Center for Straight Answers

Here are all the straight answers regarding us and our work.  If you can't find what you are looking for, please feel free to use the search box to find the right answer.  Do not forget to help us stay one step ahead of predatory lenders and their lobbyists by using the tip-line to alert us to their new attacks and schemes.


 

  • Wolves in "Responsible Lending" Clothing
    May 17, 2011
    Through our research and advocacy work, the Center for Responsible Lending has established a well-known trademark. Now we're seeing opponents brand themselves with "responsible lending" or otherwise trading on CRL's good name. The latest: Association for Responsible Lending, a front-group for consumer finance lenders in NC. (UPDATE 5-23-11 They just changed their name to "Association for Installement Lending")

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  • CRL Spends Little on Lobbying vs Financial Services Firms
    September 23, 2010
    Here we provide some context for CRL lobbying expenditures recently reported in the news. Bottomline: in first half 2010 bailed-out banks and payday lenders spent, respectively, 48 TIMES and 9 TIMES more than CRL.

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  • New attack on CRL is same old story--and still wrong
    November 23, 2009
    The Consumers Rights League is a fake grassroots group that has operated under the wing of various D.C. lobbying and public relations firms. Now they are attacking the accuracy of CRL lobbying reports, although their "complaint" merely repeats discredited claims about CRL donors and inaccurately alleges other "violations" where CRL has in fact complied with lobbying laws.

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  • CRL’s Secret Stash: The Truth about Predatory Loans
    February 13, 2009
    A recent posting in a payday lending industry blog wondered whether CRL had “money stashed away somewhere” to continue protecting consumers from high-interest payday loans. The truth is that when the facts are in your side, you don’t need much cash.

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  • Newspaper Offers Needed Correction
    January 16, 2009
    The New York Times offered a needed correction today in regards to a December 25th article, which wrongfully characterized CRL’s work against prepayment penalties and the discussions between Mr. Martin Eakes, CRL’s CEO, and Mr. Herb Sandler. As the correction states, “Mr. Eakes and the Center for Responsible Lending have continued to oppose prepayment penalties generally, on both prime and sub-prime mortgages.”

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  • Advocating for Products that Make Economic Sense for Consumers
    January 7, 2009
    Despite heavy industry critiism, in 2006, CRL warned that subprime loans were on the verge of failing on a mass scale. As we now know, that projection has proved to be all-too accurate. Throughout its history, CRL has pushed for financial products that make economic sense for consumers, that is who we are and what we stand for.

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  • Forbes' Probe Gets It Wrong
    March 12, 2008
    The Columbia Journalism Review finds that a Forbes “probe” of CRL’s CEO Martin Eakes “can’t find any facts—not even one—that even remotely qualify as mud."

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