Kathy Kraninger

Debt Collectors Target Consumers of Color, People Making Less Than $50K

Charlene CrowellSeptember 26, 2019

Conducted by Lake Research Partners and Chesapeake Beach Consulting, the poll was jointly commissioned by the Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL). The results, released on September 11, found stark opposition by consumers to regulatory reforms announced by the CFPB. Consumers are strongly united in wanting more and better protection in this area of financial regulation.

Charlene Crowell Opinion

Auto Loan Delinquencies Climbed to $9 billion in 2018

Charlene Crowell, NNPA Newswire ContributorFebruary 21, 2019

…in April of last year, Congress used the Congressional Review Act to nullify the Consumer Financial Protection Bureau’s (CFPB) auto finance guidance that held auto lenders responsible for discriminatory lending practices prohibited under the Equal Credit Protection Act. This distorted use of the Congressional Review Act, sometimes known as another CRA, was never intended to overturn long-standing agency practices.

Business Charlene Crowell News (Business)Opinion

CFPB Makes Move to Support Payday Lenders During Black History Month

Charlene CrowellFebruary 15, 2019

When given the chance at the ballot box, Americans overwhelmingly vote to impose a 36 percent or less rate cap. Today, 16 states and the District of Columbia have these rate caps in place, providing strong protection from payday loan sharks. In remaining states – those without a rate cap – interest rates run as high as 460 percent in California, over 400 percent in Illinois and 662 percent in Texas.