CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike. We also share our market and legal knowledge with advocates and policymakers across the nation interested in reforming lending practices.

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  • Comments to Department of Defense: Expanding Credit Protections for Service Members and Their Families
    Published: Aug 1 2013      Issue: Overdraft Loans, Payday Loans

    Although the Military Lending Act has resulted in significant improvements, Service members continue to be the target of predatory lenders. In 2012, members of the military filed 61,642 complaints...

  • Banks Should Disclose Overdraft Fees
    Published: May 9 2013      Issue: Overdraft Loans

    Today banks are allowed to report overdraft fees as part of general service charge income, but CRL supports greater transparency. In this comment letter to the Federal Financial Institutions...

  • Comments to CFPB on Overdraft Practices
    Published: Jul 6 2012      Issue: Consumer Financial Protection Bureau, Overdraft Loans

    CRL joined with CFA and NCLC to provide the CFPB (Consumer Financial Protection Bureau) with documentation of bank overdraft practices and their impact on consumers. The CFPB should stop banks from...

  • Comment to the Federal Reserve on Notice by Capital One to Acquire ING Bank
    Published: Sep 20 2011      Issue: Overdraft Loans

    The Center for Responsible Lending commented on Capital One's proposed acquisistion of ING Bank at a public meeting held by Federal Reserve on September 20, 2011.

  • Comments to OCC on Overdraft and Bank Payday Loans
    Published: Aug 9 2011      Issue: Overdraft Loans

    CRL filed comments to the OCC on August 8, 2011 urging them to strengthen rules on overdraft and bank payday lending. Automatic debit overdrafts, re-ordering of account transactions and direct...

  • AFR Sign-on to OCC on Overdraft and Bank Payday
    Published: Aug 9 2011      Issue: Overdraft Loans, Payday Loans

    Consumer groups fear OCC proposed guidance may legitimize and facilitate the spread of payday lending by national banks, and banks would continue abusive overdraft practices—harming bank customers,...

  • Overdraft Opt-In Savings
    Published: Jun 23 2011      Issue: Overdraft Loans

    Better Overdraft Policies Put Money Back In Consumers' Pockets: Regulators Must Stop Remaining Overdraft Abuses

  • Banks Collect Overdraft Opt-Ins Through Misleading Marketing
    Published: Apr 26 2011      Issue: Overdraft Loans

    A Center for Responsible Lending survey indicates that most consumers do not want high-cost overdraft coverage for their checking accounts, and that opt-ins are largely based on aggressive and...

  • Joint Letter Urging OCC to Curb Overdraft Abuse
    Published: Oct 13 2010      Issue: Overdraft Loans

    The Center for Responsible Lender added its signature to a letter from national consumer organizations asking the Office of the Comptroller of the Currency (OCC) to adopt stricter overdraft...

  • Comment Letter on FDIC's Proposed Overdraft Guidance
    Published: Sep 27 2010      Issue: Overdraft Loans

    CRL and other consumer advocates filed a comment letter with the FDIC supporting most aspects of the agency's proposed guidance on overdraft. The groups also made recommendations on how the agency...

  • Joint Letter in Support of FDIC Overdraft Proposals September 2010
    Published: Sep 27 2010      Issue: Overdraft Loans

    CRL and a cross-section of civil rights, labor, consumer, housing, community, business, and sustainable and responsible investor groups sent a joint letter to the FDIC expressing support for...

  • Federal Judge Orders Wells Fargo to Reimburse California Customers
    Published: Aug 10 2010      Issue: Overdraft Loans

    Federal court finds Wells Fargo's posting practices amounted to gouging and profiteering. This 90-page brief addresses Wells' checking account overdraft practices.

  • Guidance to OTS on Overdraft Protection Programs
    Published: Jun 28 2010      Issue: Overdraft Loans

    CRL’s, Consumer Federation of America and the National Consumer Law Center’s comment letter to the OTS regarding the agency’s Supplemental Guidance on Overdraft Protection Programs.

  • CRL Comment Letter on Garnishment of Federal Benefits
    Published: Jun 18 2010      Issue: Overdraft Loans

    CRL and other consumer groups provide comment on the Office of Personnel Management's proposed rule regarding garnishment of federal benefits.

  • CRL and Other Groups Comment on Clarifications to Fed's Opt-In Rule
    Published: Mar 30 2010      Issue: Overdraft Loans

    CRL and other consumer groups provide comment on the Federal Reserve’s opt-in rule and the proposed changes to Regulation DD.

  • National Bank Regulator Enabled Overdraft Abuses
    Published: Feb 24 2010      Issue: Overdraft Loans

    The OCC has acknowledged problems with bank overdraft systems but has allowed the banks they regulate to use them.

  • National Bank Regulator Enabled Overdraft Abuses
    Published: Feb 24 2010      Issue: Overdraft Loans

    The OCC has acknowledged problems with bank overdraft systems but has allowed the banks they regulate to use them.

  • Congressional Proposal Would Curb Overdraft Abuses; Fed’s Rules Fall Far Short
    Published: Feb 2 2010      Issue: Overdraft Loans

    Chart comparing Federal Reserve rules and proposed legislation to curb overdraft abuses.

  • Testimony: Michael Calhoun testifies on overdraft before the Senate
    Published: Nov 19 2009      Issue: Overdraft Loans

    Center for Responsible Lending president Michael Calhoun testified before the U.S. Senate Banking Committee on November 17, 2009, calling on support for reforming overdraft bank fees. Debit card...

  • Support H.R. 3904, the Overdraft Protection Act of 2009
    Published: Oct 29 2009      Issue: Overdraft Loans

    Congresswoman Carolyn Maloney proposed the Overdraft Protection Act of 2009, which would reform out-of-control bank and credit union overdraft practices. Fees for debit card transactions and other...

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