchdog Accountable.US reveals that several of the country’s largest auto repair conglomerates have partnered with EasyPay Finance to issue predatory, high interest loans – including Big O Tires, Driven Brands, and FullSpeed Automotive."

---> related to the update of May 11, 2022 below <---

 

May 11, 2022

 

New Report and Consumer Alert Flag Deceptive Auto Repair Financing Practices

Press Release | NCLC, May 11, 2022

"Deceptive Auto Repair Financing Practices" | Consumer Alert from NCLC, May 2022

"Predatory Auto Repair Loans By TAB Bank and EasyPay Finance" | Report from Stop The Debt Trap, May 2022

"National auto repair chains like AAMCO, JiffyLube, Meineke, and Midas, and local repair shops are steering customers to predatory lenders engaged in deceptive and abusive practices, charging up to 189% APR"

Note: The report from Stop The Debt Trap lists eight stories stories from Arizona consumers caught in predatory auto repair loans from EasyPay Finance

 

March 3, 2022

 

New Mexico Governor caps interest rates on storefront loans

CEI Consumer Advisory | March 3, 2022

"New Mexico Gov. Michelle Lujan Grisham on Tuesday March 1, signed House Bill 132, reforming predatory lending practices by lowering the cap on small loan interest rates from 175% to 36%."

 

April 26, 2021

 

Cynthia Zwick, Kelly Griffith: Ending poverty

Opinion by Cynthia Zwick (Wildfire) and Kelly Griffith (CEI) | News Herald at Havasunews.com, April 26, 2021

 

April 22, 2021

 

Congress Must Overturn OCC’s ‘Fake Lender’ Rule: Payday Lenders Benefit, Consumers Lose

Opinion by Lauren Saunders & Lisa Stifler | Morning Consult, April 22, 2021

"If Congress doesn’t act soon to repeal a rule by the Office of the Comptroller of the Currency, the floodgates will be open for predatory lending in all 50 states and the District of Columbia."

 

April 21, 2021

 

Zwick/Griffith: Senators must protect borrowers

Opinion by Cynthia Zwick (Wildfire) & Kelly Griffith (CEI) | Anthem Independent, April 21, 2021

 

April 9, 2021

 

Local advocacy groups call on Arizona legislators to fix lending laws

"Officials from the Phoenix-based group Wildfire and the Center for Economic Integrity say proposed national legislation could halt triple-digit interest rates that get passed onto consumers on short-term loans such as advances given in exchange for a car titles."

Article by Brent Ruffner | Daily Independent, April 9, 2021

 

March 29, 2021

 

Congress to Introduce Resolution Rescinding “Fake Lender” Rule Enabling Predatory Lenders to Evade Arizona’s Interest Rate Limits

330+ groups from 50 states, District of Columbia support overturning rule that helps triple-digit interest rate loans bypass state and voter-approved interest rate caps

"Wildfire and the Center for Economic Integrity applaud plans by Senators Chris Van Hollen (D-MD), Sherrod Brown (D-OH) and Congressman Chuy García (IL-4) to introduce Congressional Review Act (CEA) resolutions eliminating a Trump-era regulation that helps lenders charging 179% APR or more evade state- and voter-approved interest rate caps."

Press Advisory | Wildfire and the Center for Economic Integrity, March 29, 2021

 

 

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