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
- Spotlight on Growing Threat of Predatory Payday Loans in CA
October 17, 2014
Center for Responsible Lending staff and consumer advocates based in Los Angeles gathered on October 10 to spotlight the threat posed by Predatory Payday Lending.
- NC Attorney General Roy Cooper to Spotlight Impact of Abusive Lending at CRL’s Inaugural ‘Protecting Community Wealth Series’ Event
October 10, 2014
On November 6 at 5:00 p.m., the Center for Responsible Lending (CRL) and Duke University’s Sanford School of Public Policy will host North Carolina Attorney General Roy Cooper for CRL’s inaugural Protecting Community Wealth event, the first event in a series that will be hosted across the country focused on how regulators, policymakers and all Americans can work together to end abusive practices in financial markets and increase economic security for all people.
- Report: California Payday Lenders Rely on Repeat Borrowers for Revenue, Contradicting Public Claims
October 9, 2014
A Center for Responsible Lending analysis of two new reports on the payday lending industry from the California Department of Business Oversight (DBO) shows that payday lenders, who advertise their products as a one-time quick fix for consumers facing a cash crunch, generate 76% of their revenue from borrowers who take out 7 or more loans per year. The DBO’s Annual report and Industry Survey come as the Consumer Financial Protection Bureau (CFPB) is considering new rules aimed at curtailing abuses in the payday lending industry. The Department of Defense also recently proposed new rules to further protect service members under the Military Lending Act, and Members of Congress have introduced a bill to cap interest rates on consumer credit products at 36%.
- For-profit colleges leave African-American and Latino students with poor educational outcomes, unmanageable debt
October 3, 2014
For-profit college attendees are more likely to incur unmanageable student loan debt and be unable to graduate than their peers attending other schools, according to new research released today by the Center for Responsible Lending. African-American and Latino students in particular have a high risk of experiencing these poor outcomes at for-profit colleges, which have a long record of engaging in deceptive practices to pressure students to enroll.