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
- New Mortgage Rule Good News for Home Buyers
October 23, 2014
On September 22, 2014, financial regulatorsissued final rules to define a Qualified Residential Mortgage (QRM). The new rules are meant to define the risk retention rules for lenders as called for in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
- 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 to Spotlight Impact of Abusive Lending at CRL 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: CA Payday Lenders Rely on Repeat Borrowers
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%.