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Center for Responsible Lending - Page 2 of 2
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 »
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 »
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 »
Black Students Hit Hard by For-Profit College Debt New Center for Responsible Lending Report Says For-Profit Education “a Risky Proposition”
January 11, 2018
Similarly, Elena, a 35-year-old Latina enrolled in a for-profit institution after seeing television commercials for the local branch of Everest College targeted at those without a GED, like herself. ... read more »
New CRL Research: For-Profit Colleges Promise But Seldom Deliver Gainful Employment
January 4, 2018
Veterans educational benefits are additional taxpayer-paid revenues.  ... read more »
Equifax data breach leaves at least 143 million Consumers Credit at risk
September 13, 2017
Congresswoman Waters prefers a legislative approach – one that will ensure this type of financial disaster from happening again. ... read more »
CBC report calls for Economic Justice
April 12, 2017
This year has brought a number of significant developments. A new Congress, the 115th in our nation’s history and similarly the 45th president have together begun a new era of government. From all indications, this new leadership seeks to create public policies and priorities that significantly alter what will remain as a governmental function. From education to environmental stewardship, health care and more, the governing toolbox of executive orders, regulation and legislation are all in use. ... read more »
More, not less, financial regulation needed say voters
July 21, 2016
Financial accountability and tough regulations are still needed, say 3 out of 4 likely voters. These two top line findings from a recent poll measured consumer satisfaction with Wall Street banks as well as a range of other financial services and providers including credit cards, debt collectors, payday loans and mortgages. The poll, jointly commissioned by the Center for Responsible Lending (CRL) and Americans for Financial Reform (AFR), reveals that these preferences are shared across partisan affiliations. ... read more »
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