CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike.
- The State of Lending: Debt Collection and Debt Buying
Published: Apr 30 2014 Issue: Debt Collection
The debt collection industry is a rapidly expanding business, with revenue increasing up to 600 percent between 2003 and 2012. Private companies buy billions of dollars of charged-off debt from...
- For-Profit Colleges Saddle African-American and Latino Students with Crushing Debt, Poor Employment Prospects
Published: Apr 24 2014 Issue: Student Loans
Enrolling in a for-profit college usually means higher costs of attendance and higher default rates on student loans. This policy brief explores why students of color – African-American and Latino...
- Testimony at the CFPB’s Hearing on Payday Lending (Nashville, TN)
Published: Mar 25 2014 Issue: Payday Loans
Oneshia Herring, legislative counsel at CRL, discusses three reasons why payday loans are an inherently defective product that violate any reasonable concept of fair and responsible lending. This...
- Department of Education Rulemaking to Define ‘Gainful Employment’
Published: Mar 12 2014 Issue: Student Loans
The US Department of Education has re-started a negotiated rulemaking process regarding eligibility of career education programs for federal financial aid. This is CRL's memo on areas for...
- Comment Letter to Senate Banking Committee on Housing Finance Reform Bill
Published: Feb 28 2014 Issue: Mortgage Lending
A 13-member coalition of civil rights, housing and legal advocates called upon the U.S. Senate Banking Committee to preserve equal access to mortgage credit for all qualified borrowers.
- Negotiating on Car Loans Doesn’t Help African Americans and Latinos
Published: Jan 23 2014 Issue: Auto Financing
Trying to negotiate a better interest rate on your car loan should generally result in a better deal, right? Not so for buyers of color who get loans from dealers.
- Comment on Proposed Regulations for For-Profit and Occupational Schools
Published: Jan 22 2014 Issue: Student Loans
CRL recently expressed support for the Massachusetts’ Attorney General proposed regulations for occupational and for-profit schools.
- New Reforms Promote Stability in the Mortgage Market, Protect Access to Credit
Published: Jan 14 2014 Issue: Mortgage Lending
CRL President Mike Calhoun testified before the House Financial Services Committee that CFPB’s rules strike the right balance of providing borrower protections while also ensuring access to credit.
- 2014 Brings New Rules to Mortgage Lending
Published: Jan 7 2014 Issue: Mortgage Lending
In 2014, new mortgage lending reforms go into effect. Finalized by the Consumer Financial Protection Bureau, the reforms respond to the abusive lending practices that triggered the nation’s...
- Comment on Forced Arbitration Agreements in College Federal Aid Applications
Published: Dec 18 2013 Issue: Student Loans
In reply to the Department of Education’s request for comments on forced arbitration clauses in student federal loans, CRL called for transparency and clear disclosure. Further, CRL urged that...
- A Roll of the Dice: Debt Settlement Still a Risky Strategy for Debt-Burdened Households
Published: Nov 19 2013 Issue: Debt Settlement
Debt settlement programs too often are not the solution they are marketed to be, according to this new CRL research.
- Debt Settlement Firms Adopt "Attorney Model" to Evade State and Federal Rules
Published: Nov 7 2013 Issue: Debt Settlement
This paper discusses debt settlement firms’ increased use of affiliations with legal firms to circumvent state and federal restrictions on upfront fees and other unfair and deceptive practices.
- Civil Rights Groups to Federal Regulators: We Support Aligning Mortgage Rules and Oppose Down Payment Requirements
Published: Oct 31 2013 Issue: Mortgage Lending
A host of civil rights and fair housing groups joined with CRL in submitting comments to federal financial regulators and HUD.
- CRL Testimony to Senate Banking Committee : Preserve What Works, Reform What Needs Change
Published: Oct 29 2013 Issue: Mortgage Lending
In testimony before the Senate Committee on Banking, Housing, and Urban Affairs, Eric Stein, CRL Senior Vice-President, reminded lawmakers that consumer concerns must not be lost in proposed...
- Letter to Federal Regulators: Stop Illegal Payday Loans
Published: Oct 28 2013 Issue: Payday Loans
The National Consumer Law Center, Consumer Federation of America, Center for Responsible Lending and 26 other consumer and civil rights groups sent a letter to federal regulators urging stronger...
- Fixing What Went Wrong and Building on What Works in Housing Finance
Published: Oct 17 2013 Issue: Mortgage Lending
CRL proposes housing policy reforms for the GSEs.
- Effective State and Federal Payday Lending Enforcement: Paving the Way for Broader, Stronger Protections
Published: Oct 4 2013 Issue: Payday Loans
The predatory features of payday loans, and the impact of their long-term debt on consumers, have in recent years drawn the attention of legislators and regulators. Policymakers at all levels have...
- Visualizing the State of Lending
Published: Sep 23 2013 Issue: Consumer Finance
Graphs, charts, and other visual resources to help give the full picture of the State of Lending in America today. Based on CRL's original research.
- Civil Rights Leaders on Mortgages: Preserve Access and Low Down Payments
Published: Sep 12 2013 Issue: Mortgage Lending
- Consumer Financial Protection Bureau Offers Four Paths to Qualified Mortgage Status
Published: Sep 11 2013 Issue: Mortgage Lending
An overview of the Qualified Mortgage (QM) definition.