CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike.
- 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.
- Poll Shows Strong Consumer Support for Financial Regulation
Published: Sep 11 2013 Issue: CFPB
Over 90 percent of likely voters support financial regulation.
- The State of Lending: Bank Payday Loans
Published: Sep 10 2013 Issue: Payday Loans, Bank Payday Loans
Even in the face of strong opposition by banking regulators, a few banks continue to make triple-digit payday loans. In this chapter, our analysis shows no meaningful distinction between...
- The State of Lending: Payday Loans
Published: Sep 10 2013 Issue: Payday Loans
Payday loans—high-cost, quick-fix loans that trap borrowers in debt by design—cost cash-strapped American families $3.4 billion in fees every year. Of that number, more than two-thirds—$2.6...
- Monitor Report: 643,000 Borrowers Received Over $51 billion in Benefits
Published: Sep 6 2013 Issue: Mortgage Lending
AG Mortgage Settlement report shows 643,000 borrowers benefitted from AG settlement.
- 2013 Update: The Spillover Costs of Foreclosures
Published: Aug 29 2013 Issue: Mortgage Lending
The harm caused by over 12.5 million foreclosures is the focus of this brief, the fifth in a series of updated on related findings.
- Government-Mandated Down Payment Standards Would Harm the Economy, Deny Homeownership to Credit-Worthy Families
Published: Aug 15 2013 Issue: Mortgage Lending
Government mandated down payments would deny homeownership opportunities.
- 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...
- Foreclosure Counseling: Areas of Greatest Need in 2013
Published: Jul 31 2013 Issue: Mortgage Lending
Where foreclosures have hit the hardest and where the greatest need still remains in 2013 is the focus of this analysis on foreclosure counseling.
- The State of Lending: High-Cost Overdraft Fees
Published: Jul 30 2013 Issue: Overdraft Loans
Many banks and credit unions continue to charge abusive fees on debit cards and checking accounts. In this report, "High-cost Overdraft Practices," CRL finds that, in spite of regulatory changes in...
- Testimony: Seniors Vulnerable to Predatory Payday Loans
Published: Jul 24 2013 Issue: Bank Payday Loans, Payday Loans
Rebecca Borné, senior policy counsel for CRL, testifies on the harms of payday loans and how seniors are particularly vulnerable. The Senate Special Committee on Aging held this hearing to examine...
- CRL Testimony: Prioritize Safe and Affordable Mortgage Access
Published: Jul 19 2013 Issue: Mortgage Lending
Michael Calhoun, CRL President, testified before a House Financial Services Committee hearing on housing finance reform and the future of homeownership.
- The State of Lending: Car-Title Loans
Published: Jul 11 2013 Issue: Car Title Loans
Car-title lending—making expensive loans secured by the title of a vehicle a borrower owns out-right—has become a multi-billion dollar industry in the U.S. over the last decade. CRL estimates that...
- CRL to Regulators: Align Qualified Mortgage (QM) and Qualified Residential Mortgage (QRM) Rules
Published: Jun 28 2013 Issue: Mortgage Lending
As regulators move to define Qualified Residential Mortgages (QRMs), CRL urges the same standard that CFPB defined for Qualified Mortgages (QM).
- Dodd-Frank Act Balances Access to Credit and Key Protections
Published: Jun 18 2013 Issue: Mortgage Lending
Michael Calhoun, CRL President, testified before a House Financial Services Subcommittee on Dodd-Frank's impact on homeownership. He said that, as a whole, these rules expand access to credit while...
- Minority Homeownership Study Has Flawed Methodology and Conclusions
Published: Jun 13 2013 Issue: Mortgage Lending
CRL rebuts working paper on minority homeownership, citing fundamental flaws and conclusions.