Collins sides with banks over Mainers on overdraft fees

U.S. Sen. Susan Collins joined Senate Republicans on Wednesday in blocking a Democratic effort to restore consumer protections rolled back under Pres. Donald Trump, marking the second time in just over a year that she has sided with banks over efforts to limit predatory charges. The votes targeted a series of policy changes made by…

Trump’s budget guts consumer protections. Here’s how Maine is fighting back.

With Pres. Donald Trump’s newly-passed federal budget slashing funding for consumer protections, experts say state-level laws will be more important than ever to keep people safe from scams, crushing debt, and predatory lenders. Fortunately, Maine’s legislature passed several laws this session – on medical debt, housing, access to credit and health care – that will…

Podcast: AG Aaron Frey on defending Maine from Trump administration policies

This week on the podcast, Maine Attorney General Aaron Frey breaks down how his office is standing up to President Donald Trump’s executive orders, holding Big Tech and Big Oil accountable, and defending immigrant and LGBTQ+ rights. With an 80% success rate in federal legal challenges, Frey shares why the rule of law still matters…

Maine could block medical debt from credit reports while federal protections remain uncertain

Maine lawmakers are considering legislation to remove medical debt from most consumer credit reports while a federal rule remains in limbo. The rule was finalized by the Consumer Financial Protection Bureau and slated to go into effect last month but the Trump administration has placed it on hold. Kate Ende, policy director at Augusta-based Consumers for…

Mainers among millions benefiting from new federal rule on medical debt

Medical debt will no longer appear on credit reports, according to a new rule the federal Consumer Financial Protection Bureau finalized on Tuesday. The ruling is set to remove $49 billion in medical debt from the credit reports of approximately 15 million Americans.  In Maine, more than 40% of residents say they’ve taken on medical…

Collins casts deciding vote for CFPB nominee who helped separate immigrant families

Senator Susan Collins fell in line with the Senate GOP on Thursday in a 50-49 vote to confirm Kathleen Kraninger to head the Consumer Financial Protection Bureau. The nomination was opposed by Maine’s independent Senator Angus King and Senate Democrats, who raised concerns about Kraninger’s lack of experience in consumer protection, her role in implementing…