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.


 

  • Cash USA Gets Key Facts Wrong
    September 21, 2010
    A recent Cash USA press release complains about protests sparked by the National People's Action report "Predators' Creditors", which outlines how banks are providing billions of dollars in support to payday lenders. The company then throws in some old--and bogus--attacks on CRL.

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  • So fighting foreclosures is a BAD thing?
    April 20, 2010
    Financial reform opponents attack CRL for accepting a grant from Paulson & Co., but that funding has helped keep thousands of struggling families in their homes.

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  • As CFPA bill goes up for debate, attacks on CRL escalate
    March 15, 2010
    We're not surprised that BigGovernment.org has tried to attack CRL this week - using the same tired and unfounded arguments the payday lenders have tried unsuccessfully to peddle to the press for years. (Quelle surprise - the editor of BigGovernment.org is also the head of the Consumers Rights League, a fake grassroots group set up by the payday lenders to attack CRL and other organizations.

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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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  • Payday Lender Spreads False Claims Against Self-Help Credit Union
    July 10, 2009
    A recent industry blog claimed that divisions of Self-Help Credit Union offer a line of credit whereby a “customer pays a monthly fee of either $25 or $40, based on amount of credit used. For overdraft loans up to $250, the fee is $25. For loans up to $500, the fee is $40.” This statement is patently false.

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  • An Open Letter to Tim Miller of the Center for Consumer Freedom
    February 6, 2009
    A recent editoral by Tim Miller of the PR firm Berman & Company made some outlandish claims against our affiliate Self-Help. Here we provide the public with the real facts.

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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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  • Self-Help Credit Union: Fair Lending, Strong Results
    January 7, 2009
    In their newest attempt to halt reform on their industry, payday lenders have created a fake "grassroots" group called the Consumers Rights League (CR League) to attack Self-Help and CRL by spreading misinformation about the groups' work.

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  • Doing What We Preach Everyday
    January 6, 2009
    As a community development lender, Self-Help offers responsible loan products at fair rates. It seeks to live up to the standards pushed for in its advocacy work.

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  • How Does Self-Help Compare to Other Credit Unions?
    January 6, 2009
    Self-Help financial results versus other credit unions shows how responsible lending makes economic sense for consumers and financial institutions.

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