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Press Releases

April 4, 2018
WASHINGTON, D.C. – Today, Wednesday, April 4, leaders of the Center for Responsible Lending (CRL) are in Memphis, Tenn., to participate in events honoring the 50th anniversaries of the assassination of Dr. Martin Luther King, Jr. and the enactment of the Fair Housing Act. The Memphis-based activities will begin a month-long series of CRL publicly appearing with allies and advocates to observe Fair Housing Month. Additional events will be shared as confirmed. Wednesday, April 4, 2018 - Memphis, Tenn. WHAT: The Jewish Labor Committee (JLC) and its co-sponsors the American Federation of...
March 7, 2018
WASHINGTON, D.C. – On March 6, the leadership at the U.S. Department of Housing and Urban Development (HUD) announced that it is changing its mission statement by stripping away language that promises inclusivity and communities free of discrimination. According to news reports, the new mission statement removes the reference to “inclusive” communities “free from discrimination.” The draft statement now reads: “HUD’s mission is to ensure Americans have access to fair, affordable housing and opportunities to achieve self-sufficiency, thereby strengthening our communities and nation.” In...
March 1, 2018
Center for Responsible Lending & National Urban League Report Shows Senators’ Proposal Would Cost More, Deliver Less WASHINGTON, D.C. – A new research report by the Center for Responsible Lending (CRL) and National Urban League critiques a legislative discussion draft by U.S. Senators Bob Corker (R-Tenn.) and Mark Warner (D-Va.) to restructure the nation’s housing finance system, and it criticizes recently published papers supporting it. CRL and the National Urban League’s report finds that the proposed legislation repeals the important public interest mandates within the current...
February 2, 2018
WASHINGTON, D.C. – This week, a leaked version of a housing finance proposal from U.S. Senators Bob Corker (TN) and Mark Warner (VA) emerged that would severely harm America’s housing market. Today, several civil rights and affordable housing groups issued a statement on the proposal’s negative impact on access, affordability, and market stability. The Center for Responsible Lending, Lawyers’ Committee for Civil Rights Under Law, Leadership Conference on Civil and Human Rights, NAACP, National CAPACD, National Community Reinvestment Coalition, National Fair Housing Alliance, National Urban...
January 10, 2018
Proposed Changes In Housing Finance Reform Could Reduce the Ability of Community Banks and Credit Unions to Provide Mortgage Credit WASHINGTON, D.C. – Today, Brookings Institution’s Center on Regulation and Markets published a report by the Center for Responsible Lending (CRL) on the state of the rural housing market. While almost a quarter of Americans live in rural communities, they are often overlooked in policy discussions. The CRL report analyzes the most recent Home Mortgage Disclosure Act (HMDA) data and reviews aspects of proposed changes to the Government Sponsored Enterprises (...
December 15, 2017
WASHINGTON, D.C. – Leading civil and human rights organizations and housing policy advocates wrote in a letter today that both the U.S. Senate Banking and House Financial Services Committees to demand that stakeholders—now excluded from current Congressional discussion on reforming the nation’s housing finance system—be expanded to include all voices and perspectives. Organizations seeking to advise the congressional committees are: The Leadership Conference on Civil and Human Rights, National Coalition for Asian Pacific American Community Development, Center for Responsible...
October 25, 2017
WASHINGTON, D.C. – Today Nikitra Bailey, an Executive Vice President with the Center for Responsible Lending testified before the U.S. House of Representatives Subcommittee hearing entitled, “Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform.” Bailey reviewed the secondary mortgage market’s history as it relates to low-wealth communities and consumers of color, citing past federal policies that excluded communities of color from homeownership, and its accompanying opportunity to build wealth. Bailey’s testimony today underscores how federal policy has both...
September 29, 2017
WASHINGTON, DC. - A new analysis of 2016 mortgage lending data by the Center for Responsible Lending (CRL) again finds a continued lack of access to conventional loans among consumers of color and low-wealth families, but that the mortgage market has rebounded slightly from the foreclosure crisis and Great Recession. Enacted by Congress in 1975, the Home Mortgage Disclosure Act (HMDA) requires an annual public accounting of the nation’s mortgage lending. Its data provides critical information for both the public and financial sectors by alerting the nation to trends on the groups of...
September 21, 2017
WASHINGTON, DC. - Today and as part of the annual Congressional Black Caucus Foundation’s 47th Annual Legislative Conference, the National Association of Real Estate Brokers (NAREB) will convene a panel of housing stakeholders this afternoon. The session entitled, “State of Housing in Black America: Considering the Future,” will examine mortgage industry practices, and whether the Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in 2010, created barriers for African-Americans seeking homeownership opportunities. Nikitra Bailey, an executive vice president with the Center...
June 29, 2017
Under Consideration Today, House Financial Services Appropriations Bill Would Weaken Critical Protections for Consumers WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) denounced the House Appropriations Committee’s Financial Services and General Government FY ’18 appropriations bill, which is being marked up right now in subcommittee. The legislation proposes a dangerous deregulatory agenda, including the removal of borrower protections in the housing market and the evisceration of the Consumer Financial Protection Bureau (CFPB). Created in the wake of the 2007 financial...

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