Research & Analysis
HIGHLIGHT
Back in 2001, we estimated that predatory mortgage lending cost consumers $9.1 billion every year. Since then, the market for subprime home loans surged, then exploded, and it has become painfully clear that the total cost of bad lending practices is almost incalculable. Still, we keep trying. In recent years our research has focused on topics such as trends in the subprime market, racial disparities in lending, and an assessment of predatory lending laws in the states. Visit us often to stay up-to-date on our latest findings, including periodic assessments of reports issued by lenders and regulatory agencies.
- Consumer Financial Protection Bureau--Overview of Key Provisions
September 1, 2010Overview of CFPB describes its structure, funding, duties and how it will work with the states to enforce consumer protections.
- Dreams Deferred: Impacts and Characteristics of the California Foreclosure Crisis
August 17, 2010California Foreclosures: More than half of all foreclosures in the state are of Latino and African-American homeowners, according to August 2010 Center for Responsible Lending mortgage research.
- Foreclosures by Race and Ethnicity: The Demographics of a Crisis
June 18, 2010Center for Responsible Lending report sheds light on the nation's foreclosure crisis by using government and industry data to estimate the number of foreclosures in recent years and their impact by race and ethnicity.
- Top Priorities for Real Financial Reform
June 16, 2010For the final financial reform bill that will be considered and voted on by the House and Senate joint conference committee, there are three issues vital in protecting taxpayers from another crisis in the future.
- Why a Federal Consumer Protection Watchdog Matters to the States
April 16, 2010Financial companies are lobbying hard to strip states' rights to make and enforce consumer protection rules, but states must stay on the front lines of fighting predatory lending.
- Consumer Financial Protection Agency (CFPA/CFPB)
April 8, 2010CFPA (also referred to as CFPB) is the new Consumer Financial Protection Agency currently being considered by Congress. The aim of the CFPA is to help repair our financial system and protect families by ensuring stronger consumer protections from financial products and by preventing abusive practices in the financial industry. With a new Consumer Financial Protection Agency or Bureau (CFPA or CFPB) Congress can repair our financial system and protect American families with a strong regulator that is independent of the companies it regulates, and fully transparent and accountable to the public.
- Comments to the Federal Trade Commission on Mortgage Assistance Relief
March 30, 2010The need for mortgage relief continues to grow, but too often companies that promise mortgage assistance relief services (MARS) turn out to be scammers. CRL and its allies recently submitted comments to the Federal Trade Commission, which is considering tighter rules to ensure that people who pay for mortgage assistance actually have a fair chance of receiving help.
- Consumer Financial Protection Agency (Additional Resources)
March 1, 2010Financial Reform: Learn more about the CFPB/CFPA and other efforts to reform the financial system.
- To Prevent Foreclosures, Eliminate Penalty Tax On Mortgage Relief
February 1, 2010When homeowners are at risk of losing their home to foreclosure, the last thing they need is an extra tax bill. Congress needs to fix the 2007 Mortgage Forgiveness Debt Relief Act so that homeowners receive relief as intended.
- The Private Sector and Government Response to the Mortgage Foreclosure Crisis
December 8, 2009Julia Gordon, CRL Sr. Policy Counsel, testifies before the House Financial Services Committee on why we need a stronger, multi-pronged approach to stopping the mortgage foreclosure epidemic
