Wednesday, August 15, 2018
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Charlene Crowell
New National Poll Finds Consumers Still Want Financial Regulation
August 9, 2018
The 2018 poll, conducted by Lake Research Partners and Chesapeake Beach Consulting, found that among respondents more than 90 percent viewed regulation of financial services to be very important, and registered support across partisan affiliations. Among Republicans, 85 percent supported regulation, compared to 92 percent of independents and 96 percent of Democrats. ... read more »
New legislation seeks debt-free college degrees and real career opportunities 
August 2, 2018
If 17 Members of the U.S. House Committee on Education and the Workforce can convince their fellow lawmakers of a comprehensive approach to higher education, every student across the country could gain the chance to earn a debt-free degree and a rewarding career.    ... read more »
State AGs to DeVos: Work with, Not Against, State Law Enforcement
July 26, 2018
Starting last summer, student loan servicers like Navient have been lobbying DeVos to shield them from liability for their practices. And it’s worked. Despite objections from a bi-partisan group of Attorneys General (AGs), the National Association of Governors, and the Conference of State Bank Supervisors, DeVos and the Department of Education have increasingly made it more difficult for state and federal law enforcement agencies to do their jobs by retracting information sharing agreements with the Consumer Financial Protection Bureau (CFPB) and instructing servicers not share student loan information with state law enforcement and banking supervisors. ... read more »
Mick Mulvaney Turns Away from Consumers to Help Payday Lenders
July 19, 2018
The unfortunate result for citizens is that we’re just not getting any value from this key office these days. The Dodd-Frank Consumer Protection and Wall Street Reform Act is clear as to the responsibilities given to CFPB. Under the previous director, billions of dollars were returned to consumers for a host of illegal and deceptive acts by predatory financial institutions. These achievements were accomplished with the support of a dedicated staff. ... read more »
Racial Divides Found in Student Loan Defaults
July 5, 2018
Besides deep debt incurred to gain a college education, another sphere of concern presents yet another financial hurdle: student loan defaults. ... read more »
Federal Regulator Ready to Reform CRA But Won’t Say If Discrimination Exists
June 28, 2018
According to the report, Black consumers are the only racial/ethnic group that has made no appreciable progress in homeownership over the past 30 years. ... read more »
Cities and States Support Preserving Fair Housing Rule
June 14, 2018
The attorney general for the nation’s most populous state, California, linked fair housing with opportunity in other dimensions of life ... read more »
Federal Lawsuit Challenges HUD to Enforce Fair Housing Rule Civil Rights and Housing Advocates Join Forces
May 25, 2018
Across the country, an estimated $5.5 billion in HUD funding is awarded each year. Nearly two-thirds of these funds go to approximately 1,210 grantees through HUD’s Community Development Block (CDBG) Grant program.  With this year’s rule suspension and continuing for several years, grant recipients – largely state and local government jurisdictions -- can obligate their allocations without any concern for compliance with the Fair Housing Act rule.    ... read more »
Racial Mortgage Disparities Persist as Federal Housing Enforcement Lags
May 9, 2018
Today, with much of the mortgage market recovered, unnecessarily tight and expensive credit in the conventional mortgage market often makes FHA the only option to finance homeownership for low- to moderate-income borrowers, lower-wealth borrowers, and borrowers of color. This single-option also means that borrowers broadly denied the lower-cost, most-affordable private loans available, have a slower rate of home appreciation due to fees and insurance that accompany government-backed loans.  ... read more »
Payday Lenders Wage New Wars against Consumers and Regulation
April 26, 2018
Center for Responsible Lending Deputy Communications Director Charlene Crowell talks about changes to the Consumer Financial Protection Bureau and predatory lending. ... read more »
Senate Lawmakers Seek to Gut Fair Housing
March 15, 2018
In just a few weeks, civil rights and housing advocates will commemorate the 50th anniversary of the Fair Housing Act. Just four days following the assassination of Rev. Martin Luther King, Jr., Congress passed the law on April 10, 1968. ... read more »
DeVos coddles companies while abandoning student loan borrowers
March 2, 2018
DeVos coddles companies while abandoning student loan borrowers ... read more »
Access to Safe, Decent and Affordable Housing Threatened
February 23, 2018
Access to Safe, Decent and Affordable Housing Threatened ... read more »
Waters, Sen. Warren and CBC Members Question Consumer Financial Protection Bureau Actions under Trump Appointee
February 8, 2018
the group of lawmakers seek to know what prompted Mr. Mulvaney’s actions as well as his ties to the payday lending industry. ... read more »
Consumer Protection Payday Rule at Risk, Just Like Student Loan Protections
January 19, 2018
An important consumer protection rule that was to take effect January 16 is now being “reconsidered” by the same agency that was to enforce it – ... read more »
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