Advocating for Products that Make Economic Sense for Consumers

January 7, 2009

Throughout its history, CRL has published highly respected research on a number of topics on harmful lending practices, including research on high-interest "payday” lending, overdraft fees, credit cards, car title loans, and mortgage loans. Despite heavy criticism by industry groups, in 2006, our nationwide research on subprime mortgages showed 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. 


In many respects, CRL and its parent company, Self-Help, have been protecting homeownership from overly aggressive lending practices as far back as 1999 and 2000 by fighting abusive models and lending giants such as Citi/Associates.  A closer look into our past clearly reveals that CRL has consistently advocated for lending products that make complete economic sense for consumers. 


Various interest groups have targeted CRL and Self-Help, attempting to smear our reputation with false accusations and unsubstantiated innuendos.  The fact is that our record speaks for itself and for the consumers we protect from predatory lending products and practices.


To read our groundbreaking research on the dangers of subprime loans please go to:

Losing Ground: Foreclosures in the Subprime Market and Their Cost to Homeowners 

More straight answers: CRL |