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Debt Collectors Target Consumers of Color, People Making Less Than $50K
BusinessCharlene CrowellEconomyNews (Business)Opinion

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.

Racial Mortgage Disparities Persist as Federal Housing Enforcement Lags
BusinessCharlene CrowellNews (Business)Opinion

Racial Mortgage Disparities Persist as Federal Housing Enforcement Lags

Charlene CrowellMay 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.