CRL Receives 2012 MacArthur Award for Creative and Effective Institutions
Center for Responsible Lending
February 16, 2012
Today the John D. and Catherine T. MacArthur Foundation named the Center for Responsible Lending (CRL) as a recipient of the MacArthur Award for Creative and Effective Institutions. The award recognizes CRL’s decade of work fighting predatory lending practices nationally, and provides the group with a major grant to support future efforts. CRL is one of only 15 organizations from six countries to be recognized today with this award.
“The award comes at a time when ordinary citizens are facing dramatic financial challenges,” said Martin Eakes, Chief Executive Officer of CRL. “We’re very grateful to the MacArthur Foundation; their support will enable CRL to expand its fight to protect the financial security of American families.”
The award is recognition for CRL’s past success and an investment in the nonprofit’s future. CRL will use the support to start a permanent endowment and create a strategic plan for continuing its advocacy for safe and sustainable financial products. This plan will include a roadmap for growing CRL’s coalition of partners and expanding its focus on emerging consumer finance areas.
“From Chicago to Kampala, these extraordinary organizations demonstrate exceptional creativity and effectiveness,” said MacArthur President Robert Gallucci. “They provide new ways to address old problems. They generate provocative ideas and they reframe well-worn debates. And their impact is altogether disproportionate to their size.”
For more information: Kathleen Day at (202) 349-1871 or firstname.lastname@example.org; Ginna Green at (510) 379-5513 or email@example.com
About the Center for Responsible Lending
The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is affiliated with Self-Help, one of the nation's largest community development financial institutions.