Page 2 - Jay Speer News Today

The Consumer Financial Protection Bureau is proposing a rule on overdraft fees that would benefit New Yorkers. The rule closes a loophole exempting overdraft fees from provisions in the Truth in Lending Act. Research shows New Yorkers paid almost $1.5 billion in overdraft fees during the early years of the pandemic. ...

Only two states dont allow class-action lawsuits in their courts. Virginia is one of them.

The Chesterfield Republican is proposing legislation that would cap interest on such advances at 12%.

RICHMOND — Virginia legal advocates are on the lookout for attempts to subvert the state's Fairness in Lending Act. The 2020 law establishes a fair regulatory…

Oregon lawmakers could add greater safeguards for consumers from debt collectors this session. The Family Financial Protection Act of Oregon includes a suite of provisions to shield consumers, including ensuring people can keep more of their wages from being garnished to pay back debts. State Sen. ...

Virginia legal advocates are on the lookout for attempts to subvert the states Fairness in Lending Act. The 2020 law establishes a fair regulatory framework for lending in the state - but it seems some lenders are finding ways around it, such as referring to different types of loans as an "advance." A Consumer Reports investigation has found some "advances" have been offered at an interest rate of 490%. Jay Speer - executive director of the Virginia Pove...

The update, written to the dozens of former SeaView Lofts tenants by attorneys, alleges continued barriers, complications from resolving their 2022 displacement.

Millions of Americans can now collect some of their earnings before payday. But whether they should do so or avoid what could become a financial sinkhole increasingly depends on where they live and work.

RICHMOND — Every year since 2006, Virginia has waived the sales tax on certain back-to-school items and supplies during the first weekend in August.

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