Consumer Financial Protection Bureau

May 7, 2018

The rush to adjournment

This morning marks the annual ritual when members of the public are invited to testify to the Senate Finance Committee about the state budget.

Number of the Day

3 percent - Amount that local school boards could charge teachers’ unions for collecting dues on their behalf, under legislation backed by business interests. The costs would likely be passed on to teachers. (Source: Will Sentell, The Advocate)
May 4, 2018

The case against predatory lending

Predatory payday lending proliferates in Louisiana. Hundreds of storefronts - mainly in low-income communities - offer short-term loans with triple-digit interest rates to cash-strapped consumers.

Number of the Day

2.2 - the percentage change in Louisiana’s real Gross State Product economic growth in the fourth quarter of 2017. (Source: Bureau of Economic Analysis)
November 8, 2017

Health care fits and starts

While President Donald Trump’s administration pursues one administrative action that would make it harder for some people to access Medicaid along with another that would threaten essential health benefits, people around the country are voicing support for the Affordable Care Act.

Number of the Day

3 million - Number of low-income immigrant children who would be denied the Child Tax Credit under the tax bill in the U.S. House of Representatives. (Source: Center on Budget and Policy Priorities)
October 25, 2017

Congress reverses consumer protection law

The U.S. Senate voted late Tuesday to repeal a banking rule that allowed consumers the ability to file class-action lawsuits against banks and credit card companies.

Number of the Day

$7,725 - Amount the average consumer pays in fees to their bank or lender after going through forced arbitration. (Source: Economic Policy Institute)