Research & Analysis
CRL conducts in-depth research on the extent and impact of predatory lending to provide useful information to consumers, community advocates, and policymakers, like the Consumer Financial Protection Bureau. We also share our market and legal knowledge with advocates and the CFPB in hopes of reforming lending practices. Below you will find CRL's CFPB research and policy analyses, including our testimony and comment letters to the bureau.
- CRL to Senate Banking Committee: Confirm CFPB's Cordray
March 19, 2013
- CRL Comments to CFPB 0n Proposed Remittance Transfer Rule
January 29, 2013
Comments submitted by CRL and National Council of La Raza concerning the proposed revision of theConsumer Financial Protection Bureau to its final rulemaking onremittance transfers under the Electronic Fund Transfers Act (EFTA).
- Comment to CFPB: The financial exploitation of older Americans
August 20, 2012
CRL told the CFPB of abusive financial practices against older Americans. More than 13 million older adults live on $21,800 a year or less. Further, the average credit card debt for these consumers is now more than $9,000 – the highest average balance of any group.
- New Poll Shows Continued Broad Support for Financial Reforms and Consumer Protections
July 18, 2012
- CRL Remarks at CFPB Credit Reporting Field Hearing
July 16, 2012
Remarks by Bill Sermons, Research Director Center for Responsible Lending before the Credit Reporting Field Hearing convened by the Consumer Financial Protection Bureau in Detroit, Michigan on July 16, 2012.
- America's Top Consumer Cop Reports to Congress
January 31, 2012
The Consumer Financial Protection Bureau (CFPB) delivered its first agency’s first report to Congress January 31, 2012
- Comments to the Consumer Financial Protection Bureau and the Federal Reserve Board re: Regulation Z: Proposed Rule on Ability to Pay and Qualified Mortgage
July 22, 2011
In its first formal comment to the CFPB, the Center for Responsible Lending supports new Dodd-Frank mortgage reforms and urges the CFPB to ensure that lenders have appropriate consequences if they fail to abide by the rules.
- New Poll: Broad Bipartisan Support for Financial Reform and Consumer Protections
July 19, 2011
A new poll reveals that American voters broadly support the 2010 Dodd-Frank Wall Street Reform law, by a 5 to 1 margin, and across all political parties.
- Testimony: Enhanced Consumer Financial Protection After the Financial Crisis
July 19, 2011
Testimony of Mike Calhoun before Senate Banking Committee: Unsustainable lending pushed us into the financial crisis, and sustainable lending and responsible consumer financial services products are needed to restore and maintain economic health. An independent Consumer Financial Protection Bureau (CFPB), as enacted by the Dodd-Frank Act (DFA or Dodd-Frank), is critical to reestablishing these sustainable lending practices.
- Building the CFPB: A Progress Report
July 18, 2011
On July 21, 2011, the CFPB will be a cop on the beat to enforce the laws on credit cards, mortgages, student loans, prepaid cards, and other kinds of financial products and services. This report from the Bureau summarizes in one place what they’ve been up to.