CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike.
- Financial Reform that Protects Consumers
Published: Jun 25 2009 Issue: Auto Financing, Car Title Loans, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans
For years, federal bank regulators looked the other way; now Congress has a chance to reform our system of checks and balances, make banks accountable, and protect consumers from abusive financial...
- Six Principles for Real Reform: Balancing Bank Safety and Sensible Lending
Published: Jun 24 2009 Issue: Auto Financing, Car Title Loans, Consumer Financial Protection Bureau, Credit Cards, Mortgage Lending, Overdraft Loans
As Congress considers how to address improving consumer protection and regulation of our financial system going forward over the next several months, we offer six essential principles for achieving...
- Regulatory Restructuring: Enhancing Consumer Financial Products Regulation
Published: Jun 24 2009 Issue: Auto Financing, Car Title Loans, Consumer Financial Protection Bureau, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans
Kathleen Keest, Senior Policy Counsel at CRL, testified before the House Financial Services Committee on CRL's support for a strong, state-of-the-art consumer protection agency for financial...
- Stacked Deck: A Statistical Analysis of Forced Arbitration
Published: May 31 2009 Issue: Credit Cards, Mandatory Arbitration
Mandatory arbitration study. CRL's analysis shows consumers lack rights in forced arbitration (binding mandatory arbitration). Almost all credit card contracts with major issuers contain a hidden...
- H.R. 2309, the Consumer Credit and Debt Protection Act
Published: May 12 2009 Issue: Auto Financing, Credit Cards
The Subcommittee on Commerce, Trade, and Consumer Protection held a legislative hearing on H.R. 2309, the Consumer Credit and Debt Protection Act.
- Congressional Research Service Memo re H.R. 627
Published: May 12 2009 Issue: Credit Cards
This memorandum provides a comparative analysis of H.R. 627 (the Credit Cardholders’ Bill of Rights Act of 2009), as passed by the House on April 30, 2009, and the amendment in the nature of a...
- Testimony of Kathleen Keest In Regards To HR 2309
Published: May 12 2009 Issue: Auto Financing, Credit Cards, Financial Literacy, Overdraft Loans, Payday Loans
Testimony of Kathleen E. Keest on behalf of the Center for Responsible Lending, Consumer Federation of America, and the National Consumer Law Center before the Subcommittee on Commerce, Trade and...
- Selective Interpretation? Top Credit Card Issuers Appear to Follow Own Rules.
Published: May 8 2009 Issue: Credit Cards
A quick sampling of credit card issuers’ recent activities in response to the Federal Reserve rule changes that were announced in December 2008 found the top eight issuers--Citigroup, Bank of...
- What's Draining Your Wallet? The Real Cost of Credit Card Cash Advances
Published: Dec 16 2008 Issue: Credit Cards
This report demonstrates that credit card “payment allocation” policy can be both expensive and confusing for credit card customers and shows that allocating payments to the lowest rate first is...
- Priceless or Just Expensive? The Use of Penalty Rates in the Credit Card Industry
Published: Dec 16 2008 Issue: Credit Cards
While credit card companies compete to offer the lowest "headline" rates in solicitations, they also depend on less obvious tactics to boost their financial returns. Repricing customers based on...
- Comment: Unfair or Deceptive Practices with Respect to Credit Cards
Published: Aug 4 2008 Issue: Credit Cards
Comments on Federal Reserve Board proposals regarding unfair and deceptive credit card practices, August 4, 2008.
- Comment: Implementation of Military Lending Amendment
Published: Feb 26 2008 Issue: Car Title Loans, Credit Cards, Mortgage Lending, Overdraft Loans, Payday Loans, Refund Anticipation Loans
Comments on Implementation of Limitations on Terms of Consumer Credit Extended to Service Members and Dependents
- Improving Credit Card Consumer Protection: Recent Industry and Regulatory Initiatives
Published: Jun 7 2007 Issue: Credit Cards
Testimony before the U.S. House of Representatives Committee on Financial Services
- Comments: Open-End Credit, Bankruptcy Amendments of 2005
Published: Dec 16 2005 Issue: Credit Cards
Comment to Federal Reserve on proposals regarding Open-End Credit Implementation of the Bankruptcy Amendments of 2005, December 16, 2005.
- Risking Homes to Pay Off Credit Cards
Published: Nov 28 2005 Issue: Credit Cards
The fear of overwhelming credit card debt is driving many Americans to hand their equity back to mortgage lenders in the form of "cash-out" refinances. Rather than generating cash to invest in the...
- The Plastic Safety Net: The Reality Behind Debt in America
Published: Oct 12 2005 Issue: Credit Cards
This 2005 survey provides new information about why households are in credit card debt, how long they have carried their debt and the impact this debt has had on their economic security. American...