CRL's Media Center
As a non-partisan research and policy organization, we’re here to provide expertise on the financial services industry, whether it’s about mortgage lending, payday loans, credit cards or a host of other products and services that have a daily impact on the wallets and economic well-being of every American.
Take some time to browse the website, where our research and policy positions are organized by topic: mortgages, payday, overdraft, credit cards, auto lending, car title loans, debt collection & settlement.
Call or email us if you want to be added to our media list to receive reports and policy statements, and, of course, if you need a question answered. We’ll get back to you as quickly as possible.
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Latest Press Releases
- Federal Housing Finance Agency's Rule Setting Affordable Housing Goals
August 19, 2015
Today, the Federal Housing Finance Agency (FHFA) issued a final rule setting affordable housing goals for Fannie Mae and Freddie Mac (the GSEs). Affordable housing goals are meant to ensure that people in lower-wealth communities have access to homeownership and affordable rental housing. FHFA announced that its' single-family, low-income home purchase goal for 2015-2017 would be set at a conservative 24 percent, and that the dual-part market and benchmark test that determines if goals are met would remain unchanged. This allows the GSEs to meet the goal even if they fall below the target percentage, as long as their lending matches the overall market.
- CRL Statement on the Loss of Julian Bond
August 16, 2015
We at the Center for Responsible Lending were deeply saddened by the loss of Julian Bond, a great American, our friend, colleague and a member of the CRL Board of Directors.
- Discover Bank’s Illegal Student Loan Servicing Practices Show Need for New Rules
July 23, 2015
Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a consent order requiring Discover Bank to pay a $2.5 million dollar fine and $16 million in refunds to consumers for illegal student loan servicing practices. The bank overstated the minimum amounts due on billing statements and denied consumers information they needed to obtain federal tax benefits. According to the CFPB, the company also engaged in illegal debt collection tactics.
- Military Lending Act Rules Stop 'Debt Trap' Payday, Car-Title, Installment Loans to Service Members
July 21, 2015
In a speech today in Pittsburgh at the annual Veterans of Foreign Wars convention, President Obama announced new Department of Defense rules to further protect service members and their families from predatory lending practices. The rules strengthen the Military Lending Act (MLA), closing loopholes unscrupulous lenders use to target military families with predatory, high-cost loans, and applying the Act's rules to all existing lending practices in the marketplace. The new rules go into effect October 1.